MEDIA REACTION: U.S.-CHINA RELATIONS, FINANCIAL CRISIS,

UNCLAS BEIJING 000087

DEPARTMENT FOR INR/R/MR, EAP/CM, EAP/PA, EAP/PD, C
HQ PACOM FOR PUBLIC DIPLOMACY ADVISOR (J007)
SIPDIS

E.O. 12958: N/A
TAGS: OPRC KMDR CH

SUBJECT: MEDIA REACTION: U.S.-CHINA RELATIONS, FINANCIAL CRISIS,
ISRAEL

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Editorial Quotes
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1. U.S.-CHINA RELATIONS

a. "U.S. and China enter a new era of balance"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(01/12): "In the 21st century, the balance and
strength of the U.S.-China relationship has gradually been built. In
the past two centuries, China's national strength was not at the
same level as that of the U.S. Thus there is a great imbalance in
ideology between the U.S. and China. However, during this century
the situation changed. Currently the two countries' economies are
nearing and becoming balanced. More and more dialogues are equal.
This balancing is not based on the terror of the cold war, but on
the cooperation of the two countries. Future win-win situations will
be the foundation of the two countries relations. However, this
balancing is a subsidiary of the general bilateral relationship. The
two should make an effort to continue to balance their
relationship."

b. "The U.S.- China relationship deserves more brainstorming by the
Chinese"

The official Xinhua News Agency international news publication
International Herald Leader (Guoji Xianqu Daobao)(01/12): "In the
U.S., the Chinese promotion of the U.S.-China relationship is rarely
seen. U.S. experts have brought new concepts forward such as
Chimerica, the U.S.-China Strategic Alliance, the visit to China by
future President Obama, etc. In China, there are different opinions
about these new concepts for the future U.S.-China relations. All
the concepts have common backgrounds: first, they've arisen in a
U.S. presidential election year; second, they were brought forward
during the financial crisis; third, they were mentioned in relation
to the 30th anniversary of U.S.-China relations. Looking at the
concepts, China should regularly consider them. What's more, China
should embrace the concepts optimistically and openly. Furthermore,
China should have a sober awareness of its real strength, and the
distance between the U.S.' strength and China's position in the
current international system. It is time for the Chinese to bring
some new ideas in order to further the U.S.-China relationship."


2. FINANCIAL CRISIS

"It goes against common sense to speak for the American cheaters"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(01/12): "Americans are the most skilled and
frivolous people in the world, they not only spend their own money,
but they spend others' money, which they've borrowed. Finally, they
have reconciled to the financial crisis. Both Wall Street and the
U.S. have lost global credit. However, certain officials, including
Paulson and Bernanke, do not feel guilty for causing the crisis.
They have blamed others for the crisis. They do not criticize Wall
Street for mismanaging their money and cheating, but they criticize
those who lent the money to Wall Street. They are speaking for the
cheaters. The break out of the financial crisis is the collapse of a
fictitious economy. If Paulson says that the reason is the Chinese
people's high deposit rate, and that it is their fault because the
Chinese have lent money to the U.S., then where is the common sense
in the world?"


3. ISRAEL

"'Cast Lead' influences the Middle East's strategic situation"

The official intellectual publication Guangming Daily (Guangming
Ribao) (01/12): "Analysts think that the imbalanced confrontation
between Israel and Hamas and Israel's hegemony in this crisis brings
spiritual harm to the regional and Arab countries. The 'cast lead'
conflict will go beyond Hamas and Israel and will ignite a new round
of arms races in the Middle East. It is not a good sign for both the
region and the world. Last year Israel had a negation with Syria to
destroy the alliance of Syria, Iran, Lebanon and Hamas. But it will
be impossible for Syria to have a peaceful negotiation with Israel
after the 'cast lead' conflict. Turkey is being complimented by the
Arab media for their stance in the conflict. This conflict will
influence the relationship of the Arab and Western countries, the
relationships between the Arab and regional countries, the relations
within the Arab countries and, the relationship between the Arab
countries and Israel."

RANDT