VoicesFromAbroad

Source:Agencies Published: 2012-10-14 22:45:05

The Washington Post

Two things seem certain in modern presidential campaigns: candidates will spend more time attacking each other than offering constructive alternatives, and one or both will attack China.

In 2004, John Kerry assailed "Benedict Arnold CEOs", and by extension their allies in President George W Bush's administration, for shipping jobs to China. Now, Mitt Romney is challenging President Obama by pledging that if elected he will "on day one" label China a currency manipulator, crack down on Chinese "cheating" on everything from intellectual property violations to trade practices.

More than ever, these attacks are counterproductive and distort a robust and ever more entwined China-US economic relationship.

The News International

US Treasury Secretary Timothy Geithner said Saturday the global economy was on the mend, but more needed to be done to stoke domestic demand in China and fix Europe's fiscal woes.

Geithner, in Tokyo for the annual meetings of the International Monetary Fund and the World Bank, said China needed to persuade its people to buy more.

"Progress toward strengthening domestic demand will be good for China, and good for the global economy. In a rapidly changing world, it is crucial that we continue to modernise," Geithner said.



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