China must recognise global trade role:US

Posted: Tuesday, Aug 05, 2008 at 0013 hrs IST
Updated: Tuesday, Aug 05, 2008 at 0013 hrs IST

Font Size

Feedback

Discuss

Pranab to hold Chair at G-24 2nd time India makes global moves with trade talks meet Obama to unveil trade policy agenda WTO hopeful of progress in Doha talks

Washington, Aug 4: US Treasury Secretary Henry Paulson said on Monday China should accept greater responsibilities for its growing economic influence and he chided Beijing for what he called a protectionist stance in global trade talks.

In an opinion article written for Foreign Affairs magazine, Paulson also said China has made progress on allowing its yuan currency to rise, but further appreciation was needed to help it deal with rising inflation.

"As a country deeply invested in the global economic system, China would benefit from playing an increasingly proactive role in global economic decision-making," Paulson wrote. "And yet it seems to be doing the opposite in the Doha round of international trade negotiations."

—Reuters

More from International

G-20 splits on trading tax, but insists banks must foot bill of future bailouts Fat Wall Street bonuses return, top three banks set to pay $30 billion GE, Comcast agree on $30-bn valuations for Universal JV US House passes $1-trn healthcare overhaul legislation US trade gap widens, imports up: preview G-20 agrees on timetable for framework to promote balanced global economy MS cuts 800 jobs, completes layoff plan Microsoft CEO eyes Yahoo partnership outside US

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.