China calls trade criticism by Romney "irresponsible"

Related Topics

BEIJING | Mon Oct 17, 2011 4:42am EDT

BEIJING Oct 17 (Reuters) - China's Foreign Ministry said on Monday that attacks by leading U.S. Republican presidential candidate Mitt Romney on Chinese trade and currency practices were irresponsible, and urged him to stop blaming others.

Romney last week threatened trade sanctions against China if the world's No. 2 economy does not halt what he said was currency manipulation, unfair subsidies and rampant intellectual property theft.

Romney's tough stance comes as he has sought to stake out differences with President Barack Obama and tap into the U.S. public's rising concern over China's economic and military growth.

"We think that that sort of frequently blaming others, looking for scapegoats and even misleading the public, is an irresponsible attitude," Foreign Ministry spokesman Liu Weimin, Liu told a regular news briefing.

China's economic success over the last few years was because it was brave enough to face challenges and better itself without blaming others, he added.

In September, the official Xinhua news agency called Romney's remarks on the value of the yuan currency an "absurd" attempt to play on U.S. voter fears.

The former Massachusetts governor is leading the field of Republicans seeking the nomination to run against Obama in 2012.

China's expanding economy and growing global clout, its rapidly growing military which in 2011 unveiled both a stealth fighter jet and an aircraft carrier, and its human rights record all cause anxiety for American voters, polls show.

China has repeatedly said that the yuan's value is not a cause of imbalances in the world economy, and that it is committed to the gradual reform of the exchange rate as part of broader reforms to boost domestic consumption.

The U.S. Treasury Department said on Friday it would delay until later this year a ruling on whether China is manipulating its currency as Democratic Party lawmakers tried to overcome Republican opposition to a bill that would punish Beijing for its currency policies.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (2)
RWeaver wrote:
Typical China. They enjoy their trade imbalance with the US and will try to say things to reverse the blame. If I were making a lot of money off of someone and suddenly that person started to blame me for his financial problems I would do all I could to maintain business with that person and to make him think that my business practices were not the cause. China just doesn’t want to lose its biggest customer.

Oct 17, 2011 5:13am EDT  --  Report as abuse
the US should open up competing currencies, give up rampant corporate subsidies, and seriously consider the stupidity of many of our intellectual property laws before we lecture others. that’s not saying China is good, they aren’t. we are just slightly less bad.

Oct 17, 2011 12:20pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.