Obama's race, youth welcomed in worried China

By Emma Graham-Harrison

BEIJING (Reuters) - China welcomed Barack Obama as a youthful president-elect with the energy to tackle the financial crisis now threatening its economy and an ethnic heritage that could help America reach out to the rest of the world.

Excitement about the billion dollar race filtered down to the streets of Beijing on Wednesday, where ordinary Chinese citizens who have never voted themselves and some who could not even name the candidates embraced Obama's message of change.

"The black guy is a good choice, he has so much more energy than the other one, who was far too old," said Han Xue, a new father who runs a small cigarette and alcohol store and followed the results on a television behind the counter.

The dramatic victory, in which Obama carried some states that had not voted for his Democratic party in decades, was a major boost to America's reputation.

"I am very happy U.S. history was made. I think in a lot of Chinese people's eyes America was a racist country, even today the television said that white people wouldn't vote for Obama," said Li Nan, a student at the Chinese Academy of Social Sciences.

"I think that a lot of Chinese will change their mind now."

But gathering economic storm clouds, which threaten to undermine decades of rapid growth, mean the economic policies of the next leader of the United States are almost as big a concern in Beijing as they were in polling booths across America.

"Obama may be more ideological and that could be less good for China in terms of trade," said Wang Hongtao, an Obama supporter studying for a doctorate at the Central Party School in Beijing, and following the results at an embassy election party.

Belt-tightening by U.S. consumers as their economy flounders has hit Chinese exporters hard in the "factory of the world," even though strict controls have protected its banks from the worst of the financial tsunami swamping foreign competitors.

"Officials say there is no impact, but you only have to look around to see that the crisis is already affecting us," said retiree and firm Obama supporter Yu Ze, during a break from a ping-pong game in a Beijing park.

"It's better to have a young person with the energy to handle this. We are a little worried about his position on trade issues, but we think his vice-president really understands China."

Obama's running mate, Joe Biden, is a foreign policy veteran, chosen partly for his years of experience.

TREAT US AS EQUALS

Many Chinese hope Obama's message of unity and respect, and his promise not to demonise China, will usher in a new era for U.S. ties with the emerging Asian giant.

"Obama needs to treat China as an equal, he needs to respect what we are doing and what we have achieved. Bush was too pushy," said 24-year-old English teacher Wu Shan.