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Regarding the original posting yesterday:
"(5) 希拉里：应联手反对中国操纵汇率. BBC Chinese, Oct 14, 2011.
http://www.bbc.co.uk/zhongwen/simp
/chinese_news/2011/10/111014_china_us_trade.shtml
My comment: The home page of US Department of State displays, front and center, the video of the entire address. But the transcript is not available yet."
Hillary Rodham Clinton, Economic Staecraft. US Department of State, October 14, 2011
http://www.state.gov/secretary/rm/2011/10/175552.htm
(remarks at Economic Club of New York, New York City)
Quote:
"we are putting a special premium on protecting freedom of navigation and a rules-based approach to resource development in places like the South China Sea and the Arctic Ocean.
"All who benefit from the rules of the global economy have a responsibility to follow them. Enough of the world’s commerce now takes place with developing nations that exempting them would render the whole system not just unfair but unworkable. And that would end up harming everyone. One example of just such an unsustainable approach is China’s currency policy, which does, in fact, cost American jobs, but it also costs Brazilian jobs and German jobs and other jobs, and it denies the Chinese people the full fruits of their own labor. China has been gaming the trading system to hold down the value of its currency to give its companies a leg up. It’s currency has appreciated, but not enough. And currency is just one unfair practice.
"And let me speak briefly about one barrier we urgently need to address, and that is the participation of women in the global economy. Because when half of the world isn’t invited, that makes a mockery of the ideal of free, open, and fair economic competition. According to the economists over the last decade, women’s increased participation in the global labor market in the developed world accounted for a greater share of global growth than China’s.
"Investment in both directions, backed by well-enforced rules, is vital to creating growth and jobs here at home. For example, last year, the Kentucky-based company that owns KFC and Pizza Hut, two iconic American brands, actually made more money selling pizza and fried chicken in China than in the United States. But this creates jobs at headquarters in Louisville and it creates jobs as well in China. When Tom Friedman warns that the Chinese will “eat our lunch,” I’m not sure that’s what he had in mind. (Laughter.)
"My fourth point is that we also confront a special set of strategic challenges from the growing wealth in state hands today. Governments are entering markets directly through their cash reserves, natural resources, and businesses they own and control. And they are shaping these markets not just for profit, but to build and exercise power on behalf of the state. Now, there is nothing new about countries using economic power to force others to bend to their will. But today the resources at their disposal are unprecedented, and interconnected global markets present new avenues to deploy them. * * * And increasingly, state-owned and state-supported enterprises operate not just in their home markets, but around the globe, sometimes in secrecy, often lacking transparency and accountability that would come from shareholders and regulatory schemes and boards. We also see hybrid companies masquerading as commercial actors, but actually controlled by states and acting with strategic consequences. The dividing lines just aren’t clear anymore. When states participate in markets directly or through the companies they own and control, their behavior is often benign * * * sometimes, but not always. We also see states bullying their neighbors. For example, national oil companies [of Russia] tightening gas supplies in the dead of winter. Or they [of China] restrict access to critical minerals after a dispute.
"We welcome the rise of the BRIC countries. We welcome the rise that we see happening in Asia. Because remember, our export trade with the Southeast Asian countries is actually still greater than our trade with China. So we have a big investment in growing these economies and seeing middle classes develop, consumers develop.
Note: The "欺辱" in the BBC report is "bullying"--in the penultimate quotation.
【 在 choi 的大作中提到: 】
: VOA Chinese, Oct 14, 2011.
: http://www.voanews.com/chinese/news/20111014-China-Russia-Space-Cooperation-131852523.html
: ---------------------------------Separately
: (1) 布鲁克, 普京访华成果不如预期. VOA Chinese, Oct 13, 2011.
: http://www.voanews.com/chinese/news/20111013-RUSSI
: (以下引言省略...)
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发表于 10-14-2011 11:25:58
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