China’s Hu resists U.S. yuan concerns
Chinese President Hu Jintao urged an end to a “zero sum” Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.
Hu, who will visit Washington this week, struck an overall upbeat tone about ties with the United States in a rare written interview with two U.S. newspapers, the Wall Street Journal and the Washington Post.
“We should abandon the zero-sum Cold War mentality,” he declared, and “respect each other’s choice of development path.”
Hu suggested cooperation with the United States in areas like new energy sources, clean energy, infrastructure development, aviation and space.
He also reassured foreign businesses in China that Beijing would continue to improve laws and regulations affecting them.
And he spoke encouragingly about the outlook for resolving tensions on the Korean peninsula, an area of concern to both Washington and Beijing.