Sunday, February 8, 2009

Chinese PM's Visit to London

Feb 3, 2009

Chinese Premier Wen Jiabao spoke about his country's approach to dealing with the global financial crisis in an interview with the London-based Financial Times.

Below are some of his remarks, which were published late on Sunday.

BIGGEST CONTRIBUTION

'Running our own affairs well is our biggest contribution to mankind.'

Mr Wen, on China's role in combating the global economic crisis

DANGER OF UNSTABLE YUAN

'Many people have not come to see this point...If we have a drastic fluctuation in the exchange rate of the yuan, it would be a big disaster.'

Mr Wen, on the need to keep the Chinese yuan stable

DON'T BLAME CHINA

'It is a ridiculous view...It is completely confusing right and wrong when some countries that have been overspending then blame those that lend them money for their spending.'

Mr Wen, on whether China's huge pool of domestic savings is to be partly blamed for the financial crisis

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