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China’s Hu upbeat, resists US pressure on currency

Chinese President Hu Jintao (胡錦濤) urged an end to a “zero sum” Cold War relationship with the US and proposed new cooperation, but resisted US arguments about why China should let its currency strengthen.

Indeed, in a sign that the future of the US currency continues to concern the most senior levels of the Chinese government, he said the US dollar-based international currency system is a “product of the past.”

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US downplays Taiwan before Hu visit

The US will try to keep Taiwan as far down the agenda as possible during Chinese President Hu Jintao’s (胡錦濤) three-day state visit to Washington this week.

During a lengthy White House briefing on the visit, US National Security Adviser Tom Donilon detailed the main topics to be covered during all of Hu’s talks with US President Barack Obama and never once mentioned Taiwan.

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Newsflash

China Coast Guard vessels have been passing by Japanese-claimed waters for weeks in the East China Sea and China’s warships have been edging near Japan’s southwestern islands over the past few days, Japanese officials said.

A fleet of four China Coast Guard vessels on Thursday passed just outside of the territorial waters of Japan-controlled islands, which Beijing and Taiwan also claim, for the 49th day in a row, the Japan Coast Guard said.

It said it warned China’s vessels against further approaching the Diaoyutai Islands (釣魚台群島) — known as the Senkakus in Japan.