'China's economic responsibility' theory irresponsible
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2. "Responsibility for the foreign exchange rate," "responsibilities of a trade surplus economy," "responsibilities of a creditor country," "responsibilities of a major energy consumption country" "responsibilities of a major carbon dioxide emissions country," among other responsibilities.
The "China's economic responsibility" theory appears to be a "rigorous" system and is quite likely to make China synonymous with "responsibility."
The aforementioned "responsibility" remarks are stereotyped. What do the actual facts look like?
China has maintained a stable RMB exchange rate at a rational, balanced level, which itself is a positive contribution to the world economy. China has furthered the reform of the RMB exchange rate formation mechanism, expanded the flexibility of the RMB exchange rate and continued to improve the managed floating exchange rate system in order to secure the general balance of the international payments and the stability of the financial market.
China's trade surplus has largely reflected the changes in the international division of labor and the trade structure and resulted from the deepening of the government-driven international division of labor among industries in the process of globalization. China does not intend to seek a trade surplus, but rather accelerate the pace of transforming its economic development mode such as changing the foreign trade growth mode and promoting foreign trade to develop in a balanced and sustainable direction.
China is the largest creditor of the United States. In fact, people have to worry about the responsibilities of debtor countries rather than creditor countries. China has reason to be concerned about the safety of its external assets and ask related debtor countries to maintain their creditability and keep their promise.
Some countries around the world are in debt; they always rely on premature consumption and when they have problems and go bankrupt, they are accustomed to blame those who work hard and are thrifty. Chinese netizens always say, "The black sheep blames the honest man."
China's per capita energy consumption and carbon dioxide emissions still stand at a relatively low level in the world. However, China has taken strong policies towards the problems of energy and climate change. China will cut its carbon dioxide emissions per unit of GDP by 40 percent to 45 percent by 2020 from the 2005 level, and the proportion of renewable energy sources and nuclear energy in the primary energy consumption will also rise to 15 percent.
On the major issues that relate to the prospects of the world economy, China has already declared its principled position, made a strong response against irresponsible "China's economic responsibility" theory through responsible actions.
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