Tuesday, January 5, 2010

China rejects report its growth caused financial crisis

By China.org.cn

A Chinese Foreign Ministry spokeswoman Tuesday rejected a British newspaper report that its development led to the world financial crisis.

"Whether the world economy develops or not does not rely on one certain nation, but needs the joint efforts of the whole international community, " said Jiang Yu at a regular press conference.

The report in the Guardian on Sunday said some economists claimed "China's emergence on to the world stage brought with it a key reason for the global economic meltdown between 2007 and 2009."

Jiang said when economic crises occurred in Latin America, east Asia and Russia, Western economists attributed it to these countries or regions themselves.

"The current crisis obviously originated in developed countries in the West, but these economists laid the blame on other countries rather than on their own," she said.

Jiang said China's economy had integrated into the world economy in all aspects as a responsible member, and China would continue to strengthen cooperation with the international community to contribute to the sustainable development of the global economy.