Source: DTN News - - This article compiled by Roger Smith from reliable sources By Keith B. Richburg Washington Post Staff Writer Monday, January 17, 2011"There is no denying that there are some differences and sensitive issues between us," Hu said in written answers to questions from The Washington Post and the Wall Street Journal. "We both stand to gain from a sound China-U.S. relationship, and lose from confrontation.''
To enhance what he called "practical cooperation" on a wide range of issues, Hu urged an increase in dialogues and exchanges and more "mutual trust." He said, "We should abandon the zero-sum Cold War mentality," and, in what seemed like an implicit rejection of U.S. criticisms of China's internal affairs, said the two should "respect each other's choice of development path."
Hu took aim at the international currency system, now dominated by the dollar, calling it a "product of the past." China has moved to make its currency, the renminbi, convertible on international markets, and Hu pointed to Chinese efforts to boost its use in trade and investment. But he cautioned against any suggestion that the renminbi, also called the yuan, might soon become a new reserve currency. "It takes a long time for a country's currency to be widely accepted in the world," Hu said.
http://defense-technologynews.blogspot.com/2011/01/dtn-news-intelligence-reportnews_17.html
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