China Lectures Paulson on the Effects of the Dollar Collapse

China le dá lecciones a Paulson sobre los efectos del desplome del dólar

December 13, 2007 (LPAC)--Chen Deming, China's Vice Commerce Minister, said that the falling dollar had pushed up the cost of imported resources and was a destabilizing factor for the world economy. Speaking on Dec. 12 at the opening of the twice-yearly meeting between ministers from the U.S. and China, Chen said, "What I'm worried about is the weakening dollar and its potential impact on global growth." Both Chen and Vice Premier Wu Yi earlier warned Finance Secretary Paulson, who is leading the U.S. delegation, that passing any of the anti-China bills now in the Congress would harm relations and harm the U.S. itself.

Zhou Xiaochuan, the governor of the People's Bank of China, added that "For China, what we worry about more is that very accommodative U.S. monetary policy could give rise to a new burst of excess liquidity in global markets."

On July 25th of this year, Lyndon LaRouche in a world-wide webcast, warned that "the end of the present world monetary-financial system were inevitable, unless that system were replaced by a new world system during a relatively brief, remaining time available." As typified by his subsequent Nov. 24 address to the Institute of Sino-Strategic Studies, in Los Angeles, LaRouche continues to stress the unique importance for China, along with the United States, Russia, and India, to play a leading role in that mission.

Here is a timeline of Lyndon LaRouche's recent activity regarding The USA and China.