US embassy cable - 09BEIJING1134

MEDIA REACTION: U.S.-CHINA-JAPAN RELATIONS, U.S. POLICY, CHINA'S GOLD RESERVES

Identifier:	09BEIJING1134
Origin:	Embassy Beijing
Created:	2009-04-28 08:23:00
Classification:	UNCLASSIFIED
Tags:	OPRC KMDR CH PREL ECON
Redacted:	This cable was not redacted by Wikileaks.

VZCZCXYZ0000 RR RUEHWEB  DE RUEHBJ #1134 1180823 ZNR UUUUU ZZH R 280823Z APR 09 FM AMEMBASSY BEIJING TO RUEHC/SECSTATE WASHDC 3690 INFO RUEHOO/CHINA POSTS COLLECTIVE RHMFIUU/CDR USPACOM HONOLULU HI 

UNCLAS BEIJING 001134    DEPARTMENT FOR INR/R/MR, EAP/CM, EAP/PA, EAP/PD, C  HQ PACOM FOR PUBLIC DIPLOMACY ADVISOR (J007)  SIPDIS    E.O. 12958:  N/A  TAGS: OPRC, KMDR, CH, PREL, ECON    SUBJECT: MEDIA REACTION: U.S.-CHINA-JAPAN RELATIONS, U.S. POLICY,  CHINA'S GOLD RESERVES    --------------------    Editorial Quotes  --------------------    1. U.S.-CHINA-JAPAN RELATIONS    "China and Japan should alleviate the U.S. influence in their  countries' future development"    The official Communist Party international news publication Global  Times (Huanqiu Shibao)(04/28): "The Japanese Prime Minister will  visit China soon. This brings attention to the development of the  bilateral relationship between the two countries. The two countries  have both developed independently. China is gradually moving past  the 'American conceptual restrictions' that exist in the country,  especially after the results of the financial crisis.  China's  de-Americanization is gaining speed.  Japan's de- Japan's  de-Americanization is speeding up as well.  Japan is likely to  discard the U.S. completely and take steps closer to its East Asian  neighbor countries. The U.S. should not encourage Japan to develop  its military strength. U.S. interference will be an important factor  to overcome if China-Japan relations intend to develop maturely.  China should change their old thinking that U.S.-China relations are  more important than China-Japan relations. In fact, the significance  of the China-Japan relationship has also globalized, and is not  limited to Asia. China and Japan should seek more breakthroughs in  global cooperation. The two countries should contribute more in the  development of the world."    2. U.S. POLICY    "Obamaism is not yet fully formed"    The China Radio International sponsored newspaper World News Journal  (Shijie Xinwenbao)(04/28): "Obama has just become president. During  his first 100 days in office, the concepts of Obamaism have  frequently appeared. Obamaism is characterized by the fact that the  Obama administration is aware that the U.S. cannot solve so many  international issues by itself.  It is very different from Bush's  cowboy diplomacy.  However, Obamaism hasn't fully formed and it is  facing challenges. People doubt that Obama will make any  breakthroughs in the core strategic interests and values of the U.S.  It is doubtful that he will give up the country's long-term pursuit  of hegemony. Obama once stated that he would reshape the global  leadership of the U.S. This shows that the U.S. does not intend to  be an equal partner in international communications. The U.S. also  struggles with the variant nature of its policies. One can gain  insight from the U.S. Cuba policy. However, people can still be  hopeful."    3. CHINA'S GOLD RESERVES    "China increases its gold reserves in order to kill two birds with  one stone"    The China Radio International sponsored newspaper World News Journal  (Shijie Xinwenbao)(04/28): "According to China's National Foreign  Exchanges Administration China 's gold reserves have recently  increased. Currently, the majority of its gold reserves have been  located in the U.S. and European countries. The U.S. and Europe have  always suppressed the rising price of gold. They intend to weaken  gold's function as an international reserve currency. They don't  want to see other countries turning to gold reserves instead of the  U.S. dollar or Euro. Therefore, suppressing the price of gold is  very beneficial for the U.S. in maintaining the U.S. dollar's role  as the international reserve currency. China's increased gold  reserves will thus act as a model and lead other countries towards  reserving more gold. Large gold reserves are also beneficial in  promoting the internationalization of the RMB."      PICCUTA 

US embassy cable - 09BEIJING1134:

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