BEIJING -- China's central bank has gone public with its critical views of problems in U.S. economic policy, particularly its deficit.
The statements of Li Ruogu, deputy governor of the People's Bank of China, mark a push-back by Beijing against public comments from Washington and other capitals about the need for China to uncouple its currency from that of the U.S. dollar, the Financial Times reported Tuesday.
"China's custom is that we never blame others for our own problem," he said. "For the past 26 years, we never put pressure or problems on to the world. The U.S. has the reverse attitude, whenever they have a problem, they blame others."
European and Japanese policy makers, with echoes from Washington spokesmen, have been urging China for months to uncouple its currency from the dollar and, therefore, help them bear the brunt of the dollar's decline.
Li insisted that although China was "gradually" moving towards greater exchange rate flexibility, it would not do so under heavy external pressure, particularly U.S. pressure.
