From the Readers

Think beyond GDP

(China Daily)
Updated: 2010-03-31 08:21

Of late, we have seen and read a lot about the revaluation of the yuan and its possible impacts on China and the world economy. The West should not just look at the trade balance figure for short-term gains. The US is a much bigger economy than China and has been the champion of free trade that encouraged other countries to trade with it. Over time, the exporting countries developed and because of their financial discipline were relatively safe even during the global economic crises.

In fact, Western countries have a lot to learn from China and should come to a common understanding with it instead of blaming it for their domestic woes. This will pave the way for smooth relations for the good of the world economy.

It is time the world looked beyond GDP growth and tried to improve relations by understanding and helping each other, just as it did recently when massive earthquakes struck Haiti and Chile recently. After all, the world is one and countries should support each other for peace and harmony.

RNK Krishnan via e-mail

(China Daily 03/31/2010 page9)