One News page Ltd.

One News page Ltd.

December 10, 2010 14:01 ET

Chinese Economy Too Dominant and Should Be Restrained, Finds New Survey

LONDON, UNITED KINGDOM--(Marketwire - Dec. 10, 2010) - The Chinese are not trading fairly with the rest of the world, finds a survey of over 1000 US and UK citizens.

According to the survey by news navigator, towards two thirds (62%) of the respondents complained that China was using its strong economic growth at the expense of other countries' economies.

In the third quarter of 2010, China's Gross Domestic Product (GDP) grew by an impressive 9.6%, compared to sluggish growth of 2.5% for the US, and a lowly GDP of 0.8% in the UK.

As a result of China's economic success, 67% of One News Page users worried that the British and the US economies would continue to suffer as a result.

Consequently, almost four fifths (79%) of the survey sample felt that China should be compelled to import more foreign goods.

And almost three quarters (73%) wanted the G20 to have forced China to allow its currency to weaken when it met at the Seoul summit last month.

The respondents were less certain about China's relative strength in the world going forward. Only just over half (51.3%) agreed that the world power balance had shifted permanently from west to east.

And as for the mighty US dollar's role in the global economy, 62% felt the dollar, not the Yuan, is still the world's safest currency.

Dr Marc Pinter-Krainer, CEO of One News Page, says:

"There was strong support from users for some form of control over China's economic strength. They clearly want China to take more US and UK exports, and they wanted the G20 to have forced China to weaken its currency. Given that the US, and particularly the UK, are both growing slowly out of recession and many people's livelihoods are under threat, these responses are understandable."


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