Business elite waver on China as threat, savior

Associated Press
Director General for China in the World Economy, Li Daokui speaks during a session at the World Economic Forum in Davos, Switzerland on Saturday, Jan. 29, 2011. More than two dozen senior officials from key economies will try Saturday to agree on whether to send a political signal that a new global trade deal can, at last, be completed this year as the World Economic Forum gradually comes to a close. (AP Photo/Michel Euler)
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The Western business elite can't seem to decide whether China is a savior or a threat.

Australia's Foreign Minister Kevin Rudd says "the alternatives should not be conflict or kowtow."

He spoke Saturday at the World Economic Forum, where nearly all the leading Western officials and executives have something to say about the world's new No. 2 economy.

Some are jockeying for greater access to China's markets, some pleaded for China to let its currency rise and allow more political freedoms.

Li Daokui, director of the Center for China in the World Economy, said the West needs a more realistic image of China and its immense challenges.

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