'Iran the only chance for Obama'

Source: PressTV
http://www.presstv.ir/detail.aspx?id=123237§ionid=351020101


Iranian President Mahmoud Ahmadinejad says that he has sent a letter to US President Barack Obama, the contents of which will be made public in the near future.

Ahmadinejad made the announcement in an interview televised live on Channel One of Islamic Republic of Iran Broadcasting on Tuesday night.

He said that Iran is the “only chance” for Obama to realize his change motto.

“What formula can he propose to make any development in Palestine that could be considered a victory for him and could strengthen his position in the US?” Ahmadinejad asked.

“He can't do anything in Iraq or Afghanistan either because the situation is so complicated there that he can't create a tangible change there that could be considered a victory,” IRNA quoted the Iranian president as saying.

Ahmadinejad also noted that Obama will not be able to improve the US economy through a miracle.

“Obama only has one way to tell the world that he has created change, and that is Iran,” he stated.

Ahmadinejad urged Obama to seize the opportunity and to desist from threatening Iran, saying, “The era that they assumed that they could damage Iran is over.”

“Thank God, no one can damage the Iranian nation any longer,” he added.

Ahmadinejad went on to say that Iran does not want confrontation and is seeking cooperation and negotiation with others.

China makes 'own decision' on trade disputes with US

Source: PressTV
http://www.presstv.ir/detail.aspx?id=122250§ionid=3510213


Chinese Vice Commerce Minister Chen Jian has said his country will make its own decisions on the foreign exchange policy.

"The Chinese government will make responsible and independent decisions on the foreign exchange policy based on its economic and monetary situation," Chen told reporters on Friday.

The Chinese official further rejected US accusations that the yuan is undervalued.

"This is nothing to be criticized. China's foreign exchange rate is not undervalued," he added.

US officials claim that the yuan is undervalued by as much as 40 percent against the dollar.

According to Chen, the yuan was not to blame for global economic problems.

"A disease in the head cannot be cured by treating the foot," he went on to say.

"The imbalance in the world economy is rooted in mistaken policies in some countries... and imbalances in the international monetary management system."

He made the remarks amid strains in the two countries' relationship over a number of issues including Taiwan and Tibet as well as trade disputes.