China Banking Regulatory Commission
Although the election of US President Barack Obama in 2008 created positive reactions in China and a temporary increase in favorable views of the U.S, it also signified a shift in American foreign policy towards the country, as then Secretary of State Hillary Clinton called for a "Pivot to Asia", or rebalancing of U.S, strategic and economic interests in East Asia, specifically freedom of navigation patrols in the South China Sea. This move was widely seen as attempts to counter Chinese interests in the region, and in response, the Chinese military began their own buildup in the region, such as the creation of its own Air Defense Identification Zone. Recently, in 2009, Luo Ping, a director-general at the China Banking Regulatory Commission, criticized America's laissez-faire capitalism and said that he hated America when the United States Treasury would start to print money and depreciate the value of the U.S. dollar, thus cheapening the value of China's purchase of U.S. bonds. Furthermore, China's leaders present their country as an alternative to the meddling power of the West. In 2013, 53% of the Chinese surveyed had an unfavorable view of the U.S., which slightly improved in 2016 where 44% of those surveyed had an unfavorable view compared to 50% expressing a favorable one.