11/13/11

As China Currency Rises So Rises China

Obama raises economic rebalancing with Hu - ktla.com: "As part of a "rebalancing," U.S. officials would like China to let its currency rise, which would help make its exports more expensive and allow Chinese citizens to buy more imported goods. They argue this will help China shift away from an over-reliance on exports toward more domestic demand."

If China wants parity with other powers and the chance to help create a cooperative globe, it can follow President Obama's advice without seeing it as a matter of concession but of win-win. It can also join forces with Russia in turning the screws on genocidal Syria.


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