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Larry Downing / Reuters
U.S. President Barack Obama speaks at his news conference at the conclusion of the APEC Summit in Honolulu, Hawaii.
Obama to China: Oh grow up.
China to Obama: You're not the boss of me.
You can ignore the recent tough talk between the world’s two economic, military and political superpowers. The economies of China and the United States are so tightly joined, the two countries have no choice but to remain the world’s largest trading partners.
There’s nothing like the threat of a global recession to raise the kind of trade tensions that prompted President Barack Obama’s high-profile scolding of China this weekend for tipping the scales of international trade in its favor. Even as the presidential campaign heats up the political rhetoric on trade, both sides in the U.S.-China trade relationship just have muddle their way through.
“We largely have the same interests,” investment guru Warren Buffett told CNBC Monday. “So it’s not in our interest to start getting really furious with each other. There will be tensions. We'll want to play the game our way, and they'll want to play the game their way. And we'll both have to give in some cases."
The rules of the game of global trade -- and whether or not China plays by them -- were the subject of tough talk from the president at a meeting of world leaders Saturday in Hawaii as he began a nine-day swing through Asia to promote trade.
In a session with business executives, Obama said it was time for China to "play by the rules" of global trade and called on Beijing to act like a "grown-up" instead of trying to position itself as an emerging economy. China’s huge trade surplus, Obama said, "throws the whole world economy out of balance."
Chinese officials quickly shot back, saying it was not inclined to play by rules it has no role in writing.
"First we have to know whose rules we are talking about," Pang Sen, a deputy director-general at China's Foreign Ministry, told a news conference not long after Obama spoke. "If the rules are made collectively through agreement and China is a part of it, then China will abide by them. If rules are decided by one or even several countries, China does not have the obligation to abide by that."
Western economies have long argued that China not only breaks the rules, it also tips the entire playing field by artificially undervaluing its currency to give its exports a boost. Obama cited analysts who estimate that the renminbi is undervalued by 20 to 25 percent.
For their part, Chinese leaders point to a revaluation, begun in 2005, that has boosted the renminbi’s value in dollar terms by nearly 30 percent (including a two-year freeze after the financial Panic of 2008). Letting the currency appreciate any faster, they argue, would risk adding fuel to an already worrisome inflation rate, dampen Chinese exports, force factories to close, raise unemployment and spark wider social unrest.
Obama, fighting to keep his job for another term, is feeling political pressure at home to talk tough with China.
With demand from domestic consumers weak, U.S. businesses are eager to get better access to a rapidly expanding Chinese middle class of 300 million people eager to buy western products. A Reuters poll of executives found that more than 40 percent see rising consumer spending power in Asia, especially in China, as their single biggest growth opportunity. But Obama made clear he is hearing complaints from executives about difficulties in gaining fair access to China's markets and about protecting intellectual property.
“Enough is enough,” Obama told reporters Monday. “Companies that do business in China consistently report problems in terms of intellectual property not being protected.”
China is the United States’ third largest trading partner, behind Canada and Mexico, with roughly $450 billion worth of goods moving between the two countries. But the flow of goods remains badly lopsided: the U.S. imports roughly four times the dollar volume of goods from China as it exports back into that market. But the Chinese market is growing more rapidly; U.S. exports to China rose 32 percent in 2010. China is the largest buyer of U.S. farm products and a major market for U.S. manufacturers of aircraft, heavy equipment and machinery, and electronics.
The western world is also looking to China, which now sits on the largest pile of export-fueled foreign reserves in the world, to step up and lend a hand resolving the widening financial crisis in Europe. As European leaders scramble to head off defaults by weaker, debt-swamped economies like Italy and Greece, they’ve been unable to overcome political gridlock to raise the funds to backstop those debts. Unless that gridlock is broken, European banks holding Greek and Italian bonds face heavy losses if those governments default on their debt. The total tab could come to 4 or 5 billion euros.
But so far, Europe’s Central Bank, the ECB, has been opposed to the kind of “easy money” policies employed by the Treasury and Federal Reserve when the Panic of 2008 threatened U.S. banks.
China clearly has a dog in this fight. The eurozone, as the world’s second largest consumer market, is one of China’s best customers. So far, China has made clear it wants no role in any European bailout, most recently at a meeting of the 20 largest industrialized countries in Cannes, France.
Chinese officials have also made clear they believe the current crisis is entirely Europe’s own making. They say it's the result of “the accumulated troubles of their worn-out welfare societies,” according to Jin Liqun, head of China Investment Corporation, one of the sovereign wealth funds European leaders have been hoping would support of a financial backstop.
“Labor laws are outdated, the labor laws induce sloth, indolence rather than hard working,” Jin said in a television interview with Al Jazeera. “The incentive system is totally out of whack.”
Much as its economy and financial systems are deeply linked with the U.S., China can ill-afford to watch Europe sink deeper into recession and financial turmoil. But it can only play a supporting role in helping the eurozone get back on its feet.
“The solution must come from the eurozone,” said Didier Borowski, head of strategy and economic research at Amundi, a Paris-based investment manager. “If we had a lender of last resort, no doubt the sovereign wealth funds and private investors would be keen to invest in sovereign debt securities. But without that role for the ECB, we should not expect China to play that role. It doesn’t make sense. They can only help.”
Warren Buffett, Berkshire Hathaway chairman/CEO says the relationship between U.S. and China will be bumpy at times, however the two countries will align interests over time.
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Both sides have to grow up. Work together to develop the rules or this is just a case of "acting tough" for the voting public.
China has made it clear that they intend to continue to artificially depress the value of their currency in order to keep their economic growth going, even if it tanks the economies of the rest of the industrialized world. It is time for the US and other industrialized nations to institute punitive tariffs on all Chinese imports until such time as China starts behaving like every other industrialized nation and allows the value of its currency to float on international exchange markets. The artificial depression of the value of their currency not only makes their exported products cheaper, it makes imported good far more expensive and reduces the buying power of their people for imported goods. It is a de facto protectionist policy designed to effectively subsidize domestic manufacturers, giving them and unfair edge on external competition. The US and the rest of the industrialized world can not allow this to continue any longer, permitting China to rack up huge trade surpluses through unfair competition. It has created a massive trade imbalance that threatens the economies of every one of China's trading partners. It is time to take the gloves off and level the playing field one way or another. The problem is that I doubt that we will get anything more than rhetoric from Obama. He simply does not have the backbone to do what is needed.
Interesting to note how the Chinese are excoriating Europe for being socialists. They state that the Europeans need to get off the nanny state or else suffer the consequences. How truly ironic that a communist country is telling a group to be less 'communist.'
As to the trade deficit, please. 9% of our economy is manufacturing. Think we're going to re-tool and start making things here? It costs too much here. Why do you think CA hired a chinese company for the bridge rebuilding? They weren't subject to the same rules and restrictions that American companies have to work under and their taxation is far less than what is charged here. Common sense would say that as long as 'free trade' agreements proliferate the disparity will continue. Obama just gave billions to companies in other countries and now he wants to play the blame game?????
tough talk won't work with china , it never has and never will .
they have been screwing us and laughing at us , we just keep
dealing with them on their terms.
And what would you suggest the "backbone" be JS in SD? China could care less what Europe and/or US think. It is a "Strong" Country in every which way and it's Communism. I think just about almost every country around the world owes China in some way...am I right?
I suggest we do nothing, we must let Warren Buffet & congress make their money. China is running sh*t, Not the US.
John Schoen, did you just figure this out? Our Imperial Congress loves Communism, anything to help line their pockets!
Oh, please. We're so far from communism that the mere suggestion that anyone in this country loves communism is laughable. If Congress loved communism so much, you probably wouldn't have the right to speak your mind on the Internet.
Just because we're not as far right as you or many wish we were doesn't mean we're ANYWHERE close to communism. Don't stomp over the English language like that, please, and read the definition of the word "communism" so next time you don't make a fool out of yourself
I must clarify, when I said "anyone in this country" I meant anyone in Congress. Poor choice of words on my part. Obviously some people love communism in this country, which is just outrageous but oh well.
Arifelife: Simply points out the facts. That you AndresTM deny it , is your choice.
Congress encouraged exporting production to China , when big money was to be made. The corporations love China and we are gradually becoming China. Or did you miss the current rejection of our right to peaceably assemble? Or did you miss what the so called Patriot Act does to the Constitution. You have leaders on BOTH the Right and Left embracing China. Only difference is that the Right likes to call anyone who opposes them socialists or Communists.
If you need any proof Arifelife is right. Simply look to the Communist nations the Congress still hates. Try Cuba, we can't get rich off of them. In fact normalization will cost tourism dollars for Florida. They will have to remain EVIL Communism. Then there's dirt POOR North Korea, China's puppet. They are evil side of China personified in a neighboring puppet nation. They are what you will see once China decides they are strong enough to take Taiwan , and nationalize our traitorous US corporations assets.
Obama's tough talk is nothing but campaign chatter. During the 2008 campaign he claimed he would renegotiate NAFTA, and then sent an aid up to see the Canadian Prime Minister to say that he would do no such thing, it was strictly to play to certain voters.
It is? see comment #1.2... and then see if that is campaign chatter or something that has been building for many years... sigh.
For once I totally agree with Peter17. Obama in his first campaign preached going after China. He roared like a lion in the campaign and meowed like kitty cat once elected.
The right can't really call him on it. For they have a history of supporting COMMUNIST CHINA for monetary reasons. It's about the only bi-partisan thing Congress does.
Well Warren Buffett you got that right. We want to take all our business to a democratic republic, like India. Wage rates are less there and they are FAIR TRADERS. Red China can play the game any way they want after all our business moves to India.
God save the Queen.
Obama's rhetoric is ten years too late. Thanks to treasonous corporations and a corrupt U.S. political system, China is destined to be the world's next superpower. Better brush up on your Mandarin.
SUPERPOWER CHINA!! If I remember well, I started learning MANDARIN December 2005..!! (I only hope they'll abolish capital punishment as soon as possible!)
As U.S. and European consumer power falls off the planet, China will feel the sting just as badly. Make way for the New World Order...
Do what Nixon did. Cut off China the way we cut off France. Increase import fee's 1000%.
and exports too.
All talk, no walk. That is Barack Hussein Obama. How times have changed. I remember MSNBC used to suspend me in 2008 for using the man's middle name.
OBAMA= Campainer and chief complainer. The Boy messiah has no Ideal in his
head how to bring back U.S manufacturing Jobs .and thats because he just don't
care. He is a sham and a fraud And I hope the african americans in are country
soon realize that, Then we can come together in true brother hood.
I would LOVE to hear your ideas about how to reign in China. China will always tell the US to suq it; no matter who is in power. Tell me great Road Warrior how any president can do anything to force China, the only remaining superpower, to bend. The days of the US and Europeans telling the world what to do are over. BRIC is the future. I hope you like noodles, curry and/or grilled meat. Still waiting ...
How about we make stuff here in the U.S? Manufacturing made this country great. Until we rebuild the manufacturing base, this country is doomed. That is the ONLY way we can get out of this mess.
problem is the citizens will still go looking for the cheaper Chinese option..
I would rather spend a little it more extra money buying something made here-especially toys. China is not reliable in making things that really are safe for us-see how many recalls their are for foreign made products to those made here.
The only way we will compete is to go to a national sales tax, eliminating all other taxes. This way when something is bought from china the same taxes are paid for our citizen to have health insurance, retirement, unemployemnt benefits, national defense and food stamps. Do this and we can compete with china.
Look at Levis web site. 501's made in Asia run $40+. 501's made in USA run $80+. Now which one do you think they sell more of? It's much more than the Fat Cats on Wall Street BS. Our society over the years has priced ourselves right out of the market. There is no politician or party that can reverse that....Dong Work is correct. It's ourselves who look for cheap!
Forcing people to buy every type of insurance under the sun while letting insurance companies go unregulated doesn't help. Adding stupid taxes to everything and enforcing strict environmental standards on our production methods, put us at more of a disadvantage as well. All imported goods should be taxed to the point that our production jobs aren't stressed by slave labor or other unethical production methods. All of our exported raw materials should be taxed as well. That way we can maximise the benifits of manufacturing here in the U.S.A. and create the jobs that we need to maintain a steady and healthy economy.
MikeS : Check your post: If it is correct. Then they charge double for the U.S, item. But the Chinese worker makes FAR LESS than 1/2 of a American workers wages. So the U.S. Company is ripping off the U.S. consumer BIG TIME.
Wages and content wise the Chinese made item should be less than $10.00 . We're talking GREED on a huge scale.
If the item had been priced in relation to it's cost to produce. Then the U.S. consumer would have $70.00 to invest, buy a U.S. product, save, or apply to their mortgage. And our economy would have expanded. Pure, but not criminal, Greed.
Scar.....all you say may very well be true, but it has nothing to do with the fact that Americans, in general, look for cheap.
Obama - blah, blah, blah BS, as usual. What a loser!
kiwijapan.. is a loser
Obama is full of hot air. The Chinese could pull the rug out from the US tomorrow if they chose to. They are the biggest buyer of our governments debt. The situation is a disgrace.
no they aren't
I think ALL foreign investment in our debt is under 30%. US agencies are around 50%
Actually the Chinese are the largest foreign buyer of American debt (16%). But US corporations and US citizens still own most of the US debt. However, your point is well taken - they could refuse to buy our debt. However, then we would refuse to buy their products. So it is somewhat of a Mexican standoff. The Chinese do not have a large enough middle class to purchase the products they produce in enough quantity to sustain their own economy. But I do find it interesting that so many people seem to think socialism is bringing us down when it appears that China (which is actually communist/capitalistic) is used as an example of country doing well.
14 trillion dollar debt.... hmmmm, sounds little since its such a small word.. 14 trillion..... Lets think about it as a pile of money instead... A little math.. A dollar is 6" long... Convert the total dollarsto feet, then into miles. The total is ... 1,325,757,575 miles long.... That's a pretty big pile considering that's half the distance to PLUTO... That pile goes from here to the moon 5,524 times... And when you think about it like that who gives a crap if you "only own 30%" of that pile.... 99% of the pile is consolidated in 1%s hands... I can remember when Clinton came to office the wall street journal said it was in 3%s hands...It used to report this study every year and I had thought wow 3%,, thats not good... When he left in 2000 the pile had grown larger still and the WSJ said it was in 1 % hands... During Bush they just stopped reporting it all together... Our problems are linked to central banking.. Elect Ron Paul so we can get back to a sound currency.. IT IS THE PROBLEM... We do not need to take on all these other candidates views of ISOLATION...It will only lead to WORLD WAR 3 ... History repeats if you do not pay attention...
China is indeed the largest debt holder for the US at about 1 trillion. Japan is next at about 900 Billion. You're right there only.
China COULD NOT and WILL NOT pull the rug out from under us, and if they did.. they would lose the about 200 billion in trading with the US, do your homework before posting..
Like two-wild women seeing $$$$$ signs in their eyes..note; NOT the majority of women..........
How can we ever compete with China where they don't have EPA, OSHA, PETA or unions?
we could easily if people would stop buying cheap foreign crap.
And therein lies the problem. China is free pretty much to churn out products with little built in fixed costs that the US keeps ratcheting up on itself. The regulatory agencies during the Obama years has grown by 16 percent. The GDP has grown by 5 percent. It is no wonder there is a collision. The idea of actually making government agencies ENFORCE the existing regulations is a concept the liberals do not understand. They understand bogging down commerce in the US with more and more layers of bureaucracy. Is it working? NOPE and so expect things to get worse for us until we change.
Give me a break The Boys, Liberals don't understand?? Since when have Republicans ever done anything but promote more and more FREE TRADE?????? All lies from both Damn parties who don't give a damn that 58,000 manufacturing plants were closed in the last ten years.....
Obama is on an 8 day swing right now to promote Asian trade. Who is going to loose their job next.
The solution to outsourcing is better regulation not less. If we forced our public owned corporations to pay our minimum wages wherever they go that would bring back jobs and show a little regard for workers.
In fact our government gives special treaties, tax breaks and all possible aid to outsource for slave labor.
China is not the problem our government and our corporations are.
When the the CEO of Disney made 600 million in salary and God knows what in bonuses he had children in Haiti working for 12 cents an hour. This is the insane greed and evil that is destroying America.
If we don't force change the pigs will soon have us in depression and chaos.
As time goes on the price of goods will level out from China but will shift to other slave labor countries. Labor unrest will follow. That is what brought down USSR or does anyone remember. No one likes working for slave wages but one does what they have to do to exist.
ABOLISH representative democracy Which is a very foolish way to run a goverment. It's what I call the "back door bribrary system" it is extreamly
costly because the goverment gives funding to everyone to have them act a certain way. It's the do this or else system.
Nice little sidestep to the Emancipation Proclamation. China is the new slavemasters, and Abe Lincoln is turning in his grave. Corporations are disgusting.
Legal and Illegal Immigrants won't have to work for America much longer...Americans will have to slave/work for China soon. Because, the thieves that have been and are continuously stealing from America are the ones at the Top not the ones at the bottom.
No it won't cause dumb ass Americans want their cheap crap and are more then willing to pay for it..
Unlike the majority I go looking for Americans made goods, and I refuse to shop at Walmart, Cabellas, target, etc... because they do major business with communist China..
but the majority don't care
Hey name names because only thing around for 95 miles from my house is Wal-Mart and I've searched every shelf, every product, not 1 single product is USA made.Hard to support your country in this, if you can't find USA products to buy.So put up a list of every store that actually carrie's MADE IN THE USA and I'll definately buy there!@!$%# CHINA AND @!$%# THE CORPERATIONS, that sent the jobs away! srry for the language but I thought it fit the statement best
All you have to do is google American made. It is not that hard. You are going to pay a little more, but the long term benefits are worth it. Just buy less. Who needs 10 cheap tshirts from tawain when all you really need is 2 or 3.
Western countries should add tariffs on chinese products until they smarten up. And by the way who want chinese crap anyway I check everything I buy to see where it is made japanese and european products are far more superior and you dont have to keep replacing them.
I work in retail. Take Lufkin tape measures they are made in China, but the box says made in the USA. How do they do this a fellow who's dad retired from Lufkin informed me that the tape measures come wrapped in bulk from China they unwrap them and put them in boxes printed in the USA. Thats how you get fooled. Hire on for a major retailer and see what goes on it will blow your mind. The damn stuff is made in China and customers still ask me when is it going to go on sale? Don't believe me like I say hire on at a major retailer just for the holidays.
We need to bring back
BUY AMERICAN
Actually doing that is hard but if it becomes a grass roots movement we can make a difference. WE are the buyers of their stuff. I pledge to stop doing that every chance I can now and asking retailers about it. If they see me not buy because it isn't American maybe THEY'LL start doing something about it too.
BUY AMERICAN.
BUY AMERICAN, CHECK OUT BUDDY ROEMER FOR PRESIDENT
American consumers really have lost the American-made choice in much of what is offered for sale. We often pay more now to even get Chinese-made because there is so little competition. It is why corporate profits are so high and why they will fight to keep the gravy flowing their way. Beware of who says they are for jobs in America!!!!!
Quality is often times the issue. For example, a Chinese-made plumbing fitting failed at my daughter's townhouse and ruined her new floor. No American made replacement was available locally. We wonder when it will fail again and if she will be home to shut off the water. How much is a quality plumbing fitting worth? Here was a situation where a quality choice was clearly worth the higher price but wasn't even available. There are millions of these time bombs waiting to surprise us and no one will be responsible for the loss but ourselves.
There has to be a way to get quality American companies back giving us quality products that they stand behind. I always look for American made first and am angered by lack of choice. I'd rather do without. I will look for candidates who express the will to trade FREE-TRADE for FAIR-TRADE. ZEEK
Like I said previously, I work in retail the only toilets made in America are Kohler, but customers want cheap commodes. When they ask why Kohler, I tell them they are the only ones still made by a bunch of union guys in Wisconsin. But they still want cheap.
Wake Up! International Trade Policy is not Rocket Science. The United States of America has always been the World's Innovator in World Trade Negotiations. The current Foreign Trade Failures were caused not by China;s Brilliance but by a combination our own Greed and Stupidity. Americans ignored the first Principles of foriegn trade. The first principle is "Reciprocity" or to the Uneducated, "What ever you do to me I do to you". This policy worked up too the 1950's and made the US a most powerful Industrial Country. Then we forgot about our country and workers, who made the dream of the world. NOW IS THE TIME TO RETURN TO FIRST PRINCIPLES BEFORE IT IS TOO LATE1
RECIPROCITY IS THE WAY !
Our government is owned and corporate profits mean more than the people they are elected to serve. It is become quite evident that banks, wall street and big corporations run America. It is equally evident they the pigs are destroying our country.
Millions in the streets may be our only hope.
Can someone on here tell me why the damn unions keep voting for the democrats? Say all you want about the Republicans and big business but what has the democrats done for the unions? Bill Clinton signed NAFTA, now the ding-a - ling in the whitehouse is on a 9 day Asian tour looking for trade deals, wake up union voters.
Yo Sam,
Why???? Need you ask? Union hate for the Grand Old Party goes back a long way. The GOP is a party that excludes certain people, certain groups, and certain political affiliations. Unions don't fit into the GOP agenda.
This sounds like a personal opinion of the 'reporter.' I would greatly appreciate just giving me the facts and keeping your personal opinions to yourself. Just wondering, did you ask the President if this is his reason or is this just an assumption on your part. If I wanted this sort of reporting I would visit FAUX news.
A tariff on Chinese goods or other such actions would lead to a trade war. All parties across the world would suffer.
However, a grass roots effort by American citizens to unofficially boycott Chinese goods would achieve a better result. Of course, that requires Americans to give up on "cheap at any cost" purchases. Think "avoid Walmart and check labels on goods." Note: that "any cost" means Chinese sweat labor charging $5 per hour for low- and moderate-skilled jobs that Americans/Europeans would otherwise fill.
So, are we willing to buy fewer goods at higher prices in order to get an American back to work? How many $12 t-shirts do we need?
What product that you use or wear on a daily basis's is not made in China? The only one I know of is a Kohler toilet, and if yours is not then your having a body function using something that was made in China. How do you find a product that you use or wear on a daily base's that is not made in China, where do you look? I work in retail believe me its not as easy as you think. Like I have said hire on in retail, work a night shift stocking crew unload the truck and look at the damn address's on the boxes you are unloading.
If somebody is going to steal your idea, why do business with them. Even if there is the best price to do business there in China why would it be a good business move to go there where they will steal from you and do it themselves in the end and leave the middle man out. Because if you outsource then you become the middleman and eventually you get left out of the deal after a better price becomes available. There is no free lunch. If American business believes they can swim with the Chinese (who are all on the same team) and be the exception to the business models that have been burned, then not only are they stupid but naive too. The Chinese lure them in and learn everything they can, Then they make the US Corp.'s product inferior in material which falls apart. Then the Chinese come out with their similar product which is the same design and made from better materials at a better price. So who is smarter? I can't believe that our guys are that stupid. Our politicians, bankers and politicians better start looking out for the common guy or the whole boat will sink from being greedy. Just because the other guy is doing it and winning temporarily doesn't mean that you have to do it to. What ever happened to the land of the brave? You have to be brave in the business world too. Take a loss and stand by us instead of selling us out you Wal Mart type guys. Justify away it doesn't make it right for you or for us in the long run. By the way the Chinese are only winning because we let them and the worst part is the Chinese elite all think that America is working for them now. Thanks a lot you shot callers in America. I hope your shareholders are happy now that their kids are in debt forever. The Chinese are laughing at you. now go back to your trade alerts and short sales.
This is hilarious. Back in the 20th century when the US were forcing open free markets on developing nations which led to the destruction of infant markets in those developing nations, Americans were harping and praising free market. Now, when China is doing the same thing to the US, Americans are calling for protectionism policies against Chinese products. A bunch of hypocrites. You reap what you sow.
good point that most people (in the US) forgot
It's all corporate profits ladies and gentlelmen!!! If the corporations aren't making enough to build things here they are going to go for the most bang for my buck theory and that's all it is to it. Now my thinking is that's why we need a strong dollar and a nice corporate tax plan to incentivise them to start building here in America again. So what's the best way to do it??!! Get our debt under 10 trillion and pay China there money back as quickly as possible, cut the corporate rate to 25% and start a full fledge trade school intiative to get young men and women trained and ready to work within a two year period time without them recurring huge debts. That way the companies who say we have an untrained problem in the United States will be able to pick up hard working people coming straight from the class room into the work force. Again that's just my humble opinion.
China is in the right; politicians speak cheap and hollow words. Why should China change their strategy when the worst thing we'll do to them is say mean things? What is the next step, putting them in time out?
Sure Chinese is scolding american and european for their welfare programs aimed at the betterment of human life and civilization as a whole. There is some truth to that, and at least you're not going to find 2-year old getting run down on the street without nobody noticing it coz everyone is busy trying to build with their own welfare without government help.
Just one question. What to hell are You going to do about it Obama. Talk Yes that is right just Talk and try to get votes.
Obama needs to leave China alone, before something happens that he can't fix. When it's all said and done, there won't be any countries, except for Israel, being on America's side. This country thinks they own the world, when in fact, they can't even take care of their own. They have no business trying to run China. I don't care who you are.
Boy do I ever agree to that statement, the US has done allot more tipping things in favour of China, then has China itself could. When your own powerful companies and politicians turn against the main stream of population for the sole purpose of excess profit, you kill the desire to succeed in the people. Banks, insurance co., energy co., pharmaceutical co. hospitals and most politicians are destroying the country from the inside.