Obama says China must play by the rules
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Obama says China must play by the rules
OR ELSE we'll borrow more money from them ...
" (Reuters) - President Barack Obama used an Asia-Pacific summit on Saturday to push back against China's trade practices, insisting Beijing must stop poaching U.S. intellectual property and allow its currency to rise.
Obama, under pressure to create jobs at home and eager to highlight U.S. influence abroad, said an undervalued Chinese yuan was putting U.S. businesses at a disadvantage and a change in the currency policy would help the global economy. "
http://www.reuters.com/article/2011/11/13/us-apec-obama-ceo-china-idUSTRE7AC03220111113
" (Reuters) - President Barack Obama used an Asia-Pacific summit on Saturday to push back against China's trade practices, insisting Beijing must stop poaching U.S. intellectual property and allow its currency to rise.
Obama, under pressure to create jobs at home and eager to highlight U.S. influence abroad, said an undervalued Chinese yuan was putting U.S. businesses at a disadvantage and a change in the currency policy would help the global economy. "
http://www.reuters.com/article/2011/11/13/us-apec-obama-ceo-china-idUSTRE7AC03220111113
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