"And I explained to them as clearly as I could that the value of the Chinese currency is very important for manufacturers and workers in the United States."As if you can explain ANYTHING clearly, Mr. President.
As if the Chinese care.
As if they've ever demonstrated anything but contempt for your knuckledragging brutishness.
As if they've "solved" North Korea for you....they dumped it right back in your lap and we're no closer to what President Clinton had negotiated, much less what you claimed you were setting out to do.
Where does all this come from? Read this.
BEIJING (Reuters) - Washington and Beijing will cooperate toward making the yuan's exchange rate more responsive to market forces of supply and demand, visiting U.S. President George W. Bush said on Sunday.As John at Americablog puts it, China has played this gambit brilliantly. They've also played Bush like a cheap violin.
China revalued the yuan by 2.1 percent in July and cut it loose from the dollar so it could float within tightly managed bands. But since then, to Washington's frustration, China has let its currency rise only a further 0.33 percent against the dollar.