Obama talks trade with Xi, says China needs to "play fair"
The Washington Times reports that during President Obama's meeting with Chinese Vice President Xi Jinping, he stated that China "needs to play fair in international trade":
“With expanding power and prosperity also comes increased responsibilities,” Mr. Obama said in his first meeting with Mr. Xi, the likely future Chinese president. “We want to work with China to make sure that everybody is working by the same rules of the road when it comes to the world economic system.”
The Times quoted Alliance for American Manufacturing (AAM) Executive Director Scott Paul, who said:
“Unless Xi knows that our government will not stand idly by as China continues to [flout] its obligations on trade and currency, this visit will be nothing more than a glorified photo-op,” Mr. Paul said in a statement. “China’s mercantilism — and our government’s indifference — helped to hollow out our manufacturing base over the past decade, taking jobs and wealth with it. We will never lay the foundation for the President’s ‘Built to Last’ economy unless we insist that China play by the rules, and face severe consequences if it does not.”
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