Worth a Look: China Trade Facts
Posted by jeckert on 12/01/2010
Here are some facts on the U.S.-China trade relationship that are definitely worth a look. Columbia Journalism Review's Ryan Chittum lays out the reasons why "it’s flat silly to tell people to 'stop the Beijing bashing!'" because "Beijing is manipulating its currency not “allegedly” manipulating it as [CNBC's Becky Quick] says. That makes our goods and services 40 percent to 50 percent more expensive than they should be to Chinese consumers. Conversely their goods are about 50 percent cheaper for ours than they should be."
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