Obama blasts China

Published: 7/10/2011 at 09:45 AM
Online news:

President Barack Obama accused China of unfair trade practices that hurt the American economy as the US Senate advanced a bill to retaliate against Beijing for alleged currency manipulation.

Workers make various toys and games at a factory in Jinjiang, southeast China's Fujian province in April 2011. President Barack Obama accused China of unfair trade practices that hurt the American economy as the US Senate advanced a bill to retaliate against Beijing for alleged currency manipulation.

Obama, speaking at a White House press conference, stopped well short of backing the legislation and even worried it could violate World Trade Organization rules but delivered an unsparing assault on China's policies.

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: Writer: AFP News agency; Position: Agence France-Presse

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heartie
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Discussion 3 : 07/10/2011 at 01:18 PM3
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Obama is barking up the wrong tree here! American companies have been closing up their US based shops and outsourcing their manufacturing demand to many different different countries increasingly over the past two decades. Obama will not say anything about this root cause because he wouldn't dare bite the hand that feeds him.
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dao
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Discussion 2 : 07/10/2011 at 10:40 AM2
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Maybe the world should start analyzing this love affair we have with cheap Chinese made junk .
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ianprince
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Discussion 1 : 07/10/2011 at 10:10 AM1
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Is it a crime to make export goods cheaper?
Million of US household should be thankful of China to make ends meet.
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Obama blasts China | Bangkok Post: breakingnews