WHUT (Howard University Television)
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Oct 14, 2011
10/11
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and china and how that would... china would be hurt more than the u.s. i don't think that's the case, either. because you can't simply look at it as a simple two-sided equation. these economies are intertwined as they are with the rest of asia. and if you start slapping large tariffs on chinese influence, it will reverberate around the global in ways that you can't possibly imagine. >> liu: and yet we find ourselves, though, in this situation where we have a jobless rate near 9% here in the u.s. and that has americans riled up. they want to kw why the jobs moving overseas. so is there something that the white house and the president could have done to avoid a situation like this where we are at a critical point wherehe house may pass a bill like this, neurosglel >> well, you point out correctly. the unemployment rate is 9% encouraged partially employed workers, 16.5%. including people in jail 20%. among young and minorities closer to 30%. a very little faction of this problem has to do with china and the exchange rate. have to do with the policies that h
and china and how that would... china would be hurt more than the u.s. i don't think that's the case, either. because you can't simply look at it as a simple two-sided equation. these economies are intertwined as they are with the rest of asia. and if you start slapping large tariffs on chinese influence, it will reverberate around the global in ways that you can't possibly imagine. >> liu: and yet we find ourselves, though, in this situation where we have a jobless rate near 9% here in...
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Oct 26, 2011
10/11
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CSPAN2
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china has a choice. it can maintain its intervention in the currency markets or speed up a reform toward a market currency. if it does the first, china will continue to accumulate foreign exchange reserves, buying more treasuries and bonds, but in doing so, it will become an even bigger funder of the structural deficits in the europe and the united states. so, instead it should pursue a market determined remedy and an accelerated timetable for capital didn't liberalization and that would give beijing the economic tools it needs in a large and increasingly complex economy. i know convertibility and capital account reforms and an open -- and a more open financial system aren't popular in china. many in beijing believe these reforms will make china more, not less vulnerable to future crisis, but china can play defense or it can play offense, or if you prefer, china can continue its single-mined focus on it five year plan, slowly unrolling reforms, when it needs reforms today that into give beijing the tools
china has a choice. it can maintain its intervention in the currency markets or speed up a reform toward a market currency. if it does the first, china will continue to accumulate foreign exchange reserves, buying more treasuries and bonds, but in doing so, it will become an even bigger funder of the structural deficits in the europe and the united states. so, instead it should pursue a market determined remedy and an accelerated timetable for capital didn't liberalization and that would give...
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south china sea do you think china is a country that actually could envisage a conflict now. but it wouldn't i mean it's too smart to you can't win wars anymore so why would china really start a war which would be destructive for china itself so while there is a lot of posturing on the political side economically you know it's it's much too much integrated to release start a war on on either side so no there's posturing there's a lot of. posturing because of internal reasons to show strength to its people but but you know we don't we don't think this what do you think china strategies for russia they've been very good friends and they've been not so good friends i think they are seeking an alliance they are seeking trade but they are very close neighbor us so i think china in general wants to optimize relationships whether it's russia or america or europe doris nice thank you very much for this interview . a very warm welcome to you this is your news today protesters on the. streets they have. ladies and gentlemen to try to get good links to the status of the human experiment
south china sea do you think china is a country that actually could envisage a conflict now. but it wouldn't i mean it's too smart to you can't win wars anymore so why would china really start a war which would be destructive for china itself so while there is a lot of posturing on the political side economically you know it's it's much too much integrated to release start a war on on either side so no there's posturing there's a lot of. posturing because of internal reasons to show strength to...
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before i went to china for the first time i had a certain picture of china which was not really matching reality but then it depends on you willing to change the picture or do you speak with what you think how is it changed ten years on for you well. i was thinking the chinese a mr mysterious people you know you can't really trust them and you never know what they think i thought that the country was much more backwards than it turned out to be. the fact is that the chinese have have still have and still today have kind of an innocence and openness once they trust you they embrace you and they really become friends with you and you can criticize a lot you know you can also was chinese politicians we talk a lot of. things in china that are not as they should be. you can be very open but it has to come out of a positive spirit. and not of just looking for the negative spots well you talk about innocence where does that come from north korea and does it have anything to do with the fact that china's been communist for so long. and no no i think it has to do with with a structure of having t
before i went to china for the first time i had a certain picture of china which was not really matching reality but then it depends on you willing to change the picture or do you speak with what you think how is it changed ten years on for you well. i was thinking the chinese a mr mysterious people you know you can't really trust them and you never know what they think i thought that the country was much more backwards than it turned out to be. the fact is that the chinese have have still have...
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Oct 26, 2011
10/11
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china has a choice. it can maintain its intervention in the currency markets or speed up a reform toward a market currency. if it does the first, china will continue to accumulate foreign exchange reserves, buying more treasuries and bonds, but in doing so, it will become an even bigger funder of the structural deficits in the europe and the united states. so, instead it should pursue a market determined remedy and an accelerated timetable for capital didn't liberalization and that would give beijing the economic tools it needs in a large and increasingly complex economy. i know convertibility and capital account reforms and an open -- and a more open financial system aren't popular in china. many in beijing believe these reforms will make china more, not less vulnerable to future crisis, but china can play defense or it can play offense, or if you prefer, china can continue its single-mined focus on it five year plan, slowly unrolling reforms, when it needs reforms today that into give beijing the tools
china has a choice. it can maintain its intervention in the currency markets or speed up a reform toward a market currency. if it does the first, china will continue to accumulate foreign exchange reserves, buying more treasuries and bonds, but in doing so, it will become an even bigger funder of the structural deficits in the europe and the united states. so, instead it should pursue a market determined remedy and an accelerated timetable for capital didn't liberalization and that would give...
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do you welcome china's china's intention to bail out the e.u. travel problem economies. i think the chinese are talking about helping somebody you basket case economies like greece and portugal but how far they're willing to go and on what terms i think the chinese are very shrewd bargains when it comes to that and there will be remains to be seen how far that will go what about africa do you think the africans will welcome china replacing the anglo saxons as the patrons of the continent up until now it's been mixed but the chinese have done the one thing that it's extremely clever in terms of their african diplomacy since about two thousand and four two thousand and six and that is they've come in they've ignored the international monetary fund they've come in with soft loans they've built schools hospitals highways dams and so forth across africa and they said our interest is quite simple we want long term secure raw materials oil gas and minerals and the africans are quite happy to have that kind of arrangement the american approach was similar to the british kind of
do you welcome china's china's intention to bail out the e.u. travel problem economies. i think the chinese are talking about helping somebody you basket case economies like greece and portugal but how far they're willing to go and on what terms i think the chinese are very shrewd bargains when it comes to that and there will be remains to be seen how far that will go what about africa do you think the africans will welcome china replacing the anglo saxons as the patrons of the continent up...
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Oct 25, 2011
10/11
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on the stand off between japan and china. >> what is the reason behind the naval expansion by china? >> translator: with its economy growing, china was able to allocate larger budget for the navy. it is believed china is doing this to protect is maritime rights and regarding taiwan, china wants to avoid intervention by the united states which is a naval super power. to prevent it, china wants to enhance naval capabilities and gain control of the seas surrounding taiwan. >> how high is the actual tension would you say between japan and china? >> it is not as if a change russ situation could break out immediately. however, we should not be overly optimistic and leave it unaddressed. as we saw in the video, military tension may threaten to increase. and both japan and china want to avoid a military show down. so japanese and chinese defense officials are discussing measures. >> precisely what measures are both countries trying to take? >> japan and china are trying to set up a mer i team notification mechanism. normally naf east of different countries have multiple channels established
on the stand off between japan and china. >> what is the reason behind the naval expansion by china? >> translator: with its economy growing, china was able to allocate larger budget for the navy. it is believed china is doing this to protect is maritime rights and regarding taiwan, china wants to avoid intervention by the united states which is a naval super power. to prevent it, china wants to enhance naval capabilities and gain control of the seas surrounding taiwan. >> how...
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the toilet hungry and china and their oil i agree the u.s. has taken a very militarized approach to it of standing oil sitting on oil and china needs that oil is there are we headed toward a conflict there number one and number two is china's alternative energy approach as you as you are talking about here with wind and solar is that going to be able to leapfrog them now but you know beyond hydrocarbon steven lee well yeah i think it already is i mean solar right now is in many cases competitive with hydrocarbon and so is wind. and china is the one that can produce the lowest cost when the lowest cost solar is so yeah i think that they are would be broadening to some extent you know there's a lot of work to be done that's why they're spending you know trillions literally trillions dollars of. dollars you know yvel of being smart grids etc as far as the oil that the u.s. may be sitting on right now that's not conventional oil that's non conventional oil and it really is not clear that we're going to be able to get significant and by significan
the toilet hungry and china and their oil i agree the u.s. has taken a very militarized approach to it of standing oil sitting on oil and china needs that oil is there are we headed toward a conflict there number one and number two is china's alternative energy approach as you as you are talking about here with wind and solar is that going to be able to leapfrog them now but you know beyond hydrocarbon steven lee well yeah i think it already is i mean solar right now is in many cases...
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Oct 5, 2011
10/11
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CSPAN2
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competitiveness in regard to china; namely, china's inadequate protection of u.s. intellectual property, or what i call i.p. let's remember that i.p. is our nation's number-one export. american i.p. yuns pins the knowledge -- underpins the knowledge comirks providing our workers with a significant competitive advantage. in short, i.p. equals jobs for american workers. it's that simple. studies have shown that the i.p.-incentive industries employ more than 19 million workers, create higher-paying jobs across all skill levels, and support more than 60% of total u.s. exports. that's why throughout my service here, i've endeavored to ensure that u.s. innovators and content creators are able to operate in an environment in which their i.p. -- or intellectual property -- is adequately protected. now, i'm pleased to have been the lead republican sponsor of the recently enacted america invents act, which resulted in long overdue reforms to our nation's patent system, which will strengthen our economy, create jobs, and provide a springboard for further improvements to our i
competitiveness in regard to china; namely, china's inadequate protection of u.s. intellectual property, or what i call i.p. let's remember that i.p. is our nation's number-one export. american i.p. yuns pins the knowledge -- underpins the knowledge comirks providing our workers with a significant competitive advantage. in short, i.p. equals jobs for american workers. it's that simple. studies have shown that the i.p.-incentive industries employ more than 19 million workers, create...
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china so it will expose ways. all right francis lui managing director of investment company lindsey holdings thanks very much indeed for sharing your views with us here on our team. well there have been reports of police beating war veterans during a peaceful protest in boston the demonstration was part of the occupy wall street movement which is aimed at big business and banks the protests which started in new york are now countrywide now let's get more from our tease out of his closely watching the protests for us there so these reports we're getting from boston is of the first time police have used force there. it was the first time the police are use force in boston not though unfortunately not the same can be said for the rest of that kind what we know about the situation in boston thus far is about a fifty to one hundred protesters have been arrested we've heard reports of about a thousand people camped out there especially been session mass a court or when this movement in boston that there were two separat
china so it will expose ways. all right francis lui managing director of investment company lindsey holdings thanks very much indeed for sharing your views with us here on our team. well there have been reports of police beating war veterans during a peaceful protest in boston the demonstration was part of the occupy wall street movement which is aimed at big business and banks the protests which started in new york are now countrywide now let's get more from our tease out of his closely...
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Oct 4, 2011
10/11
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CSPAN2
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china. i don't blame them nearly for all of that. but when a factory closes we know what it does to a community whether it's in harrisburg, whether it's in eerie cleveland, akron or canton -plt i'm encouraged by my colleagues on both sides of the aisle who support this bill and see how china's protectionist trade policies cost america jobs. we all know the problem. for years china subsidized exports by adopting artificial manipulated exchange rates not based on market forces. as a result, china's export to the united states remain cheap. our exports to china remain more expensive. in other words because they cheat on their currency, a product made in wuhan and sold in lima or dayton, ohio, will be cheaper because they have subsidized their production by weakening their currency. at the same time if a company in lima or dayton, ohio, tries to sell into china the cost of that item is 25% more because china has gamed the currency system. so by keeping the value of the r.m.b. or yuan, by keeping
china. i don't blame them nearly for all of that. but when a factory closes we know what it does to a community whether it's in harrisburg, whether it's in eerie cleveland, akron or canton -plt i'm encouraged by my colleagues on both sides of the aisle who support this bill and see how china's protectionist trade policies cost america jobs. we all know the problem. for years china subsidized exports by adopting artificial manipulated exchange rates not based on market forces. as a result,...
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eleven years ago before i went to china for the first time i had a certain picture of china which was not really matching reality i felt that the country was much more backwards than it turned out to be. the fact is that the chinese have have still have and still today have kind of an innocence and openness once they trust you they embrace you and they really become friends with you and you can criticize a lot you know you can also with chinese politicians we talk a lot of. things in china that are not as they should be you can be very open but it has to come out of a positive spirit. and not of just looking for the negative spots while you talk about innocence where does that come from in your opinion does it have anything to do with the fact that china's been communist for so long. and no no i think it has to do with the with the structure of having the community first and then the individual that meant you will always part of something you were part of a family a part of a community part of the city part of a province and the country and helping each other being together was part o
eleven years ago before i went to china for the first time i had a certain picture of china which was not really matching reality i felt that the country was much more backwards than it turned out to be. the fact is that the chinese have have still have and still today have kind of an innocence and openness once they trust you they embrace you and they really become friends with you and you can criticize a lot you know you can also with chinese politicians we talk a lot of. things in china that...
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the future no more he says asia's biggest giants russia and china will be doing here to try to the political dominance of the western world. and in boston and the wall street protests turned violent as police reportedly beat up war veterans during a peaceful demonstration this comes as people all across the u.s. join a movement against the bankers big business and got. a very warm welcome to you this is a live from with me. seven years of behind bars and two hundred million dollars to repay the sentence for ukraine's former prime minister yulia timoshenko for abusing her with or he was signing gas deals with russia. is following the events joining us now live from outside the court where the supporters have been involved in scuffles with the police i was saying a moment ago actually other the crowd have dissipated a little bit but certainly there's been some high emotions running that seven years in prison i go through. definitely her sentence in full means that she will not only spend the next seven years behind bars unless of course she appeals against this is to have to compensate two hun
the future no more he says asia's biggest giants russia and china will be doing here to try to the political dominance of the western world. and in boston and the wall street protests turned violent as police reportedly beat up war veterans during a peaceful demonstration this comes as people all across the u.s. join a movement against the bankers big business and got. a very warm welcome to you this is a live from with me. seven years of behind bars and two hundred million dollars to repay the...
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well in the short term they certainly can and the main reason driving russia and china together is a continued influence and resilience of american power in asia now russia is focusing more and more so on asia and less and less so in europe it's still a very dominant america in the region and russia has no choice but to bandwagon with the chinese for a moment now in the longer term there are questions whether those two countries are really allies but in the short term america is driving them closer together ok so as you say america is ultimately driving russia towards asia as russia does more total and some more western dominance so certainly in the west and western europe how does such a friendship bode for the global political arena long considered america's backyard are they really up to the task and how do you think america will react to russia and china becoming ever so close. i think america will be wary of course but i think the americans have a lot of skepticism that the russians and the chinese can truly cooperate. for example putin has made quite a lot of speeches about rea
well in the short term they certainly can and the main reason driving russia and china together is a continued influence and resilience of american power in asia now russia is focusing more and more so on asia and less and less so in europe it's still a very dominant america in the region and russia has no choice but to bandwagon with the chinese for a moment now in the longer term there are questions whether those two countries are really allies but in the short term america is driving them...
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Oct 22, 2011
10/11
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KCSMMHZ
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. >> crisis or not, china is growing, and it's growing fast. heavy industry and an increasing number of cars on the roads are two major factors that pushed china's co2 emissions past those of the united states only a few years ago. per capita, the chinese are still relatively modest co2 sinners, but beijing has recognized that it needs to make major investments in new, climate-friendly technologies. some 12 billion euros have been earmarked to develop electric mobility alone. as the next generation of e-cars are already waiting in the garage, china's main form of transport, the bike, is also seeing an electric overhaul. >> business is good at fu lei's shop in beijing. electric bicycles are a popular way to get around in chinese cities, especially in places where regular motorcycles are prohibited. an estimated 20 million electric bikes are sold in china each year. fu's customers come from all walks of life. migrant workers who can't afford cars buy his e-bikes, as well as members of china's new middle class, who want to steer around the traffic
. >> crisis or not, china is growing, and it's growing fast. heavy industry and an increasing number of cars on the roads are two major factors that pushed china's co2 emissions past those of the united states only a few years ago. per capita, the chinese are still relatively modest co2 sinners, but beijing has recognized that it needs to make major investments in new, climate-friendly technologies. some 12 billion euros have been earmarked to develop electric mobility alone. as the next...
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countries china is canceling a u. one ruble trading fees as it becomes russia's top trading partner. russia looks likely to post a budget surplus this year high crude prices are balancing the state spending which as risen in an election year the relatively healthy outlook is likely to continue in twenty twelve unless the oil price crashes as they are slightly somebody from explains. even with a significant increase in first call spending ahead of the elections at the end of this year there is a very high chance that russia will have a moderate but still a fiscal surplus by the end of this year in terms of the year two thousand and twelve the possibility to attain a surplus is also there obviously oil prices will have a lot to do with that but my sense is that given that we're going to be and the post electoral fiscal landscape after the elections is going to be easier to control fiscal spending and that i think bodes well for the team and relatively good fiscal outcomes possible even in the positive zone with regard t
countries china is canceling a u. one ruble trading fees as it becomes russia's top trading partner. russia looks likely to post a budget surplus this year high crude prices are balancing the state spending which as risen in an election year the relatively healthy outlook is likely to continue in twenty twelve unless the oil price crashes as they are slightly somebody from explains. even with a significant increase in first call spending ahead of the elections at the end of this year there is a...
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overcome differences i've also applies china has agreed on a new pipeline from russia there is still however the issue of gas with no news yet of a resolution. crisis. meeting. this is prime minister vladimir putin's first visit since announcing his cabinet see in the upcoming presidential elections and this i'm a signal a change in focus for russia for many years the west has been dominated in that political stage for russia china's economic progress may have moved in the sense many analysts are saying that the strategic partnership between the two biggest and fastest growing economies could shift the power balance in the world now both nations have supported each other throughout the years on issues related to sovereignty security and development they also have similar political views and we've seen this just recently when both of them a veto the european draft the u.n. security resolution which was condemning syria and was suggesting that it could face sanctions if it continue this crackdown on protesters both the countries are also members of the brics alliance along with india b
overcome differences i've also applies china has agreed on a new pipeline from russia there is still however the issue of gas with no news yet of a resolution. crisis. meeting. this is prime minister vladimir putin's first visit since announcing his cabinet see in the upcoming presidential elections and this i'm a signal a change in focus for russia for many years the west has been dominated in that political stage for russia china's economic progress may have moved in the sense many analysts...
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Oct 4, 2011
10/11
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china doesn't care. they will only care if there are sanctions, tough sanctions that give consequences to their unfair and usually illegal by w.t.o. standards action. now, mr. president, i'd like to talk about speaker boehner's remarks and chairman bernanke's remarks. last night brought a milestone here in the senate, mr. president. for years the government of china has been willfully breaking the rules of free trade without provoking a formal response from the u.s. government until yesterday. the full senate for the first time went on record that it wanted to consider formal action to confront china's currency manipulation. it was a lopsided vote, bipartisan, majority of both parties, 79 senators in favor. we'll spend the next few days debating the particulars, but make no mistake about it. when it comes to china's unfair trade practices, there is a consensus to act in the senate. mr. president, it can be hard at times around here to get 79 votes to turn the lights on. when the majority leader and minor
china doesn't care. they will only care if there are sanctions, tough sanctions that give consequences to their unfair and usually illegal by w.t.o. standards action. now, mr. president, i'd like to talk about speaker boehner's remarks and chairman bernanke's remarks. last night brought a milestone here in the senate, mr. president. for years the government of china has been willfully breaking the rules of free trade without provoking a formal response from the u.s. government until yesterday....
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Oct 3, 2011
10/11
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MSNBC
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it's trade reform with china. and the most important reform has to be ending this currency manipulation china engages in. and it's not just the united states that gets hurt by currency by china, that's 40 to 50% undervalued. it's the rest of the world. europe would not be flat on its back right now if it hasn't endured two years of a falling dollar, a falling yuan and a rising euro. canada gets hurt, other countries around the world, and the rest of asiaas to manipulate their currency just to keep up with the chinese. this is the time, dylan, and i hope that people step up in the senate and in the house. >> the big bogeyman on this, as always, hold on, there, mr. yippie-ki-yay. if you do that, the chinese finance america and they're going to come over here and we're all going to be speaking chinese, if you mess with them. hang on, peter, i'm going to the professor here. how do you reconcile that? >> our problem is not that there's too few people, it's that there are too many people. we are a flood in world liquidi
it's trade reform with china. and the most important reform has to be ending this currency manipulation china engages in. and it's not just the united states that gets hurt by currency by china, that's 40 to 50% undervalued. it's the rest of the world. europe would not be flat on its back right now if it hasn't endured two years of a falling dollar, a falling yuan and a rising euro. canada gets hurt, other countries around the world, and the rest of asiaas to manipulate their currency just to...
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Oct 3, 2011
10/11
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pure and simple, say it straight, because china cheats, china has been able to -- because china cheats, they have given, for all intents and purposes, 20%, 35% subsidy to their product. because they cheat on currency, putting aside how they subsidize their paper industry, for instance, with water and capital and energy and land, just on currency alone, when they sell something into the united states, they have a 25% to 30% cost advantage. i know companies i have talked to in ohio and mansfield and springfield and zanesville and chilicothe, companies that will say my cost of raw materials is higher than the cost of the product when it comes from china. why? because china cheats. and one of the ways they cheat is they undervalue their currency so that they have a 25% discount on their products sold into the united states. we can't compete with that, no matter that our workers are efficient, no matter that our companies are efficient, no matter that we cut costs in so many ways with the more advanced technologies and advanced manufacturing we do. so, mr. president, that's why this was suc
pure and simple, say it straight, because china cheats, china has been able to -- because china cheats, they have given, for all intents and purposes, 20%, 35% subsidy to their product. because they cheat on currency, putting aside how they subsidize their paper industry, for instance, with water and capital and energy and land, just on currency alone, when they sell something into the united states, they have a 25% to 30% cost advantage. i know companies i have talked to in ohio and mansfield...
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is a synergy over there china china desperately needs a lot of energy and resources and russia has it and also joe graphically or you see it's very close to china over their supply line and so on so there is a natural reason and very logical reason to put the two countries to go great in that front but talking about the global financial crisis and the euro zone financial crisis here again i think both china and russia also have a great state of the economic recovery of. the global economy and also certainly seen the overcoming the crisis in the euro zone and therefore i think the crisis itself is not the reason for china and russia to come together fortunately both in. you haven't managed to escape the bench severe damage of the global financial crisis and suddenly at the moment of the eurozone debt crisis more sudden as you say a russian trying to have managed to avoid the brunt of the global economic crisis but not entirely unscathed now if i may try to first place where vladimir putin has visited since announcing his plans for the presidential elections of two thousand and twelve h
is a synergy over there china china desperately needs a lot of energy and resources and russia has it and also joe graphically or you see it's very close to china over their supply line and so on so there is a natural reason and very logical reason to put the two countries to go great in that front but talking about the global financial crisis and the euro zone financial crisis here again i think both china and russia also have a great state of the economic recovery of. the global economy and...
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