China-Major trading partner of US-Manipulates currency @ 6.2308-Says that jobs are needed in China-
Exports to the United States continue to grow ---exceeding imports. China will not allow a fair market economy to determine the true value of its currency. The Big Mac Index has it as one of the most unfair currencies in the world. The United States had benefited from the earlier moves to raise the value of the currency before the end of last year. But, no action from the White House has allowed them to once again to lock into an unfair level of currency. They should be able to create jobs for the Chinese people at the expense of job creation in the United States ---at least for the first quarter of 2013.
China, a communist Country without Unions. The Unions destroyed the steel US steel industry & the US automotive industry. The Union fat cats could care less that China is becoming a world manufacturing leader. They will now be the leader in the currency clash as we continue to devalue our dollar. Massive debt will do us in as our currency will continue to erode.