Reply to does anyone think it is smart to declare economic war on China on Romney's first day in office?

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[quote=Anonymous][quote=Anonymous]He did not say he was going to declare economic war.  He said he was going to work with china to get them to stop manipulating the RMD.  He should have also said he was going to try to work with them on grey market and outright copyright products.  If they don't cooperate, he can control at the borders.[/quote]

I'm the PP who does business in China. The US is already pushing hard on the IP (copyright) side of things. It's slow going, but progress is being made. The current administration isn't really sitting back in this area.

As for manipulation of the RMB, the Chinese government has been slowly loosening it, and meanwhile the US gov't has been letting the dollar weaken to improve exports. It's unrealistic to think China would let their currency free-float overnight -- it would be disastrous for the entire world economy if they did. It's going to take a gradual loosening, which they are doing, to not cause major problems.

Personally, I think China will become what Japan is now, in a few years. I rememeber 10-20 years ago when everyone was worried about Japanese products invading the US etc. We sort of ended up at some type of equilibrium that benefited both sides.[/quote]

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