November 01, 2008
Obama: China Manipulates Currency
Just days away from the Presidential election, Obama told a group of Textile industry lobbyists that he would take "all diplomatic means" to induce China to make a series of recommended changes to the satisfaction of America's textile mill owners.
Further, he embraced mandating the "Buy America" provision in Defense related procurement. Taking this stand, however, will give China no incentive to accede to the WTO Government Procurement Agreement, long over due after seven years of WTO membership privileges. It is a form of protectionism wrapped in the flag to appear patriotic. It is a dangerous sign that an Obama administration -- like all others before it -- may open to lobbying influence in China policy.
Labels: china policy, chinese trade, free trade, lobbyists, obama
# posted by Sinomania! : 11/01/2008 12:46:00 AM
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