The US would like the world to follow economic policies that would benefit the US and it has been following Protectionism since long; creating conditions for US business where none existed, even by the use of force.
Crying foul on Chinese currency is childish.
Is not the dollar artificially propped up now?
Does US have enough Reserve in Fort Knox and will it to an an international inspection to verify its Reserves?
The problem of US is one of overspending with no savings and deficit financing.
Unless this is corrected there is no way out.
Nations like Pakistan beg but US uses military might to live-not much of a difference.
“Enough’s enough,” Obama said bluntly at a closing news conference of the Asia-Pacific Economic Cooperation summit where he scored a significant breakthrough in his push to create a pan-Pacific free trade zone and promote green technologies.
Using some of his toughest language yet against China, Obama, a day after face-to-face talks with President Hu Jintao, demanded that China stop “gaming” the international system and create a level playing field for U.S. and other foreign businesses.
“We’re going to continue to be firm that China operate by the same rules as everyone else,” Obama told reporters after hosting the 21-nation APEC summit in his native Honolulu. “We don’t want them taking advantage of the United States.”
China shot back that it refused to abide by international economic rules that it had no part in writing.
“First we have to know whose rules we are talking about,” Pang Sen, a deputy director-general at China’s Foreign Ministry said.
http://www.reuters.com/article/2011/11/14/us-apec-idUSTRE7AB12920111114
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