Posted By: Shane Dare
Sunday, May 23, 2010
Clinton Tries to Open China
Clinton, in a speech attempted to call China out, encouraging them to "level the playing field." China has been closed off and protected, and many of the international firms believe that in order to "level the playing field" it is necessary for China to open up so other nations can compete against the Chinese economy. Soon they will be discussing security and trade issues with China in attempt to free up the market. The protectionism is not the only flaw that came out about China recently, there was a claim that China's yuan is undervalued giving a false sense of being cheaper.
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