Sen. Schumer says plans China currency bill

First the US, now the World Bank tell's China what it should do, What gives??????

www.nytimes.com...





www.nytimes.com...

reply to post by Erasurehead


Not entirely true. Chinese workers wages are much lower than American workers wages. Even if China let its currency appreciate, the Chinese worker would still make a tiny fraction of what an American worker makes.

American companies also went to China because the Chinese government gave them no-interest loans to build factories and China has lax environmental and labor laws.

reply to post by freetree64


And that's because the World Bank is simply an extension of the US, always has been and always will be...

A lot like the IMF really...