Detailed text transcripts for TV channel - CNN - 20110119:18

Detailed text transcripts for TV channel - CNN - 20110119:18:07:00

infrastructure. u.s. companies like honeywell, general electric, a lot of big names getting in on the game and announcing a lot of those contracts today. some other announcements they'll be making like the fact, this one is really interesting. software industry has been concerned because the chinese government has been very weak on intellectual property rights in china. in fact, the chinese government operates its computers on not legal software. stolen or pirated software. the chinese have promised again, according to a senior administration official, to now use legal software. this time it's different, though. the administration says because they are actually putting money in a budget to buy legal software. these are some of the little things they move incrementally with trying to make progress with the chinese on some of these issues. we have seen our exports explode to china. no question we have seen our imports, though, explode to a much greater degree. that's where the trade gap comes into play. many people blame the currency for that on a call earlier with the senior administration official, they are noting some of this progress that it made no

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