Page 3 - 26 83 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

America's domestic and foreign policy. take its currency. anything made in china is cheaper than made in the usa. why? >> they ash trarly control the value of the currency and do not allow it to float like most other currencies in km supply and demand for the currency set the value of it. >> reporter: that means $1 is always equal to about 6.83 wan. >> it gives them a 40% advantage and puts our exporters at an enormous disadvantage. >> the treasury secretary post uponed a report that could have listed china as a currency manipulating, optding for back room diplomacy and closed door meeting in ...

Like most other currencies in which supply and demand for the currency set the value of it. >> that means $1 is always equal to about 6.83. >> it gives them about a 40% advantage, and puts our experters at an enormous disadvantage. >> the treasury secretary abruptly postponed releasing a report this week that could have listed china as a currency manipulator. opting for back room diplomacy and a closed-door meeting in it by jang. this just before the president, hu jintao, comes to washington for nuclear talks. >> that's good. we're not going to hang him out to dry while he's here, which would ...