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That if value was allowed to float it would be a higher value. why does that matter? the higher the value of the chinese currency, the less attractive their exports are. take last year, between january and november of last year, the united states imported $334 billion worth of goods from china and exported $82 billion worth of goods here is the dollar, the value up here. value of the chinese currency. if it was alled to float and its value came up, then it would make some of those exports from china and the u.s. less attractive for us to buy and would make it more attractive for them to buy u....

That if value was allowed to float it would be a higher value. why does that matter? the higher the value of the chinese currency, the less attractive their exports are. take last year, between january and november of last year, the united states imported $334 billion worth of goods from china and exported $82 billion worth of goods here is the dollar, the value up here. value of the chinese currency. if it was allowed to float and its value came up, then it would make some of those exports from china and the u.s. less attractive for us to buy and would make it more attractive for them to buy ...

World. that's a fact. they're also investing heavily in their military. in just the past week, we've heard about a chinese stealth fighter jet and a long-range missile that could threaten u.s. ships in the pacific. then there's human rights. this is an issue that often gets eclipsed boy the other two, the world got a reminder of chinese repression had a pro-democracy dissident won the 2010 noble peace prize. remember this? couldn't accept it because he's in prison. they laid the prize on an empty chair in oslo. since i'm a money guy, let me show you that relationship, the business relationship...

We exported $81 billion of goods, we imported $334 billion. we import every day $755 million more than we export. that translates into jobs, a huge, huge imbalance between these two countries that many say is still at the root of so many of our diplomatic problems. >> it is all about china. this is a big visit. some technical difficulties, not technical difficulties, but work out how this is presented to the world. >> a trade commission came back and said they were profoundly disappointed in the progress they made in china in opening china to u.s. goods. >> what happens this week matters to al...

United states. now, you will notice president bush did not offer him a state dinner. frankly, i'm a little -- i don't understand the thinking behind the president obama giving president hu jintao a state dinner. >> bill: i will tell you why. they signed a 45 billion-dollar export deal. >> no, no, no. >> bill: going to lead to 235 jobs in the u.s.a. that's why he gave him a state dinner. >> first of all, the chinese -- the chinese periodically pop up and buy american goods. they timed, this look, think about. this i gave you the numbers earlier. $334 billion of imports from china and $2 billion...