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It has for the last year to two year, and it will continue to. why? because it's in their interest. they know they've got to devalue their currency. it's got to be more of a market-based model, because they're transitioning from the largest export machine to a consumption machine, and they their currency will have to be appropriately valued. here's the deal on china that not a lotánhhátc:bhg- the u.s./china relationship is not going to work until such time as we fix our core. we don't have leverage with china today because our economy is weak. the chinesed2(y respect a strog economy, negoti...

Meaning at the end of the day. it has for the last year to two year, and it will continue to. why? because it's in their interest. they know they've got to devalue their currency. it's got to be more of a market-based model, because they're transitioning from the largest export machine to a consumption machine, and they their currency will have to be appropriately valued. here's the deal on china that not a lotánhhátc:bhg- the u.s./china relationship is not going to work until such time as we fix our core. we don't have leverage with china today because our economy is weak. the chinesed2(y ...

Currency low and one of the sticking points of the u.s. and european countries want to have dialogue with china to stop them from doing that. why? >> because it allows their export machine to keep humming. it allows them to employ millions of people in broad, huge, high tech campuses and churning out what used to be low-skilled, low quality goods like tennis shoes and t-shirts. now it's high tech items like iphones and ipads and maybe a civilization industry. ge will be supplying engines to the industry. i mentioned this before but china has a strategy of creating national champions so it invi...