Export Model News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On u.s. shores. >> reporter: yes, it could. remember the chinese are changing their economic model. it is a once in a lifetime transition. we had 30 years of super charged growth in china with this export model and investment model where they were building up the country's infrastructure at a phenomenal rate. that's over. as the chinese authorities say, we are in a new normal now where the economy is moving toward more consumer spending. that will take some time. that will take years to get to. in the meantime, there is pain. this is what we are seeing at the moment. how much pain? are we awar...

That, how would president punts man deal with that? >> it's come down 30% over the last many years and it will continue coming down now because we're putting pressure on them but the chinese themselves see it in their interest to get a market-based currency. they are working from an export model to a consumption model. jon: you're not advocating letting them do it yourself, are you. >> you sit behind closed doors and negotiate. you need a strong economy, you need leverage to negotiate. this country needs to get back on its feet economically to have the leverage that we lack today. the chinese ...