Detailed text transcripts for TV channel - MSNBC - 20110119:19:21:00
A market-based system and there has been movement, but it's not as fast as we want. and what i've said to president hu and i firmly believe this is, not only will you -- u.s. businesses be able to export more to china if we have a market-based currency, but it will also be good for china and president hu's agenda of expanding domestic demand because if the rmb is worth more, that means they can buy more products and services, and that will contribute to china having greater purchasing power and a higher standard of living. so this is something that can be a win-win. president hu's concern unde...