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Are saying they want a december rate hike as well. before the meeting. >> shepard: china backed off last night. do we know why? >> the saying that parents will sometimes say, it's going to hurt me more than you are whatever the case may be. china is a position where i can make this kind of currency move and it helps on the export side but of the same time, they're going to be places where it falls into trouble when the currency is so weak. for example, servicing debt, bringing its purchasing power and buying power debt. china and the central bank is very well aware that it's got to dance on a ...

Yes and not only on the export side but also on the import side the imports not going down by as much as the exports that at least a bit of could news for those exporting things to china but it surely is a signal that should set off alarm bells round the world because basically everyone depends on china to be a powerhouse for the world economy alongside with the u.s. of course and alongside with a couple of european nations and the chinese government is doing everything it can to buck the trend to to help it turn around it's pouring money into the chinese economy like anything but that's a dan...

In chinese field coming as oil and coming to the u.s.'s autofield. the amount of specific problem and the way to address it is product by product and what we can do to change the export side and what we can do to reduce the bad influence. >> thank you very much. you can stay for this, also. perhaps gary cohen could say a few words about trade. >> yes, thank you mr. president. as you know, much of our biggest problem on trade has to do with our economic relationship with china and we have maintained a very large trade deficit with china. it continues to grow. as wilbur said, china has many pred...

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