Obama believes China is manipulating currency

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Think they realize exports are real costs and imports real benefits???

Obama Deems China ‘Manipulating’ Yuan, Geithner Says

by Rebecca Christie and Mark Drajem

Jan 22 (Bloomberg) — President Obama — backed by the conclusions of a broad range of economists — believes that China is manipulating its currency,” Geithner said in the remarks, which were posted on the Senate Finance Committee Web site today. “The new economic team will forge an integrated strategy on how best to achieve currency realignment in the current economic environment.