WAR OF WORDS: US VS CHINA

China calls Obama that, and more

The only sticky point now is, Obama is not seemingly in a mood to relent even an inch and wants to force China to correctly value its currency. Compared to this, China’s reaction over Obama – ranking him an undergraduate in the global political scene and clarifying that all American Presidents make similar mistakes after immediately being sworn into office – clearly shows China has no intentions to listen to Obama. Given the fact that US has its largest trade deficit with China, it’s clear that Obama is treading a precarious line as non-cooperation by China in trade can further destabilise the already tottering US economy; consequently the whole world. Will the undergrad Obama blink first? One suspects he already has...

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Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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