Artical Response

China Rejects U.S. Complaints on Its Currency

Thesis: The U.S. should urge china to change their currency for a more fair trade.
     First off trade is at a great disadvantage to the U.S., due to the large debt the U.S. owes to china.In the artical China Rejects U.S. Complaints on Its Currency, By Edward Wong and Mark Landler, they state that " Economists agree with that assessment. They say that the Chinese currency, the renminbi, is undervalued by 25 to 40% compared to the dollar and other currencies. Now that statement says a lot right there, it says that the currency in china is far less in value to meny other contries. Think of it this way, you are at lunch someone is tradeing their oreos. You want thoughs oreos, but all you have is some crackers. China is the crackers and are no where close to value of the oreos (the U.S. dollar). If this trade goes through this was a great trade for China but, the not the U.S. because the values are way off.
     Some might have great ideas for approching this subject but I dont and niether do you. Some might say to stop with all the exports but the U.S. would loose so much from that and i think that China could maintain life without the U.S. Now China would be out  2.4 trillion $ in trade with the U.S. and the U.S. would be out so much supplies that are great essential luxury thing that american want and would have to find else where for much higher prices. So you can see how much we need china to stay a major export for the U.S.
http://www.nytimes.com/2010/02/05/world/asia/05diplo.html?scp=1&sq=china%20rejects%20u.s.%20complaints%20on%20its%20currence&st=cse