Friday, September 14, 2012

China: Romney bashes China even though he made a fortune there


Romney's China-bashing talks useless to U.S. economy

by Liu Chang

BEIJING, Sept. 14 (Xinhua) -- Merely aimed at scoring cheap political points in an election season, U.S. Republican presidential candidate Mitt Romney once again blamed China's currency policy as the root cause for the excruciatingly high jobless rates in the United States.

While addressing a rally in the U.S. state of Virginia on Thursday, Romney, just as what he has done along his campaign trail, opened fire on China, claiming that it was Beijing's undervalued RMB currency that forced U.S. manufacturers out of job.

What is more sensational is that this millionaire GOP candidate has vowed to declare China a currency manipulator on the first day of his presidency if elected.

Yet it is rather ironic that a considerable portion of this China-battering politician's wealth was actually obtained by doing business with Chinese companies before he entered politics.

Read it at Xinhua:

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