BEIJING — The view from Washington, as seen by proponents of the China currency sanctions bill, seems clear: China’s government keeps its currency artificially low. That keeps manufacturing here cheap, which in turn makes Chinese products less expensive. American companies cannot compete. Americans lose jobs.
But the view from China — taken from official comments, newspaper opinion pieces and interviews with economists — is often diametrically opposed.
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And they are right. Politicians, bought by corporate America, decided that we would be better off in a race to the bottom working for peanuts and trashing our air and water, all so the corporations can make a buck, because you know they really care about the US. So of course the pols. quickly set up trade deals with the countries that could complete this race the fastest.
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