Mike's Take

Wednesday, July 06, 2005

Pot calling the kettle black

China upset about Unocal vote ? "We demand that the U.S. Congress correct its mistaken ways of politicizing economic and trade issues and stop interfering in the normal commercial exchanges between enterprises of two countries," the Foreign Ministry said in a faxed statement. Wow! How about China's continued manipulation of currency values to benefit chinese exports. I think that generally free trade and government non-involvement is good. But when a country continually shows that it is willing to do everything possible to manipulate the market place to its favor, we are justified in looking carefully at this.

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