Summers Is Wrong: U.S.-China Relationship Is Not Fine

Summers Is Wrong: U.S.-China Relationship Is Not Fine
from SeekingAlpha.com: by Howard Richman

Howard Richman submits:

Just before China announced plans to slap tariffs of 43.1%-105.4% on American chicken parts, President Obama's chief economic advisor Lawrence Summers told Judy Woodruff that everything was fine in our China relationship. Business Week reported:

Summers downplayed friction between the U.S. and China, including charges that a recent computer attack targeting Google Inc. came from China. The relationship between the two nations is resilient enough to withstand occasional dust-ups, he said.

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