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Bush Urges Chinese to 'Float' Currency

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Bush Urges Chinese to 'Float' Currency

Business

Bush Urges Chinese to 'Float' Currency

Bush Urges Chinese to 'Float' Currency

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  • <iframe src="https://www.npr.org/player/embed/1472533/1472534" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Bush administration wants China, its biggest Asian trading partner, to help slow the loss of U.S. manufacturing jobs by "floating" its currency. Administration officials believe China's currency is undervalued enough that it creates a vacuum for manufacturing jobs. NPR's Kathleen Schalch reports.