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Q: As President, is there anything you could do about this acquiescence to cheating?

Hunter: Right now, China rebates their taxes to their manufacturers. They give a 17-percent subsidy to their products and a 17-percent penalty to our products. Before you even compare labor, component prices and commodity prices, they have a 34-percent advantage before the game even starts. Then they devalue their currency by 40 percent to make sure the American manufacturer doesn’t win. That is cheating.

We need to have a government that says that is cheating. [Fed Chairman Ben] Bernanke had that in so many words written in his speech that he was going to give in China [in December], but it was changed before he gave it to the Chinese leadership. That is not acceptable.

(Excerpt) http://www.manufacturingnews.com/subscribers/users_orig.cgi?mfgnews_username=jocknash&flag=show_entire_issue&id_issue=214&id_title=1&id_sub=127&id_sl=

China’s CHEATING is also what caused the food problems. China wanted to make it look like there was more protein than there was.