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Obama faces daunting challenges in Far East tour

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Task number 1 would be proving that the US is still relevant and a better partner than China (well that's not the line to the Chinese, more other nations) Yep, basically his task is insurmountable.... next.

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Japan is now seen as equal partner to U.S, and not much of problem other than the military base issues compared to China's currency exchange problem with west. The political backlash is not without foundation – jobs have moved and continue to move to China in part because Beijing’s exchange rate policy gives Chinese exporters an unfair trade advantage. The Chinese currency remains at least 20 percent undervalued and quietly, US officials do not disagree with such numbers. As a result, China continues to accumulate foreign exchange reserves at a dramatic rate – it reached $2 trillion earlier this year and will like have $3 trillion around the middle of 2010 (i.e., equivalent to 20 percent of US GDP; a huge number). It's time for Chinese currency to be free flowing just like all other industrial nations. Obama needs to address this one sided currency exchange problem.

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Japan is now seen as equal partner to U.S

Nope

The Chinese currency remains at least 20 percent undervalued

Not what the market says

It's time for Chinese currency to be free flowing just like all other industrial nations

Nope

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There will be no free flowing of Chinese currency the Reminbi, unless the entire western world recognizing China is a market economy!

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This article is way to long as compensation for the brevity of President Obama`s accomplishments. I am an ardent fan of President Obama, yet even I must admit he has done almost nothing in one year and continues to blame Bush for it. Not that I am a President Bush fan by any means.

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Good luck Obama

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Obama is an empty suit with a very questionable background. He will clearly do more damage to America than good.

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Obama is going to China to visit the USAnian money. I hope he gets out of Afghanistan as soon as possible and cuts the OBSCENE military budget so the USA can put what little money we have left towards domestic problems.

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and the Obama "Look at me" tour continues..........

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Papa...I take it you think we should divert monies from the OBSCENE war on terror and divert it into a national health care program?

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Papa...I take it you think we should divert monies from the OBSCENE war on terror and divert it into a national health care program?

What terror? The only source of terror as for the past few decades came from the west. And I mean the biggest ass-hole country on the planet.

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Obama thinks China is a very important country for American economy. Japan also thinks China is a very important country as economy partner. Japan wants to make the strong community like EU in the future. I don't think China is a communist country forever and it will be changed someday like Germany. China will become a democratic socialism country like Japan, like society helping each other and national system helping each other unlike national system of that stronger kills weaker and poorer.

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