President Barack Obama said in a meeting Thursday with Chinese Premier Wen Jiabao that China needed to do more to resolve a dispute over the value of the Chinese currency, a senior U.S. official said.
Obama told Wen in their talks on the sidelines of the U.N. General Assembly that the currency was the “most important issue” of their meeting, the official said.
What incentive does China have to listen to the little man? China holds all of our debt, they can do as they please. The US is not in a position of power to even “ask” nicely.