Breaking China
Some China trouble lies ahead. Okay, that's admittedly sort of a "duh" prediction. The yuan still doesn't flex the way it should and U.S. businesses still face a variety of obstacles in setting up operations over there. Of course, as Mr. Tucker has pointed out several times, we have no problem letting Chinese businesses play here or using their low-cost labor to fill Wal-Mart's shelves. This imbalance exists despite years of hearing politicians say they will "fix" it. Well, Treasury Secretary Paulson is going to take a shot next week. You'll recall during his nomination that a big part of his cred was his international experience ... particularly China. Time to put it to work, Mr. Secretary.
Official warns of China friction
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