“They want to flip themselves up and be compatible with other currencies in the world today,” Wisc. Gov. Scott Walker tells Bloomberg’s Mark Halperin.
- Says long-term problem with China “much greater than just currency”
- “It’s about their efforts to manipulate the economy,” particularly with state-sponsored manufacturing
- Says U.S. must push for level playing field with China; “We want them free of intellectual property theft. We certainly want them free of hacking”
- NOTE: China last week devalued it’s currency, the yuan, by the most since 1994
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