Walker Says China Wants Currency ‘Compatible’ With Dollar, Euro

“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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