Obama-China Ties Off To Shaky Start

Image: CBS/AP

From CBS News:

Chinese Official Dismisses Geithner Remarks On Currency Manipulation, After Chinese TV Censors Inaugural Address.

(CBS/AP) Secretary of State Hillary Rodham Clinton has said no nation is more important to the United States than China. But ties between the two powers may be off to a rocky start just days into the Obama administration.

In his inaugural address Tuesday, President Barack Obama spoke of how earlier generations of Americans had "faced down fascism and communism." China's state broadcaster quickly faded out the audio of its live broadcast, the camera cutting back to a flustered studio anchor.

Then, on Thursday, Obama's choice to lead the Treasury Department, Timothy Geithner, wrote that Obama believes China is "manipulating" its currency, which American manufacturers say Beijing does to make its goods cheaper for U.S. consumers and American products more expensive in China.

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My Comment: China is the only country in the world that can be a strategic threat to the U.S.. China is also the only country that (in cooperation with the U.S.) can bring about significant peace and stability for this century.