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U.S. Treasury Secretary-designate Tim Geithner is trash-talking China.
Here's the money quote from Geithner's written response to questions from senators:
“President Obama – backed by the conclusions of a broad range of economists – believes that China is manipulating its currency.” (Italics mine)
In the rarified world of international economics, them's fightin' words. Maybe they'll sound better in Mandarin, which Geithner has studied...
Meanwhile, Geithner's appointment has cleared its first hurdle. No vote scheduled, yet, on his final confirmation.