JANUARY - Chinese president Hu Jintao arrives in the United States, where he will meet with his American counterpart, Barack Obama. The long-awaited visit is Hu’s first in the US since the start of the Obama administration, and economic issues are on the top of their agenda.
Next Media Animation has created a primer on the issue to get you up to speed. Check out the US-Sino Currency Rap Battle, featuring Chinese president Hu Jintao and American president Barack Obama.
China has mad stacks of US Treasury debt and fears America will inflate its way out the hole by weakening the greenback further.
The US, on the other hand, says China is keeping its currency artificially undervalued to protect its exports.
It’s a battle for the ages. And everything you need to know about US-Sino trade relations can be learned right here.