“Americans are struggling to cope with the fall in today’s markets driven in part by China’s slowing economy and the fact that they actively manipulate their economy,” the Wisconsin governor said in a statement. “Rather than honoring Chinese President Xi Jinping with an official state visit next month, President Obama should focus on holding China accountable over its increasing attempts to undermine U.S. interests.”
Does this mean Governor Walker believes the Chinese aimed to undermine the US economy by deliberately engineering a stock market collapse? I guess if one believed Chinese policymakers were incredibly cunning and devious, this makes some sort of sense. Pursuing this thought, does this imply Governor Walker believes the US Government should force the Chinese government to reflate the Chinese stock market?
Here is Governor Walker in 2013, speaking about opportunities for Wisconsin-China relations:
“This [Wisconsin Center China] strengthens our relationship with China and provides Wisconsin businesses the resources and assistance to pursue export opportunities in this growing market,” Governor Walker said. “Through the years, Wisconsin has built a strong trade relationship with China, and the opening of the Wisconsin Center China will help Wisconsin businesses continue to strengthen our trade relationships and grow export opportunities.”
More on the implications of the Chinese slowdown soon, to follow up on Jim’s post yesterday.
Update, 7:30PM Pacific: Here is a post on the Chinese situation.