China’s Xinhua News Agency Calls Mitt Romney’s ‘Currency Manipulator’ Attack ‘Foolish and Hypocritical’

6691921131 e3b4fcdc6c m Chinas Xinhua News Agency Calls Mitt Romneys Currency Manipulator Attack Foolish and Hypocritical

China’s Xinhua News Agency Calls Mitt Romney’s ‘Currency Manipulator’ Attack ‘Foolish and Hypocritical’ (Photo credit: DonkeyHotey)

The Chinese aren’t taking what Mitt Romney is dishing out their way lightly. You will recall he called China a currency manipulator, to which the China’s official Xinhua news agency calls foolish and hypocritical. The scathing rebuke of Mitt Romney also said his actions would “trigger a catastrophic trade war and damage the already weak global economic recovery.” Here’s the obliteration of Mitt Romney by Chinese:

“It is rather ironic that a considerable portion of this China-battering politician’s wealth was actually obtained by doing business with Chinese companies before he entered politics,” Xinhua wrote.

“Such blaming-China-on-everything remarks are as false as they are foolish, for it has never been a myth that pushing up the value of China’s currency would be of little use to boost the chronically slack job market of the world’s sole superpower, not to mention to magically turn the poor U.S. economic performance around.”

Xinhua said such China-bashing had been “a cancer in U.S. electoral politics, seriously plaguing the relations between the two countries.

“It has also become a handy tool for U.S. politicians who try to court the votes and support of ill-informed voters by ratcheting up antagonistic sentiment towards China, while truly serious social and economic woes within the United States have been left unfixed.”

The United States should “put its own fiscal house back in order, substantially slash its tremendous military expenditure, and optimize its economic structure”, it added.

Damn, yesterday Joe Scarborough eviscerated Mitt Romney and today the Chinese news agency did it all over again. Mitt Romney talks tough, but this is a league in which he is in over his head.

 Chinas Xinhua News Agency Calls Mitt Romneys Currency Manipulator Attack Foolish and Hypocritical
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 Chinas Xinhua News Agency Calls Mitt Romneys Currency Manipulator Attack Foolish and Hypocritical
Janet Shan is a freelance journalist and managing editor of the Hinterland Gazette, who is working on her first novel, a mystery based in the hills on Montego Bay.