. >> charlie: let's talk about currency because that's one of them that always comes u secretary ithner you met with today i'm sure that was part of the discussion with secretary geithner. he believes it's in your interesting to let your currency appreciate. >> it is appreciating and started in the year of 2005 because i was ambassador here already and started in june of '05 so if you count the appreciation since 2005 it has appreciated by some 23%. now if you add inflation to that figure it's about 29%. so i think this is a fact. then secondly i think argument hear and you hear very often is not really very good argument. people try to tie unemployment to sort of so-called manipulation of chinese currency. >> charlie: the argument goes we become an import market and you can sell products less expensively and therefore it hurts american manufactures and therefore they have to lay off people. >> the fact is simply because you stop producing certain things now you have to import and you have to buy from us or other people. if you don't buy from us you have to buy from other people. this i