China & US Jobs

During the 2nd US Presidential Debate, Mitt Romney said that China's currency currency manipulation and intellectual property theft has allowed it to become the largest manufacturer in the world, causing the loss of 500,000 American manufacturing jobs in the last four years. Anthony Tao defends China:  Even now, when China’s per [capita] GDP is still nearly six times less than the US’s, China is just artificially keeping its currency down cause it really wants to stick it to Americans, right? Because there are just so many Americans who dream about working in an iPhone-assembling factory.