FILE - In this Nov. 12, 2011 file photo, U.S. President Barack Obama, right, meets with Chinese President Hu Jintao at the APEC Summit in Honolulu. In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs. But in the debate Tuesday night, Oct. 16, 2012 the one-dimensional caricature offered up by Obama and Republican challenger Mitt Romney obscures the crucial reality of U.S.-China relations: For all the talk about getting tough on Beijing, the U.S. and China are deeply entwined, defying easy solutions to the friction and troubles that beset their relations. (AP Photo/Charles Dharapak, File)

Associated Press
FILE - In this Nov. 12, 2011 file photo, U.S. President Barack Obama, right, meets with Chinese President Hu Jintao at the APEC Summit in Honolulu. In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs. But in the debate Tuesday night, Oct. 16, 2012 the one-dimensional caricature offered up by Obama and Republican challenger Mitt Romney obscures the crucial reality of U.S.-China relations: For all the talk about getting tough on Beijing, the U.S. and China are deeply entwined, defying easy solutions to the friction and troubles that beset their relations. (AP Photo/Charles Dharapak, File)
FILE - In this Nov. 12, 2011 file photo, U.S. President Barack Obama, right, meets with Chinese President Hu Jintao at the APEC Summit in Honolulu. In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs. But in the debate Tuesday night, Oct. 16, 2012 the one-dimensional caricature offered up by Obama and Republican challenger Mitt Romney obscures the crucial reality of U.S.-China relations: For all the talk about getting tough on Beijing, the U.S. and China are deeply entwined, defying easy solutions to the friction and troubles that beset their relations. (AP Photo/Charles Dharapak, File)