Romney fundraiser planned Thursday in Hong Kong

Supporters of Republican presidential candidate Mitt Romney plan a campaign fundraiser for him Thursday in Hong Kong as U.S.-China trade friction becomes an issue in the White House race.

Romney supporters already have raised more than $385,000 for him in Hong Kong, a world financial center that has been administered by China since Britain turned it over in 1997.

Romney accuses China's government of trade, currency and intellectual property abuses, and says President Barack Obama has failed to confront Chinese officials as the abuses worsened.

Obama supporters say the administration has stood up to China and accuse Romney's former firm, Bain Capital, of aiding the shift of American jobs to China.