Fretting About the Yuan

American protectionists have long insisted that a fundamentally undervalued yuan is to blame for the large U.S. bilateral trade deficit with China. They call on the U.S. Treasury to declare Beijing a “currency manipulator” and impose punitive tariffs. The Obama Administration has resisted this step, but it also has pressured […]



Wall Street Journal via CHINA US Focus http://ift.tt/1BnMnjM