Yes, China manipulates its currency, but it’s a form of generous foreign aid to Americans.

Relying on a World Trade Organization filing to address China's undervalued currency will not get very far.

China's new leadership is threatening to stay content with slower economic growth, and the country's manufacturing, housing, and export sectors are experiencing problems. Nonetheless, China has an opportunity to influence economic growth in 2012 through stimulus measures to its own economy.

China is manipulating its currency to maintain an undervalued exchange rate.

The South African Reserve Bank should seize the opportunity offered by the U.S. Federal Reserve in order to better equip it to cope with the stormier days that all too likely lie ahead for the global economy.

Somewhere in the alphabet soup of institutional acronyms--WTO, G-7, G-20, IMF--it would seem there might be one that could prompt China to revalue its currency. Certainly, Washington's had little luck on its own.

China's undervalued currency is of major financial concern for the Obama administration, but if the right precautions are taken, American firms could benefit from this.

China riding to Europe's rescue assumes a narrative in which China's mercantilist approach has allowed it to take a leading role in world affairs. In fact, it illustrates the pitfalls to the Chinese way of doing business.