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

The modest appreciation of China's currency should not cause much change and China must do more to prevent an international protectionist backlash.

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.

For the second time in a week, the Obama administration has discarded a major campaign pledge on international economic policy.

In blogoyears, it has seemed like a lifetime since President Obama culminated his historic campaign with a decisive victory. But in reality, it was only a year ago.

Politicians of both parties are blaming China for high U.S. jobless rates, but in truth, the impact on the U.S. economy of a change in Chinese currency policy could well be so small that it would be almost impossible to detect.

As speculation of U.S. action on China's alleged currency manipulation intensifies, this paper outlines the bills, proposals and comments that make up the political background to this debate.

Advocates for revaluation of China's exchange rate have argued that an appreciation would boost demand for U.S. goods and shrink the U.S. trade deficit, but Chinese currency revaluation cannot provide a quick fix to the U.S. economic predicament.