China's announcement that it would let its currency begin to move seems like the successful culmination of the Obama administration's strategy on Chinese currency practices, but the president may not be able to claim the victory.

China's currency undervaluation has been a major concern for many Americans, especially for those concerned about what jobs will be available in the future.

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.

The sooner China moves away from its dollar peg, thebetter toavoid yet another hard landing that would now be particularly damaging to China's fragile banking system.

China should bear its share of the adjustments made necessary by thelarge global payment imbalances.

Has the dollar stabilized, or is there risk of a further plunge in its value?

China's ultimate objective must be to float the currency to allow it to find its own level in a world of capital convertibility.

The role of agriculture is steadily diminishing in the world economy.