Part of the problem is that China is deliberately undervaluing the yuan:
Quote:
This week, a bipartisan group of U.S. senators offered legislation that could lead to U.S. duties on some of China's exports if it does not raise the value of its yuan.
They charge that China's currency is undervalued by at least 25 percent, effectively subsidizing China's exports and taxing its imports.
A group of 130 lawmakers in the U.S. House of Representatives also urged President Barack Obama's administration this week to formally label China a currency manipulator in a Treasury Department report due on April 15.
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http://www.expressbuzz.com/finance/s...u29kcfsoAfeg==