[samson1097]

The Chinese central bank refused to comment on the bill. A leading Chinese government economist told Bloomberg that China wouldn't be swayed into changing its currency policy. "This kind of bill comes up every year and will keep being raised in the future," said Zhu Baoliang, chief economist at the State Information Center, a research group under China's top economic planning agency. "I don't think Chinese government officials will change their stance."

This is what I'm afraid will happen

[garyb]

...the bill, if approved, will require China to "abide by international trade agreements and stop manipulating the value of the yuan".

The problem is not that China is manipulating the value of the yuan, the problem is that we are manipulating (devaluing) the value of the USD. They are countering our falling dollar by having their currency fall at the same rate.