[ran15]

More crying and trying to place blame on others by our politicians, blaming a low yuan. They are starting to remind me of Euro politicians who try to blame America for all their problems.

China's total imports in 2005 - 560 billion dollars.
China's total exports in 2005 - 590 billion dollars.

Hardly sounds like a nation with an undervalued currency.

[Alberta's Child]

The Chinese currency is under-valued against the U.S. dollar, but it is actually over-valued against most other currencies because it rises and falls with the U.S. dollar regardless of economic conditions between China and those other countries. That's why they import so much these days -- strangely enough, the strength of the U.S. dollar ensures that imports into China from countries other than the U.S. are cheaper than products and commodities made in China itself.