I thought the problem was that they weren't letting their currency "float", instead, artificially pegging it to the weak dollar?
The PRC is protectionist.
Chinese markets are CLOSED.
Changing the exchange rate won’t do diddly squat. We still won’t sell exports to China, because...
(wait for it)
China is protectionist.
That is the problem. Not “exchange rates”. China is deliberately keeping our goods out of their markets.
We remain clueless, with open, shrinking consumer markets.