A very good report. Thanks
I think the greatest thing China has to fear is a drastic reduction in American imports of Chinese goods. China's cheep goods have allowed the world to have kept the prices of goods relatively low for a decade and reduced inflation and interest rates as well. America and the west have benefited greatly but so have many Chinese. The poor and the workers who work under poor conditions have not got as much out of the deal so far. I believe the Government has to act to slowly raise minimum wages and encourage those companies that have better labor policies. As some of the enormous profits are shared with those with less power and influence the amount consumption of domestic and American goods will increase thus helping to decrease the trade deficit with out harming Chinese production.
This article is trying its best to persuade Americans to leave China alone, not for China's sake, but for its own.
The cheap yuan benefits the USA, argues the article. China is under pressure to ensure the value of yuan stay low for the sake of its low-income and wasteful peasant and labor population ( in terms of production efficienty), which if not carefully tended, is going to trigger a whole set of repercussions.
To stay open is to "walk the talk", because even without US interference, China will have to improve its system, otherwise it will experience the process of self-destruction.
In other words, USA doesn't have to say anything, just let nature take its course. China has only one way to go, and itself to blame.
It's China's own problem. It's the middle class and ruling class and peasants' struggle for the right value of yuan. China is walking on a tight rope. The US just have to sit back and watch.