Do not make the mistake of thinking that because my conclusion is the same as another person's that my reasoning is the same
The USofA wants China to "[allow] market forces to set the value of its currency."
Tell me, of what benefit would that be to China?
BEIJING, Sept. 1 — China is preparing to reduce incentives for exporters, increase purchases of Treasury bonds and loosen controls on foreign currency holdings to blunt mounting pressure from the United States, where its growing trade surplus has come under heavy political scrutiny, Chinese officials and analysts say.
The steps are expected to be among concessions Chinese leaders offer Treasury Secretary John W. Snow on his visit to Beijing this week, although they fall well short of meeting Mr. Snow's demand that China begin allowing market forces to set the value of its currency, the yuan.
With Democratic presidential candidates, influential American manufacturers and even Alan Greenspan, chairman of the Federal Reserve, pressing China to overhaul its currency system, officials here are eager to head off trade tensions. But they are also determined to maintain the current exchange rate, set at roughly 8.3 yuan to the dollar, for some time to come.