The article says ....Washington has demanded that China end a policy of buying dollars to reduce the value of its currency, the yuan, and make its exports more competitive in American markets....... , but that is surely wrong.
The yuan is fixed at/tied to the US$ (1/8.2818) and moves in lockstep with the US$.
I can appreciate the Chinese supporting the US$ by buying it - so that the US will still trade with them and not crash, but in so doing they keep their own currency up.
Really, Washington seems to want the Chinese to revalue their currency upwards, but that is a two-edged sword (since it would make US purchases of Chinese products more expensive - and US no longer has the alternative of home manufacture having lost a lot of its own production base).
