By Max Fisher of The Atlantic Wire
When President Obama traveled to China in November, currency policy was among the most-discussed issues. U.S. economists worried, and still do, that China devalues its currency, creating a trade imbalance that weakens the U.S. economy. As those economists explained, this is a big deal, and Obama this week is pushing China to alter its damaging currency policy. China, however, isn’t yielding. Here are theories why, what it means, and what Obama can do about it, if anything.
