U.S. Bill Attempts to Apply Upward Pressure to Chinese Yuan.

The U.S. Senate has passed a bill aimed at pressuring the People’s Republic of China to raise the value of its national currency, the yuan, but the bill is expected to fail in the U.S. House of Representatives. Critics of Chinese trade policy argue that China is maintaining the yuan at a rate much lower than its true market value and thus Chinese exports to countries like the U.S. are kept artificially cheaper. This allows China a perceived trade advantage. The BBC quotes analysts who state the yuan is, “…undervalued against the US dollar by 25%-30%.”