For those idiots who think we have free trade and free markets, but oppose negating China’s currency manipulation, a mini-lesson in Chinese methods.
With more than $3 trillion in foreign exchange reserves, China has more than enough financial firepower to defend its currency against serious attacks on its value by speculators in financial markets. China also controls the spot market for renminbi within China through heavy regulations.
You cannot be a free trader without opposing currency manipulation. You cannot be a free trader without supporting enforcement of trade rules.
