US concern on China currency fades as yuan grinds higher

After years of grabbing the spotlight in US-China economic relations, US concerns over the value of Beijing’s currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.

Some lawmakers continue to argue a weak Chinese yuan is robbing jobs from the United States. But action to force a change is unlikely and the issue will probably remain on the back burner as long as the US economy continues to improve.

via Business feed http://www.scmp.com/business/economy/article/1188200/us-concern-china-currency-fades-yuan-grinds-higher