Zhao offers a quick history of China's foreign policy since 1949 and then offers a provocative assessment of it today.
Congressional Research Service, "China's Currency: Brief Overview of U.S. Options", November 29, 2005
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Summary
Many are concerned that China’s currency is undervalued and that this injures the U.S. economy. The Chinese authorities say they are not manipulating their currency and they want to move as soon as possible to a market-based yuan. A new exchange rate procedure was announced in July 2005 but has not resulted in meaningful changes in the yuan’s international value. This report reviews the issues and discusses alternative approaches the United States might take to encourage more rapid reform.
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