Short-term events aside, though, data shows China's yuan has in fact been strengthening over the last 10 years, dramatically so. And while its appreciation against the dollar has abated in the last couple of years, the yuan has continued rising against the currencies of most of its trade partners, including Japan and the euro zone.
A weak currency lowers the price of a country's exports, making them more attractive to international buyers.
"It is hard to call the yuan weak. It is less strong," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York .... http://www.reuters.com
