China: the Global Trade Pariah
Two economic analyses of the Globe and Mail (Why China's boom is good for all of us
and Where have all the U.S. jobs gone?) explain why China is the new bete noire of global trade. The articles allude that it is not only the US and other developed countries that are suffering, but economies in transition and fragile smaller developing countries are not getting their fair share of manufacturing jobs because of a weak yuan.
If you ask me "blame the yuan" has become a too popular of a song. China is an enormous economy with tremendous potential, its emergence on the global economic scene has forced the rest of the world to start searching for new ways to compete in the global market place. But transitions are always painful and it is easier to put the blame elsewhere and not within ourselves.