Chinese Currency Manipulation -Again

When the Chinese told the Obama Administration they didn't want him to receive the Dalai Lama, somebody in the White House must have known what would happen as a result.  They have experience with the Chinese, when they don't get their way.  They dropped the value of their currency by .5%, at a time when we are still trying to get them to raise it, and the world's currency markets seem to think they should.   Maybe we are forgetting this isn't new.  The Chinese use their ownership of our debt for leverage and influence.  Although this President has made a lot of mistakes along the way, this probably isn't one them.  The Chinese did everything they could to undermine and cut off the Dalai Lama.  Not much of it worked.   Amazon books: