Their job is to convince the Chinese that patience [on the yuan] is not infinite.

What they do is to make a judgment, all things considered, whether it is in the U.S. interests to name.

The Chinese currency is not the answer by itself to America's current account problem, but it is part of the answer.

I am glad to argue that the most likely (reason if there is such a crisis) is an overlapping and greater-than-expected growth slowdown in China and the United States.

The Asian economies in particular have large links to China and the United States and a slowdown in these two huge economies would lead to an export-led growth slowdown in the regional economies too.