China's overcapacity has replaced currency manipulation as the latest excuse for U.S. protectionism.

Officials from the People's Bank of China insist the move was designed to bring the RMB in line with its market value.

Plus, a possible China-Russia alliance, why China's latest hacking is ok, and the value of the RMB. Friday China links.

Regional issues are reaching a point where China and the US cannot address them bilaterally.

Remarks by the U.S. Treasury Secretary mark a puzzling return to an old issue: the value of China's currency.

The argument that China is manipulating its currency needs more analysis, not rhetoric.