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World Trade Organization

China's yuan move just a passing squall in Sino-US relations

WASHINGTON China's sudden currency devaluation this month unleashed a political storm in the United States. Sino-U.S. ties already were frayed by Chinese muscle-flexing in the South China Sea, cyber-espionage and human rights disputes. A potential currency war raised the prospect that relations between the world's two biggest economies would plunge into a deep freeze. That hasn't happened nor is it likely to. "The administration has no strategic interest in a split with China or a more difficult relationship with China right now," says Jeffrey Bader, who advised President Barack Obama on China policy at the National Security Council. "China, from the...

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