Don't miss Dan Harris' masterful take-down of (super CCP-apologist) Shaun Rein's latest.
Dan, a man who, unlike me, usually does his best to avoid blog-on-blog disputes, is quite right to point out that not all those who criticise China's monetary policy do so out of anger and hatred. He is also quite right to point out that no serious China observer puts down China's success entirely to "stealing American jobs and intellectual property" and that Rein's criticism is therefore something of an Aunt Sally. Dan is also correct in saying that a rising Yuan would lead to some job creation in some areas, although of course there may also be a commensurate cost in jobs as well.
I could go on, but you'd be better off getting it from the horse's mouth.