But letting the market determine the strength of the Yuan may not provide the hoped-for solution. 

Much of the blame for job losses in the USA and South Africa, as well as the United State’s large trade deficit with China, has fallen on the strength of the Chinese Yuan. The state and future direction of the Yuan has thus become a matter of interest for people throughout the world, with an artificially weak Yuan believed to be at least partly responsible for the economic woes experienced by many countries. In South Africa the under valuation of the Yuan is blamed by some for retarding industrial growth and reducing the competitiveness of locally manufactured goods, causing factories to close and increasing unemployment.