Because China does not disclose the composition of the basket, setting the value of the yuan in this way provides its currency managers with a high degree of flexibility.

FORBES: MTD's 2011 Predictions

We should be rooting for China to grow, because not only does that then present an enormous marketplace for American businesses and American exports, but to see so many millions of people, hundreds of millions of people, lifted out of poverty is a remarkable achievement.

WHITEHOUSE: President Obama at the APEC Business Summit