There are many who think that strengthening the value of China's currency won't mean American jobs lost to China in the past decade return to US shores - the jobs will simply go to the next low-cost country like Vietnam or India.

BBC: Obama to China: 'Act like a grown-up'

In Shanghai, China Eastern Airlines fell 3.3%, Air China lost 3.2% and China Southern Airlines dropped 4.5%.

WSJ: Latest Euro Hope Helps Asia Markets

France, who recently switched to a 4-3-3 formation, lost to China in their final warm-up game and were too ponderous in possession against La Celeste, with a lack of understanding undermining their efforts.

BBC: Uruguay 0-0 France