Sino-American tensions .... continued

Commentators are all over the place ever since Tim Geithner referred to China's currency manipulation. Charles Wallace has an interesting point, which I have not seen elsewhere:

An anomaly of Geithner's remarks to the Senate finance committee last week was his comments on the dollar. After accusing China of manipulating its currency, he declared that "a strong dollar is in America's best interests" (the same thing that Paulson used to say repeatedly). The Chinese must be scratching their heads over that comment: Do the Americans want a strong dollar or a strong yuan? As the new overseer of U.S. currency policy, Timothy Geithner is not making much sense.