The U.S. Department of the Treasury should transform its foreign currency report so it can be used as a tool to combat currency manipulation. This would be an important step toward a more balanced global economy with fewer persistent deficits and surpluses.

American workers continue to struggle with lost livelihoods and wasted opportunities amid the most sluggish recovery since the Great Depression. The United States needs new policies designed to help …

See CFR Senior Fellow and Renewing America Director Edward Alden's accompanying blog post here. Download the Chinese translation of this report [PDF]. Introduction China recently became the …