Currency of China Is Emerging As Tough Business Issue in U. S.

Discusses how U.S. manufacturers and labor see unfair competition linked to the value of the Chinese yuan. Belief of South Carolina governor Mark Sanford that the currency threatens his state's textile industry by making Chinese exports unreasonably cheap; Plans for a protest by industrial companies in Pennsylvania; Efforts of the U.S. President George W. Bush administration to put political pressure on China; How the yuan is closely tied to the dollar, which keeps the yuan undervalued; View that the U.S. administration risks losing support in electoral districts if it does not push China hard enough. INSET: In Lock Step.