Time magazine comments: "Chinese "currency manipulation" is a reliable stump speech line. It's just not true any more. Republicans do it. Democrats do it. Donald Trump does it, Mitt Romney did it, and Barack Obama did it, too. We've been doing it. We're talking about China-bashing, and specifically the claim that China is cheating to underprice all the stuff it sells to the United States, in an effort to drive U.S. companies out of business. It's a hoary claim that's come up in every U.S. presidential race in memory. And it just got harder to defend. The International Monetary Fund yesterday agreed to include China's currency, the yuan renminbi, in the basket of currencies it uses to value its "special drawing rights." What matters is that it's a statement by the world's central bank that China's currency is stable, accepted, and traded freely enough that countries can use it to store their national treasury. . This is the kind of validation from international financial regulators that China has wanted for a long time. So you can cue up the outrage. Bernie Sanders, Marco Rubio, and Donald Trump have all made hay with accusations of China's "currency manipulation." It's an old reliable campaign line: It sounds sinister, it's an easy way to blame trouble with the U.S. economy on folks an ocean away who don't get to vote in our elections, and hardly anyone knows what it means."