Last week, Washington attempted two important policy feats aimed squarely in Beijing’s direction. U.S. Defense Secretary Ash Carter grabbed headlines by visiting the South China Sea, after earlier announcing he would scrap a visit to Beijing amid rising tension over territorial disputes in the region. And on Apr. 11, in a less noticed and more important speech, U.S. Treasury Secretary Jack Lew called on the International Monetary Fund to more aggressively police predatory exchange rate policies and rebuke members for failing to do their part to boost anemic global demand.
http://www.cfr.org/china/americas-fatal-flaw-its-competition-china-thinking-militarily-not-economically/p37781
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