Washington - Republican presidential candidate Donald Trump’s latest attack on China is about three years behind the times.

In a column in The Wall Street Journal previewing a policy paper he released Tuesday, Trump wrote that “the worst of China’s sins” is manipulating its currency, the yuan, to gain an economic advantage over the United States and other countries. Citing the estimates of unidentified economists, the real-estate magnate charged that “the yuan is undervalued anywhere from 15 percent to 40 percent,” giving Chinese exporters an unfair price edge in world markets.

For years, critics, including the U.S. Treasury Department, complained that China kept its currency artificially low. And until perhaps 2012, it was probably true.

But the charge appears outdated now.... Read More: VIN