Here's a brief Sunday reading list on the issue of China's exchange rate and US manufacturing jobs.
Simon J. Evenett and Joseph Francois on whether Chinese currency revaluation will create net jobs for the US economy (link).
William R. Cline's discussion of estimating the effect of renmimbi appreciation on American jobs (link).
Abdul Abiad, Daniel Leigh and Marco E. Terrones's analysis of cost of reducing large current account surplus (link).
Paul Krugman's discussion of Chinese exchange rate policy (link) (link)