Pegging the China Yuan to the US Dollar to say Seven (7) Yuan to one (1) US Dollar as opposed to allowing the Yuan to float in the international market.
Basically, China devalues its money to attract foreign investors like American businesses.
Currency Manipulation Hurts (A) the Little Guy in China as they can't buy as much since their hourly wages don't change as easy as when a business changes the price for their products and services.
So when China manipulates its currency, the little guy in China suffers when the money (yuans) in their wallet (as well as their hourly wage and salary) remains the same.
Hence, the Little Guy in China can't buy as much, or easily switch to better paying jobs, or raise their salary as a easily as companies can raise their prices.
Next, It also hurts (B) the little guy in America as they can lose their job to a Chinese
