While one can work towards free trade, so long as the currencies are unrealistic, there will be an imbalance and this could cause more problems. This is the view of the developed nations. For China, if she does a genuine valuation of her currency, then she will not rule the roost. It will also affect the developing countries who are reaping benefits from the unrealistic value of the Chinese currency. What should be the answer to have a freer trade and yet at the same time it does not hurt too seriously the developing economy thriving on Chinese cheap goods?