By Doug Palmer
WASHINGTON (Reuters) – After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing’s currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.
Some lawmakers continue to argue a weak Chinese yuan is robbing jobs from the United States. But action to force a change is unlikely and the issue will probably remain on the back burner as long as the U.S. economy continues to improve.
An increase in the value of the yuan, a big drop in China’s global trade surplus and a rise in labor costs that has made Chinese products less competitive…