It’s taken Tim a long while to figure out that shouting at the Chinese and telling them what to do will get him nowhere. For China to give in to threats and bullying would involve loss of face, a factor which is culturally very important in Asia. Now Mr Geithner is taking a much more conciliatory approach and I suspect that this way will be much more successful. I wouldn’t be surprised to see some currency reform of the Yuan before the end of June.