New Delhi, Dec. 11 -- Rarely does China's stated national priority align so well with what the world wants of the People's Republic. Yet, Beijing is not really letting it happen-to the world's dismay and its own people's loss. This needs to change, starting with China letting its yuan appreciate a whole lot more than the 3% it has risen against the dollar since the start of 2025.

As reported this week, China's trade surplus topped $1.1 trillion over the first 11 months of this calendar year-a record figure. No doubt, this is a sign of China's export resilience. Despite a near 20% decline in exports so far this year to the world's largest market, thanks to US President Donald Trump's 47% tariff on imports from China, its shipments continu...