President Obama has warned of dangers of undervalued Chinese currency . The U.S. Treasury Department said in a statement that the yuan is "significantly overvalued" and should be pegged to other major currencies. What are their broader interests with regard to nuclear nonproliferation , with regard to the Middle East ? Fareed Zakaria says U.S. and China both benefit from cheap Chinese currency . Zakaria conducted rare interview with China 's prime minister , Wen Jiabao , airing Sunday , 10 a.m . ET .
President Obama has warned of dangers of undervalued Chinese currency . The U.S. Treasury Department said in a statement that the yuan is "significantly overvalued" and should be pegged to other major currencies. Fareed Zakaria says U.S. and China both benefit from cheap Chinese currency . Zakaria conducted rare interview with China 's prime minister , Wen Jiabao , airing Sunday , 10 a.m . ET .