Rephrase the paragraph: U.S. lawmakers cite China as a currency manipulator and the move of the Congress to force the pace of China's currency reform may only strengthen China's resolve to take its own time to amend its currency policy. The most likely outcome is one of gradual appreciation of the yuan accompanied by measured dismantling of currency controls before China moves to a freely convertible currency. A substantial revaluation of the yuan would render Chinese exports totally uncompetitive. A criticism of China's currency policy is that the low yuan encourages over-investment in China's export manufacturing sector at the expense of the domestic market, and the undervalued currency makes imports into China more expensive and out of reach of the ordinary citizen