That statement bears repeating with italics for emphasis: "China could be designated a currency manipulator if it stopped intervening to prop up its currency."

That statement bears repeating with italics for emphasis: "China could be designated a currency manipulator if it stopped intervening to prop up its currency." In other words, if China stops manipulating its currency to tilt the table in favor of the US, the US will designate China a manipulator to reflect the fact that they are no longer manipulating it!