This document summarizes a discussion on the potential impacts of China allowing the Yuan to float based on market forces rather than being government controlled. It notes that in the long run this could benefit Western economies by increasing Chinese purchases of US and European assets and technologies. However, it also warns that US companies may become more reliant on China for revenue and there could be a flight of skilled US workers to China. Western companies are advised to prepare for different relationship and logistical expectations from Chinese customers. Overall China's influence will likely increase in developing markets while still protecting its own borders and interests.