Brief Statement from Alliance for American Manufacturing (AAM) Executive Director Scott Paul on the U.S.-China Strategic and Economic Dialogue:   "While we know that the Obama Administration has raised the issue of China's undervalued Yuan with Beijing, we are disappointed and frustrated by the lack of progress on this issue.  Beijing must understand that there will be consequences unless it revalues its currency to a flexible exchange rate that reflects the market.   "It is imperative for Congress to pass legislation that will ensure a level playing field for America's workers and businesses.  We need to end China's currency manipulation sooner rather than later.  Nobel prize-winning economist Paul Krugman estimates that China's mercantilism will cost the U.S. 1.4 million jobs unless it is reversed.   "America's workers and businesses can compete on a level playing field, but we do not have one right now." Click here for 15 key U.S.-China trade facts.