Whoever is writing the editorial is part of the coordinated attack against China recently. They are "exposing" Chinese companied dealings with Iran, calling Google and other companies to threat China(because they have failed miserably in competition in China), putting up tariff on Chinese steel, and basically trying to start an economic cold war to boost American domestic production. After all, it was war that dragged America out of the last Great Depression.
One thing exposed the editorial completely: these are the people speaking for the European and Japanese interests really, not American ones. Think about it, if dollar and Yuan sink together, who hurts the most? So I guess if that's the NY times editorial, the newspaper had better change its name to Trilateral Commission report.