Is it fair that we want China's currency to appreciate?

I don't know how and if it's possible, however the U.S. wants the dollar to remain strong, while China's currency appreciates so that the balance of payments is evened out, or the U.S's current account deficit is at least reduced considerably. If the Chinese currency appreciates, that would mean that their consumer demand would increase and with a billion people that would be disastrous. Have we forgotten about $4 gas prices, naturally the cost of consumer goods in US will increase if China appreciates their currency and increases their consumer demand. Personally, I think we should allow our currency to decrease in value, it would promote global economic stability (and yes at the our cost) but it's the only way. China's GDP is still less than ours, so their per-capita GDP is at least 3X worse than ours meaning that living standards there are still very very bad despite the huge amounts of economic growth. If our currency decreased in value, it would slow their economy down, however if they maintain their policy of keeping their currency value low, then the China would still have substantial growth thus improving living standards there. Us Americans need to stop being greedy and we need to allow other countries such as India and China improve their living standards. Truth be told, the U.S. has practically lost their competitive and comparative advantages in nearly every sector. There isn't much that specifically unique to the US aside from Apple and our pitiful GMs and Fords.