To China the monetary policy autonomy is of the most importance and China should stick to it, otherwise China will have to adopt a more flexible exchange rate regime unless it has the ability to maintain a more strict capital control.
To China the monetary policy autonomy is of the most importance and China should stick to it, otherwise China will have to adopt a more flexible exchange rate regime unless it has the ability to maintain a more strict capital control.
对于中国，货币政策的自主权至关重要，除非有能力继续维持更严格的资本管制，否则我国必须逐步扩大汇率的浮动区间。