Ignoring the yuan’s rise because of China s recent economic troubles might be a mistake. Thanks to the country’s cumbersome capital controls, sending cash out of China has always been problematic and unpredictable. But that is poised to change now as the country takes small steps towards full capital account convertibility
The biggest obstacle to American understanding of China appears to be Washington’s seeming determination to misunderstand China rather than grant any credibility and legitimacy to its strategic outlook and goals.