The renminbi, not for the first or last time, is the subject of a cacophonous debate in Washington and rising tensions between the US and China. When this happened in the spring, a series of confidence-building measures culminated in Beijing’s announcement in June that it would allow its currency to trade more flexibly. Sabre-rattling and subsequent de-escalation has become a pattern but with every occurrence the risks of new financial and economic turbulence are growing.
人民幣再次成爲華盛頓不和諧論戰的主題、中美緊張關係升級的導火索,這不是第一次,也不會是最後一次。在今年春季發生類似情況時,北京出臺了一系列鞏固信心的舉措,並於6月份宣佈將提高人民幣匯率彈性,成爲那一輪調控措施的高潮。威脅恫嚇、隨後緊張逐步緩和,這已經成爲了一種模式,但這種狀況每發生一次,出現新的金融與經濟動盪的風險就會隨之增大。