In yet another sign of the strange times we live in, Japan is calling for China to impose controls to stem capital outflows that are eroding the value of the renminbi. Authoritative voices have endorsed this view. This fast-developing orthodoxy that capital controls could give China some breathing room is wrong. Controls would make things worse, not better.
日本呼籲中國實行資本管制，以遏制正導致人民幣貶值的資本外流，這再一次表明我們生活在一個多麼奇怪的時代。一些權威人士也贊同日本。但是這種迅速發展起來的資本管制可以給中國一些喘息空間的流行觀點是錯誤的。管制只能讓事情變得更糟，而不是更好。
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