中国的“人民币陷阱”：经济需要一种较弱的货币，但中共无法采取行动。尽管贬值货币应该相对简单，但中国贸易伙伴的负面反应、过去的经验以及习近平对人民币的雄心壮志可能会结合起来阻止这一举措。
Weakening the currency should be relatively straightforward. But the adverse reaction of China’s trading partners, past experience, and Xi Jinping’s ambitions for the renminbi could combine to prevent it.