Since the early nineteenth century, the leading international currencies have been those of countries with democratic political systems, where arbitrary official action is constrained and creditors are well represented. This does not imply that China must have a Democratic Spring before the renminbi becomes a leading international and reserve currency.
从十九世纪初以来，主要的国际货币都一直都是由是处于民主政治体制下的国家发行，而在这些国家官方是不能任意行动的，债权人的权利也因此得到良好的保障。这虽然并不意味着中国要人民币成为主要国际储备货币就必须经历一个民主之春。但它的确表明中国必须进一步加强全国人民代表大会的权力并创建一个以规则为基础且更加透明的政府机构，从而实现其货币目标。