Third, the renminbi’s international and reserve-currency prospects will be shaped by how China handles its growth slowdown. The key will be whether it manages a smooth deceleration, in which case renminbi internationalization will proceed, or suffers a hard landing, in which case social unrest will intensify and all bets are off.
第三，人民币成为国际储备货币的前景将受中国如何处理其经济增长放缓状况的影响。关键在于它是否能做到平稳地减速——如果成功平稳减速，那么人民币的国际化将会继续进行，相反如果经济出现硬着陆，这样的话社会动荡将会加剧，所有的希望也将落空。