In the second, more favorable scenario, China’s per capita GDP would reach 80% of America’s – higher than the 70% average rate for the five largest Western European countries since 1960 – and its economic strength relative to the US would amount to roughly 2.8. This would make the renminbi eligible for IVC status and enable Shanghai to choose whether to become a 1-IFC.
在第二种较有利的情形中，中国人均GDP将达到美国的80%——高于西欧最大的五个经济体自1960年以来的平均水平70%——其对美国的相对经济强度将达到2.8左右。这意味着人民币有资格获得IVC地位，上海也有资格选择是否成为1-IFC。但中国经济相对美国的强度不足以保证通过自然市场力量让人民币获得国际成功。