Greater economic openness, coupled with the fixed nominal exchange rate, ended China’s inflationary roller-coaster ride, and, after 1994, real GDP growth also became more stable. The government is now seeking to decontrol domestic interest rates, create a more robust domestic bond market, and finally remove capital controls.
更高的经济开放度加上固定的名义汇率，使中国摆脱了通胀，并且在1994年以后的实际GDP增长也变得更加稳定。中国政府现在正试图放开国内利率，创造一个更为健全的国内债券市场，并最终解除资本控制。然而，由于中国经济正遭受人民币升值的威胁，金融体系的自由化可能会造成短期的反作用。