If monetary expansion does not merit the charge of currency manipulation, still less do other sorts of economic policies. Some have argued that even though the PBOC has stopped buying US and other foreign assets, China’s sovereign wealth funds still do, and that this, too, counts as manipulation.
如果货币扩张不能称为货币操纵，那么其他经济政策就更加如此了。有人说，即使中国人民银行停止购买美国和其他外国资产，中国的主权财富基金也会这样做，而这样也算操纵。