Much of the concern over the past few years has centered on America’s yawning current account and fiscal deficits, and its effort to get China to let the yuan float more freely against the dollar. China, by contrast, sees its growth as tied to a stable currency, and may not want to introduce a more flexible exchange-rate regime, even after the 2.1% revaluation in July, pending alleviation of structural problems for which it is extremely difficult to set a timetable.
过去几年里，世界对于美国巨大的经常项目赤字和财政赤字，以及试图让中国允许人民币更为自由地针对美元浮动而忧心忡忡。相比之下，中国认为其经济增长需要稳定的货币，并且即使在今年七月人民币上浮2.1％，也并不想要引入更为灵活的汇率体系，而是等候结构性问题得以缓解。中国想要为此制定一个时间表极为困难。