China matters, and its economic policy, including how the exchange rate is managed, must be taken seriously. But China does not run the world, and it is unlikely to do so anytime soon.
中国很重要，其经济政策——包括如何管理汇率——也必须认真对待。但中国并没有主宰世界，也不可能在近期主宰世界。不管你信不信，全球领导权的未来仍然与美国同在。