Their currency has dramatically strengthened in the past 15 years, for all intents, it&#x27;s free-floating now. The old pegs are plainly visible on the trading charts:<p><a href="http:&#x2F;&#x2F;i.imgur.com&#x2F;MvbcZ4B.png" rel="nofollow">http:&#x2F;&#x2F;i.imgur.com&#x2F;MvbcZ4B.png</a><p>There are still some restrictions (e.g. the Chinese won&#x27;t let it move more than +&#x2F;-10% in a week) but the IMF thinks that it&#x27;s close enough:<p><a href="http:&#x2F;&#x2F;www.cnbc.com&#x2F;2015&#x2F;08&#x2F;15&#x2F;imf-yuan-reforms-may-bring-china-quite-close-to-floating-rate.html" rel="nofollow">http:&#x2F;&#x2F;www.cnbc.com&#x2F;2015&#x2F;08&#x2F;15&#x2F;imf-yuan-reforms-may-bring-ch...</a>