The People’s Bank of China appears to have signalled its intent to guide the currency higher by setting its daily reference rate at a record high on Monday for the third straight time. We’re not talking about massive gains – the renminbi was up a mere 0.06 percent on the day – but the symbolism of the successive records was powerful given that China’s default mode is unremitting gradualism.
周一，中國央行(PBOC)連續第三個交易日將人民幣匯率中間價設定在創紀錄高度，似乎表明有意引導人民幣走高。我們在此談論的并非大幅上升——人民幣當日升幅僅為0.06%，但鑒于中國的默認模式是不懈的漸進主義，連續刷新紀錄有著強大的象征意義。
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