The International Monetary Fund delivered a valuable imprimatur of respectability to Beijing last week, when it declared that its exchange rate was probably no longer undervalued. The assessment was not a surprise: respected independent outfits such as the Peterson Institute and the consultancy Oxford Economics have been saying similar for a while.
國際貨幣基金組織(IMF)近日宣布人民幣匯率很可能不再被低估，這相當于對北京的聲譽予以了寶貴的認可。這樣的評估結果不算出人意料：包括彼得森國際經濟研究所(Peterson Institute)與咨詢機構牛津經濟研究院(Oxford Economics)在內，許多受尊敬的獨立機構一段時間以來就一再表達了類似的看法。
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