Battle lines are being drawn in Beijing — in a way no one expected this year. On one side are traders ready to bet there is not much the central bank can do to limit the renminbi’s remarkable rally; on the other is the People’s Bank of China, whose heavy hand and ability to control the market are well known.
在北京，戰線正變得分明，而這是所有人今年沒有預料到的。一方是交易員，他們準備押注于央行沒有多少手段遏制人民幣引人注目的漲勢；另一方是中國央行(PBoC)，它控制市場的強硬手腕和能力盡人皆知。
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