Life would be a lot easier today if China had moved to a much greater degree of exchange-rate flexibility back when the going was good, as some of us had advised for more than a decade.
La vie serait bien plus facile aujourd'hui si la Chine avait adopté un taux de change beaucoup plus flexible quand la situation était bonne - ce que certains d'entre nous avaient suggéré il y a plus de 10 ans.