美国一直在指责中国的“估值偏低货币”，并声称这是中国保持在海外市场廉价出口的手段。
The US has been criticizing China's " undervalued currency", claiming it is a way China keeps its exports cheap in overseas markets.
如果一国用其来保持本国货币的估值偏低，那就是一件坏事。但如果该国货币正处于升值过程中，资本控制或许能够为上述目标上道保险。
If it does so to preserve an undervalued currency, that's bad, but if the currency is appreciating maybe capital controls can serve that safety valve purpose mentioned above.
他说：“问题是，货币估值偏低向市场发出了一个错误的标价信号。”
"The problem here is that the undervalued currency sends a mispricing signal to the market," he said.
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