BBH is a foreign-exchange dealer but only because this dovetails with private banking.
BBH是一家兑换外币的交易商,仅仅是因为这和私营银行相吻合。
Currency "manipulation" amounts to more than foreign-exchange intervention; China also has strict capital controls which, although leaky, keep private savings at home.
“操纵”人民币汇率不仅仅是干预外汇,中国也采取了严格的资本管制,以阻止私有储蓄外流,尽管这种管制也有漏洞。
Only if Asia's bond market can become a home for the region's private savings rather than just a vehicle to recycle foreign exchange, will it count as a success.
要使亚洲债券市场能够变成地区私人储蓄的“家”而不仅仅是循环外汇的“车”就好了,那时它就是成功了。
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