如果中国能在年景好的时候更大幅度地提升汇率灵活性的话，当前的情况可能会更加游刃有余，而我们有些人已经为此呼吁了超过十年。
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.