China maintains a high degree of control on the currency rates using different mechanisms, involving both the PBOA (People's Bank of China) and their Central bank. For the same Yuan they maintain two different exchange rates, one Onshore and one Offshore. You would have possibly noticed the CNY and CNH.
However they will never lift their financial restrictions they have as they are damn scared of their capital investors moving the money into offshore international markets. But they made some adjustments after the GFC.
I am not so sure about their loans and other infrastructure investments in the other poorer countries though. These could well have ulterior motives and intentions. When their own people do not trust them, how can we.
but how do we know what their own people think of their government ? they could be doing those investments in other countries with some hidden motive. but from what they have done so far, they seems to be the best option for any third world country. they dont interfere with other countries' national problems when lending loans. compare this with IMF and other liberal countries. besides chinese people see the world through realist eyes. compared to liberals that's a huge improvement. west still dont understand their solutions dont work after so many invasions and drone strikes.
i think majority in china supports their government. perhaps other countries will follow them in future. democracy cant be the end result of human development.
