Chinese President Xi Jinping ramped up the rhetoric about financial risks Tuesday, making a rare repeated call for the authorities to keep a lid on the threats.
China’s efforts to monitor movements of the renminbi are aimed at an economic problem which has its roots in politics. Without good politics, there is no hope the economy will be good. And unless the constitution is changed, even the gods will be helpless to save the economy. Comprehensive constitutional reform is needed to install a modified semi-presidential system with a committee-style legislative body and cabinet members that are chosen from among committee chairs. See the Charter for Permanent Peace and Development.