If the renminbi had “cracked seven” — or po qi as falling through seven to the dollar is known in Chinese — in late 2016, it would have been a sign that Beijing was losing its grip on the carefully managed currency and possibly the world’s second-largest economy as well. But when that line was finally crossed on Monday morning, after flirting with it for almost three years, all was calm in Beijing.
如果在2016年底，人民幣“破7”（即跌破1美元兌7元人民幣），那會是一個跡象，表明中國政府可能失去了對其小心管理的人民幣匯率的控制，甚至是對其位居世界第二的經濟的控制。但人民幣在這個關口附近徘徊了近三年后，于周一上午終于突破它時，北京方面風平浪靜。
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