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If Xi wants some move to occur in the RMB or Chinese interest rates, it will happen. If Donald Trump wants something to happen it won’t.

Yes, the Chinese government is vast, but the power structure is very hierarchical with no checks.

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That sounds like the cartoonish view of the Chinese gov that someone who only has any contact with it through western media buys into.

Yes, that is exactly a reasonable assessment of how the Chinese government works. The assessment you get from the Chinese media, which I look at a lot having been a long term foreigner in china, is much much worse than that, of course.

It should sound like that, but unfortunately the point they are making is true.

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