China Wants Great Power, Not Great Responsibility - Pesek

Xi should start by informing the world how low, exactly, the yuan might go. Beijing would win further goodwill by reassuring governments and investors that it is trying to efficiently resolve the country's looming crises in debt and stocks. The absence of such guarantees suggests Beijing is inclined to do the opposite, leveraging the country's massive state-owned enterprises and banks to meet the government's own growth targets and exporting its deflation pressures.