Their currency has dramatically strengthened in the past 15 years, for all intents, it's free-floating now. The old pegs are plainly visible on the trading char

Their currency has dramatically strengthened in the past 15 years, for all intents, it's free-floating now. The old pegs are plainly visible on the trading charts: http://i.imgur.com/MvbcZ4B.png http://i.imgur.com/MvbcZ4B.png There are still some restrictions (e.g. the Chinese won't let it move more than +/-10% in a week) but the IMF thinks that it's close enough: http://www.cnbc.com/2015/08/15/imf-yuan-reforms-may-bring-china-quite-close-to-floating-rate.html http://www.cnbc.com/2015/08/15/imf-yuan-reforms-may-bring-ch...