Exchange Rate***

This book provides an in-depth analysis of the RMB exchange rate and cross-border capital flows, and the author's experience and research are very valuable. I especially like the book's thoughts on exchange rate reform and capital flow management. However, I feel that some of the content may be a bit difficult to understand for non-expert readers like me. Overall, this is a book worth reading, especially for those interested in the financial field. The author Guan Tao is very accomplished in exchange rate research, and the views in the book are also very enlightening.