The currency is not fully convertible, so capital flows in and out of the country are controlled.
2
可自由使用货币的概念关注货币的实际国际使用和交易,不能等同于某种货币是否自由浮动或完全可兑换。
The concept of a freely usable currency concerns the actual international use and trading of currencies, and is different from whether a currency is either freely floating or fully convertible.
3
这里的问题是,人民币在国际市场上不是可自由兑换的货币,所以不能在全球范围内分散风险。
The problem here is that China is not tied into the international financial system with a convertible currency, so it cannot spread risk on a global scale.