In summary, the common theme of all the proposals in the pipeline is one of putting sand in the wheels of the market. This is a far cry from the situation of the pre-crisis days, when pundits advocated complete freedom for markets in order to improve the resource allocation efficiency.
It is perhaps very appropriate for all of us to remind ourselves, in foras like these, how changes could be swift and far-reaching that we may barely have time to react to! B.  Internationalisation of Renminbi and India  11. Now let me turn to the second issue, i.e., internationalization of Chinese currency Renminbi (RMB).