It is expected that capital controls in China will be liberalised tremendously over the next 3 years or so, as the government aims to make the Yuan the currency of trade in Asia. As the rich in China get richer, they will want more investment options, and China needs to offer them options that do not lead to capital flight out of the country. They will want Chinese millionaires to invest in Yuan government bonds. This will result in a decreased value of the US dollar. The US has the ability to sabotage this, but it is unclear whether they will because if American millionaires have the option to also invest in Yuan bonds, they have the potential of short term profits far greater than what they can make from 30 year US bonds; so the strengthening of the Yuan may well be in the interests of the capitalist elite