China's exchange rate policy: an overview of some key issues -- Monetary policy independence, the currency regime, and the capital account in China -- Rebalancing China's growth -- Estimates of the equilibrium exchange rate of the renminbi: is there a consensus and if not, why not? -- The management of China's international reserves: China and a sovereign wealth fund scoreboard -- The US Congress and the Chinese renminbi -- Influence of the renminbi on exchange rate policies of other Asian currencies -- IMF surveillance over China's exchange rate policy -- Commentary.