China doesn't have a capital control problem. It is all western media bullshit. Look at China's recent monetary policy. Just yesterday, they allowed individuals in Shanghai to exchange RMB for foreign assets. They are freeing up capital control, not tightening it. CNY to USD recently appreciated by 0.6% in trading. Their objective? Spread CNY to the rest of the world, become the dominate currency in Asia and join the IMF.