But capital-account convertibility would make the yuan subject to the vagaries of market forces .

但资本项目下的可兑换将使人民币受到变幻莫测的市场力量的左右。

China has recently moved more quickly towards full convertibility , inducing frenzied market excitement .

近期中国向人民币完全可兑换前进的步伐相当快，引发市场高度兴奋。

Note that qualified verb , and the implied distinction between full convertibility and free convertibility .

请注意这里的修饰动词，以及“全面可兑换”和“自由可兑换”之间隐含的区别。

And since a stronger yuan would make full currency convertibility a more realistic objective , chinese exchange rate appreciation would bring china closer to putting itself at the heart of international monetary reform .

由于人民币升值将使得货币完全可兑换变成一个更为现实的目标，因此人民币升值将有助于中国让自己处于国际货币改革的核心位置。

Analysts say the country is likely to move gradually towards greater convertibility over the next five years , but chinese officials haven 't given a specific timeline for reaching full convertibility .

分析人士说，中国可能会在未来五年逐渐增强人民币的可兑换性，但中国官员就何时能实现人民币的完全可兑换并没有给出具体时间表。