There are a couple of issues that are limiting the development of VC industry in China, such as: double taxation, a non-convertible currency and inevitably, exit. 有很多因素在制约中国风投行业的发展,这其中就包括双重税收,人民币不可以自由流通,还有退出机制。
Elsewhere, as its non-convertible currency reflects, it is more isolated and thus more prone to go it alone. 在其它方面,正如中国的不可兑换货币所体现的那样,中国更为孤立,因此也更倾向于自作主张。
Exchange controls and a non-convertible currency also limit expansion. 外汇管制与不可自由兑换的货币也会限制扩张。
There may come a time in the future when we think that a small, modest exposure to the renminbi notwithstanding it being a non-convertible currency still may be something that we may pursue. 未来某个时候,我们可能会认为持有少量、适度的人民币尽管它仍是一种不可自由兑换的货币是我们也许应该做的事。
I'm afraid we don't accept non-convertible currency, sir. 对不起,我们不接受不能兑换的货币。