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preclude vt. 排除;妨碍;阻止\a moot point 悬而未决的问题
If Yi's characterization of the currency agreement is accurate, then it would represent a major triumph for Beijing. China avoided a broad currency-related commitment. As one Goldman analyst pointed out, promising not to undertake direct intervention doesn't preclude the possibility that Beijing could engage in indirect intervention (as many central banks do).
This would imply that the enforcement issue will be the biggest obstacle to a final accord. Remember, Robert Lighthizer's insisted that a lot of time had been spent "on currency" and that an enforceable agreement would be part of the final deal.
And nearly two weeks after the initial tariff deadline, it remains unclear how this would work, since talks have largely foundered on a broader enforcement mechanism, as Beijing has demanded that the US simply trust it to keep its promises.
However, ultimately this might be a moot point: After a sharp depreciation against the dollar over the past year, Beijing has other incentives to stabilize the yuan, including maintaining economic stability at home.
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