socialists at the i.m.f? The yuan, valuation & convertibility, the s.d.r. basket 'case'

Eminent economists like Dr. John B. Taylor and others have revealed that any Central Bank may control two of the three monetary channels named below.  It CANNOT control all three.  This is the basic criteria that must be met IF a nations currency is to be included in the SDR basket.  China has NEVER met this criteria, yet the I.M.F. staff has decided to preempt itself prior to its own political leadership which possesses final governing authority on the 'Yuan' as a 'currency reserve asset'.

1.  Interest rates
2.  Capital flow
3.  Domestic fiscal policy

Here is the latest, best authority on WHY the 'yuan' cannot be considered a reserve currency.
Peterson Institute for International Economics http://blogs.piie.com/china/?p=4558