为追求高额利润或保值而在全球范围内频繁流动的国际短期资金international speculative capital

• 人民币的非自由兑换很大程度上防范了国际游资的冲击。

  Controls on the exchange of renminbi have greatly reduced the impact of international speculative capital.

• 人民币升值预期会导致国际游资的流入，流动性加剧。

  Forecasts of an appreciation in renminbi have caused inflows of international speculative capital, with an intensification in liquidity.