Among other quotes, one nugget that sticks out:
“In 1973 when I asked, ‘What do you want to be?’ the answers were political,” Mr. Koppel said. “People said, ‘I’d do whatever the motherland needs of me.’ This was a time when intellectuals were being shipped out to the countryside by the millions, and you could not express any personal ambition, because it could cost you your life.
“Today people say, ‘Hey, I want to get rich, I want to make money.’”
And once they drop their peg, float their currency and stop accumulating USD reserves, they will become even richer (at least in terms of purchasing power).