The government's tolerance for a stronger yuan may reflect its larger reform ambitions, argues Mark Williams of Capital Economics, a consultancy.

资本经济咨询公司的马克•威廉姆斯（Mark Williams）认为，中国政府对人民币升值的容忍力也许可以反映其巨大的改革决心。

Had the GDP deflator been more accurate, Chang Liu and Mark Williams of Capital Economics reckon, real growth in the first quarter would have been one or two percentage points lower.

凯投宏观的刘畅和马克·威廉姆斯测算，如果GDP平减指数能更加精确，那么第一季度的实际增长率将会再低一至二个百分点。

And even though in this case, the Swiss government did agree to contributing $100 billion liquidity line to UBS as part of this deal, for Mark Williams, a professor of finance at Boston University - he says he's somewhat hopeful.

尽管在这种情况下，作为这次交易的一部分，瑞士政府确实同意向瑞银提供1000亿美元的流动性资金，但对波士顿大学金融学教授马克·威廉姆斯而言，还是抱有希望。