Without that exchange-rate adjustment, faster export growth would expose the Chinese economy to the risk of overheating. But, with the adjustment, Chinese consumers will spend more on imports and less on domestic goods.
如果出口增速上去了，还不调整汇率的话，将会使中国经济面临过热风险。调整则会促使中国消费者增加进口商品消费，减少国产商品消费。过热由此得以避免，中国经济仍能以10%的年增长率大步向前。