There are also quasi-fiscal costs involved. Fortunately, despite the low returns on foreign assets, this is not yet a major problem for China, owing to the low costs of the corresponding PBOC liabilities.
这还另外牵涉到准财政成本。幸运的是，尽管国外资产的回报较低，但由于对应的中国人民银行借贷成本也不高，所以对中国来说还不算是个重大问题。