The authorities probably would not have moved when they did had it not been for growing market pressure for a depreciation that could help counteract weakening economic growth. In fact, bolstering growth might have been the primary motivation for the country’s political leaders, even as the PBOC remained focused on advancing the longer-term objective of strengthening the market’s role in determining the exchange rate.
当局也许本来不会采取行动，如果日益增加的贬值市场压力能够有助于抵消经济增长颓势的话。事实上，提振增长也许是中国政治领导人的主要动机，尽管人民银行仍关注推进加强市场在决定汇率中的作用这一长期目标。