If the Federal Reserve raises interest rates, China must follow suit to keep capital from flowing out, despite the negative impact of higher interest rates on domestic growth. Given the US dollar’s dominance in international transactions, Chinese companies investing abroad also face risks associated with exchange-rate fluctuations.
因此，中国仍将受美国货币政策制约。如果美联储提高利率，中国也必须跟进以防资本外流，即使提高利率会对国内增长产生消极影响。由于美元在国际交易中处于主导地位，中国公司的海外投资仍将面临汇率波动的相关风险。