China’s effort to hold down the value of the yuan vis-à-vis the dollar is thus a costly and pointless policy. By delaying a decision to float the yuan, the authorities are merely contributing to greater instability in the Chinese economy.
由此可见，中国抑制人民币相对于美元的价值的政策是费力不讨好的。中国政府迟迟不肯决定升值人民币，只会给中国经济带来进一步的不稳定。