Vicious circles of economic instability, devaluation, and capital flight have brought down seemingly unbreakable regimes throughout history. This probably explains the whiff of panic that followed China’s tiny, but totally unexpected, devaluation of the renminbi.
在历史上，经济动荡、贬值和资本外逃的恶性循环频频令看似不可动摇的政权轰然倒塌。这也许可以解释为何人民币小幅（但完全出人意料的）贬值会带来恐慌。