The debate over how to value the yuan is at the heart of the two-year struggle by the country’s policymakers to slow down China’s overheating economy. One response was the decision by the People’s Bank of China to increase the one-year interest rate from 5.31% to 5.58%– its first rate hike in over nine years – in an effort to curb fixed-investment growth, staunch increasing prices, and offset a worrying decline in savings.
关于如何评估人民币价值的争论是该国政策制定者们两年来为缓解中国经济过热所作努力的核心。对这个问题，一种回答是中国人民银行将一年期利率从5.31%调高到5.58%的决定--该行九年多来首次调高利率--以限制固定投资的增长、遏止物价的上扬、挽回令人担忧的储蓄下降。