Several Chinese policies have led to a massive transfer of income from politically weak households to politically powerful companies. A weak currency reduces household purchasing power by making imports expensive, thereby protecting import-competing SOEs and boosting exporters’ profits.
中国实施的一系列政策都是将大量收入从政治上处于弱势的家庭转移到了强势的大企业手里。弱势的人民币使进口商品变得昂贵，降低了家庭购买力，却保护了那些出口型国企并增加了出口商的利润。