Instead, by resorting to their traditional incremental approach, Chinese policymakers undermined confidence that they know what they are doing. Because they adjusted the exchange rate without describing their motives, they merely encouraged the belief that China’s economic performance is even worse than official data suggest.
相反，通过龟缩到自身传统的渐进式手段，中国的政策制定者们令外界失去了信心，觉得这些官员根本不知道自己要干什么。这种不解释自身动机而单纯调整汇率的做法只会让别人认为中国的经济形势肯定要比官方数据显示的更差。