But exchange rates do affect the pattern of growth, and it is in China’s own interest to restructure and move away from high dependence on export-led growth. China recognizes that its currency needs to appreciate over the long run, and politicizing the speed at which it does so has been counterproductive.
但是汇率确实会影响经济的增长方式。脱离对出口引导的增长形式的高度依赖，重组增长结构，是符合中国自身利益的。中国认识到它的货币在长期中需要升值，而把货币升值的速度政治化是有害无益的。（自从2005年7月，中国开始上调汇率以来，大多数专家认为，调整的额度要么是需要值的一半，要么超出。）此外，进行双边对抗是不明智的。