Chinese policymakers should bear in mind that the value of the yuan is only one among many factors that affects the competitiveness of China’s economy. After all, a currency can appreciate while an economy is sluggish, or depreciate despite robust growth.
中国的决策者们应该记住，人民币的价值只是众多影响中国经济竞争力的因素之一。毕竟，货币可能在经济萧条时增值，也可能在经济健康增长时贬值。