The government’s alarm at the sharper-than-expected economic slowdown was reflected in its heavy-handed intervention in July to freeze stock markets in the midst of a dramatic price correction. That move was followed this month by a surprise devaluation of the renminbi, which suggests that the shift away from export-led growth is not working as hoped.
政府对比预期更剧烈的经济减速的警惕体现在其7月份大手笔干预在大幅回调中丧失了流动性的股市中。随后是本月出人意料的人民币贬值，这表明从出口拉动型增长的转型没有如希望的那样见效。