人民币贬值能缓解贸易战冲击,但也有代价_公共英语阅读理解

人民币贬值能缓解贸易战冲击,但也有代价

中国当局已表示，他们并不是在故意压低人民币的价值，以在贸易冲突中获得优势。而且，导致人民币最近贬值的部分原因可能来自与贸易无关的其他经济因素。

But the renminbi does not trade freely. Its price must each day rise or fall within a strict range set by the central bank. That range has been steadily lowered.

但是，人民币不能自由交易。其交易价只能在央行每日设定的严格范围内上下波动。人民币的指导价一直在稳步降低。

The recent slide, which took the renminbi back to last year’s levels, began as the trade-war rhetoric was heating up.

人民币最近的下跌使其回到了去年的水平，下跌是在贸易战言论不断升温时开始的。

While a weakening currency can soften economic blows, it also comes with costs.

虽然货币走弱可以缓解经济冲击，但也有代价。

When China devalued its currency three years ago, fear spread through the country’s economy and markets around the world.

三年前，中国让人民币贬值时，人们的恐惧曾影响了中国经济，还波及了全球各地的市场。

But for China, letting the renminbi slide may have advantages over other responses to American tariffs. Since China exports far more to the United States than it imports, it cannot respond with tariffs on anywhere near the same amount of American products.