A small appreciation would probably worsen China's monetary predicament by increasing the size of capital inflows, as investors bet on more appreciation down the road.
A small appreciation would probably worsen China's monetary predicament by increasing the size of capital inflows, as investors bet on more appreciation down the road.
小幅度增值引起的资本流入增加可能会恶化中国的货币困境，因为投资者们都在赌接下来的更大的增值。