Just as US and Chinese officials sit down for their annual strategic dialogue in Beijing, an unintended effect of Europe's financial turmoil has been to upset the handling of China's currency peg. Though the sinking euro makes the economic case for a renminbi revaluation less urgent, it does not much alter the politics of the peg – even less the need for fundamental restructuring in the Chinese economy.
就在美國和中國官員在北京坐下來舉行年度戰略對話的時候,歐洲金融動蕩產生了一個意想不到的效果,那就是影響了中國對盯住匯率制度的改革。盡管歐元大跌使得人民幣升值從經濟上講沒有那么緊迫了,但這并沒有改變盯住匯率的政治利害,更不用說調整中國經濟根本結構的必要性了。
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