If a real exchange rate one would expect to appreciate depreciates, one would also expect China to become more competitive in world markets.

 
  • 如果人們預期會(huì )上升的實(shí)際匯率不升反降,那么人們也就會(huì )認為,中國在國際市場(chǎng)上將變得更有競爭力。
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