Beijing called it a step towards financial liberalisation but that did little to mask the true nature of a decision that, at a stroke, reduced the value of the renminbi by 1.9 per cent. This was a devaluation — a modest one, but still the biggest one-day change in the value of the currency since China began daily adjustments a decade ago. The consequences may be profound.
北京方面周二突然将人民币贬值1.9%，称这是向金融自由化方向迈进的一步，但这无助于掩盖该决定的真正本质。这是一个贬值举动——幅度不大，但仍是manbetx3.0 10年前开辟人民币每日浮动区间以来最大的单日变动。其后果可能是深远的。
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