Some labelled this competitive devaluation.

某些人把这种举动界定为竞争性贬值。

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Competitive devaluation is an inherently unstable system.

竞争性的贬值天生是一个不稳定的系统。

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But the region's leaders seem to realise that a round of competitive devaluation will help no one.

但是地区的领导人似乎也明白了一轮竞争性的货币贬值对任何一方都无济于事。

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Their declaration Friday also promised to avoid competitive devaluation of currencies.

VOA: special.2010.11.13

Otherwise investors may lose confidence in the dollar, triggering an unwelcome American version of competitive devaluation.

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But if they react, that makes the U.S. unhappy and starts another competitive devaluation throughout Asia.

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As most East Asian currencies come down in value, there is obviously some pressure of competitive devaluation.

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