The trade surplus leads to large inflows of foreign currency, which is bought up by the central bank in order to hold down the exchange rate.
贸易顺差使得大量的外资流入,这些都是央行买来作为压低汇率之用的。
The trade surplus pours a steady stream of foreign-currency export earnings into China, funds the central bank buys up in exchange for local currency and holds in its official reserves.
贸易顺差给中国带来了稳定的外汇出口收益,给中国央行提供了收购资金以交换本币并维持官方储备。
In theory, flows of foreign money into China should push up the yuan, but China has resisted this, forcing the central bank to buy up the surplus foreign currency.
理论上,外资流入中国将抬高人民币,但中国拒绝人民币升值,迫使央行花光外汇盈余。
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