Beijing was afraid of a damaging crash.と言うのは間違ってて、意図的に
相場を動かしてバブル益を回収したということかもしれないということですね。
底が抜けるのを慌てて手当てしたという行動と矛盾がある解釈ですが、後で
良く考えてみないといけないですね。
4. Declining exports
A move away from an over-dependence on exports is official government policy. But the recent weakness in the sale of goods overseas has been more marked than expected, and has helped to contribute to declining world trade and the drop in commodity prices. The cost of maintaining the yuan’s level against the US dollar has been a drop in foreign exchange reserves and an 8.3% drop in exports in the 12 months to July.
