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人民币升值不大可能给美欧制造商注入活力,并使它们有能力对付聪明的中国对手。它们已被“打趴下”了。被大量涌入的廉价中国商品冲走的西方制造商不会更换机械设备并重新开张。近来,中国面临的唯一竞争对手来自其他发展中国家。
Appreciation of the renminbi is unlikely to inject vitality into US and European manufacturers and empower them to deal with smart Chinese rivals. They have been “hit the ground”. Western manufacturers swept away by the influx of cheaper Chinese goods do not change machinery and reopen. Recently, China has faced only competitors from other developing countries.