In many cases of past rebalancing, an undervalued exchange rate also led to excessive growth in money supply, making it harder to tame inflation.
在很多调整平衡的情况下，低估的汇率还会导致货币供应过度增长，增加平抑通货膨胀的难度。
The irony is that export subsidies and import tariffs are individually disciplined in the WTO but their lethal combination in "an undervalued exchange rate" is not.
具有讽刺意味的是，WTO是分别对出口补贴和进口关税制定规则的，但“低估汇率”中两者的致命结合却未做出规范。
"Countries with significantly undervalued exchange rates committed to move towards more market-determined exchange-rate systems that reflect economic fundamentals, as China is now doing," he said.
“汇率过低的国家需要承诺转向反映经济原理的市场决定的汇率机制，就像中国现在做的一样”，他说到。
But China's economy is disproportionately skewed to heavy industry in part because of its undervalued exchange rate.
但是中国经济之所以非常不成比例的倾向于重工业，被低估的汇率是其中一个原因。
Chinese yuan is not undervalued and China will keep the yuan's exchange rate basically stable at a reasonable and balanced level.
人民币的币值没有低估，中国将保持人民币汇率在合理均衡水平上的基本稳定。
The undervalued of RMB exchange rate will promote China's economic growth, while the overvalued of RMB real exchange rate will hinder China's economic growth.
人民币实际汇率低估促进中国经济增长，而人民币实际汇率高估则将阻碍中国经济增长。
From 1994 on, RMB real exchange rate is mainly in a state of undervalued.
自1994年以来，人民币较多的处于低估状态。
From 1994 on, RMB real exchange rate is mainly in a state of undervalued.
自1994年以来，人民币较多的处于低估状态。
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