As large amounts of dollars flow into China through net exports and foreign investment the Chinese central bank must buy up these dollars at the pegged exchange rate.

由于大量美元通过净出口和外国投资的形式流入中国，中国央行必须按盯住的汇率买进这些美元。

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Under long time settlement foreign exchange system, enterprise ability is low in adjusting foreign exchange net cash, fluctuation of exchange rate result in a great loss of net cash.

在长期实行的结售汇制定下，企业调整外汇净头寸的能力非常差，汇率波动对净头寸造成的损失是巨大的。

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These are unleveraged rates, which mean that with 10 times leverage, for example, net of any exchange rate changes, the interest income would be that much higher.

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