大约十年前，鉴于大额贸易顺差囤积了大量硬通货币，中国政府开始承担昂贵的海外承诺，并补贴那些烂泥扶不上墙的“盟友 ” 。
About a decade ago, with massive trade surpluses bringing in a surfeit of hard currency, the Chinese government began to take on costly overseas commitments and subsidize deadbeat “allies.”