这导致人民币贬值压力上升，迫使中国人民银行花费超过1万亿美元的外汇储备来支撑汇率，然而这仍不足以制止投资评级机构穆迪在本月初调低中国的信贷评级，使决策者们疲于招架。
This has increased downward pressure on the renminbi, and has forced the PBOC to spend more than $1 trillion in foreign-exchange reserves to prop up the exchange rate. And yet that still wasn’t enough to prevent Moody’s Investors Service from downgrading China’s credit rating earlier this month, leaving policymakers on the defensive.