8月份中國外匯儲備小幅縮水
Total reserves fell to US$3.185tn in August, according to the People’s Bank of China, down 0.5 per cent from July’s figure and within the range of change established by recent fluctuations.
中國央行數據顯示，8月份中國外匯總儲備滑落至3.185萬億美元，比7月份減少0.5%，未超出近期波動確立的變化區間。
While the latest reading marks a second month of contraction and a low point for the year to date, the dip is marginal in comparison to the losing streak in late 2015 and early 2016 that had global markets on edge.
雖然這一最新數字標誌着中國外匯儲備連續兩個月下降和創下今年迄今的新低，但與去年底、今年初那波令全球市場緊張不安的下降相比，8月份的降幅微不足道。
Those falls had been driven by capital outflows that were themselves spurred by continued and dramatic devaluation of the renminbi.
去年底、今年初的那波下降是由資本外流驅動的，而資本外流本身又是由人民幣持續大幅貶值誘發的。
While China’s currency has experienced an extended weakening streak against the dollar since May, tighter capital controls and surprise shifts in the central bank’s trading band fix for the renminbi against the dollar – like the one today – have kept markets from profiting more substantially from the fall.
雖然自5月份以來人民幣相對美元持續疲軟，但資本管制的收緊和中國央行設定的人民幣兌美元匯率中間價的意外變化——比如今天的情形——令市場無法從這波下跌行情中大舉盈利。
