It is China's policy to establish a managed floating exchange rate regime.
实行有管理的浮动汇率制度是中国既定政策。
Under the managed floating exchange rate regime, exchange rates always fluctuate acutely.
在管理浮动汇率制度下，汇率波动一直相当剧烈。
China establishes a managed floating exchange rate regime based on market demand and supply with reference to a basket of currencies.
中国实施的是以市场供求为基础、参考一篮子货币进行调节、有管理的浮动汇率制度。
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