undervaluation of currency

基本解释

They argue that Asian economies are pursuing a deliberate policy of currency undervaluation to ensure strong export-led growth.
他们认为亚洲经济体正在有目的地奉行压低货币汇率的政策，从而确保出口拉动经济增长的强劲势头。
The legislation would allow the US to use estimates of currency undervaluation to calculate countervailing duties on imports from China and other countries.
该法案将允许美国方面在针对从中国和其它国家的进口商品计算反补贴关税时，使用估计的汇率低估幅度。
blog.sina.com.cn
The bill would require the commerce department to use estimates of currency undervaluation when calculating so-called “countervailing duties”, imposed against imports deemed to be state-subsidised.
该法案将要求美国商务部在计算所谓的“反补贴关税”（征收对象是被视为得到政府补贴的进口）时，采用估算的汇率低估幅度。
blog.sina.com.cn

The underlying goals of the legislation are things that we share and we need -- there needs to be a level playing field for our businesses and for our workers, and China needs to address the undervaluation of its currency.
WHITEHOUSE: Press Briefing