A resurgent trade surplus will clearly strengthen the argument for rapid appreciation of the renminbi.
复苏的贸易顺差明显地加强了人民币快速升值的论据。
2
If they should decide to reduce the current account surplus, should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation?
如果他们决定减少经常账户盈余,那么他们是否应该允许名义汇率更快上升,或是经济过热和通胀加速?
3
n appreciation of 25-40% is needed just to cut China’s global surplus to 3-4% of its GDP.