Its economy has taken the force of three shocks: a housing bust, a banking crisis and an export collapse.
经济出现了三个打击点：房地产不景气，银行危机和出口崩溃。
2
The first big oil crisis was in the 1970s when the OPEC export embargo was followed by stagflation.
第一次大的石油危机发生于1970年代，当时OPEC的出口禁运与滞涨不期而遇。
3
Therefore, China's export growth is approaching a bottleneck that has nothing to do with the U.S. subprime crisis, yuan appreciation, or cuts in export, value-added tax rebates.