It is natural to be impressed with the way Chinese markets are shrugging off the turmoil in the West.

中国市场没有受到西方金融市场动荡的影响，这一点自然令人印象深刻。

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Too often China wants the power due a global giant while shrugging off the responsibilities, saying that it is still a poor country.

但是，中国经常一方面要求获得与全球性大国地位相匹配的权利，一方面却推卸应承担的责任义务，并且声称自己仍然是个穷国。

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It is a continent which is shrugging off the sleep of centuries.

它是一个正在摆脱几百年沉睡状态的大陆。

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But Strachan was shrugging it off as just one of those games when everything went right for the underdogs.

BBC: Content Strachan ponders Kljestan

Speaking of Japan effect, although many companies are now shrugging it off, saying sales in Japan are not material, or not materially affected, and supply issues have been managed by sourcing elsewhere, the quake and tsunami occurred with only three weeks left in the quarter, and the merchant market and inventory were sufficient to carry most companies through.

FORBES: Pieces Of The Q1 Puzzle Fall Into Place

Yes, the market appears to be shrugging off significant geopolitical risk and it continues to discount the possibility that the Japanese tragedy will spin out of control, but I suspect another more fundamental force is at work.

FORBES: Bevy of Black Swans Or Just A Flock of Seagulls?