美元可能会再次贬值，但是如果中国不将人民币对美元汇率上调的话，贬值对再均衡增长的贡献会很有限。
Its decline is likely to resume but its contribution to rebalanced growth will be constrained if China does not let the yuan appreciate against the dollar.
即便是再聪明的人，也不会指望自己在会议的前一晚稍作思考就能对一个艰深的问题作出重要贡献。
But if you are writing about a profound problem, why would you think that you can make an important contribution off the top of your head in the middle of the night just before the conference?
第三是诸如德国这样的债权国的情绪，德国一再坚持私有债券持有者应作出实质性贡献。
A third is the mood of creditor countries such as Germany, which have been insisting on a "substantial" contribution by private bondholders.
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