考虑到出口和房地产未来前景的不确定性，我们应更多地关注中国的消费者。

Given the uncertain outlook for exports and property, much more attention is now being paid to Chinese consumers.

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但是人民币升值和伴随而至的利率上升会给房地产市场注入更多水分。

But a stronger RMB, and the higher interest rates that might accompany it, would throw more water at the housing market.

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不只是房地产和金融这些泡沫产业的薪资削减了5%或更多，制造、零售、批发、运输和信息技术产业也发生了同样的情况。

Payrolls were slashed by five per cent or more not just in the bubble categories of construction and finance but also in manufacturing, retail, wholesale, transportation, and information technology.

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