铁矿石交易员称，买家正在场边观望；由于出口下滑且信贷收紧，钢厂不愿采购铁矿石，中国港口的库存不断累积。

Iron ore traders say buyers are standing on the sidelines and stockpiles are rising in China's ports as a drop in exports and tightening credit make steel mills reluctant to add inventory.

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他说，由于全球性的衰退，2009年的出口可能会比去年同期下滑6%。

Exports may decline 6 percent in 2009 from a year earlier because of the global recession, he said.

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由于没有本国货币可以贬值，这些国家应对出口下滑的唯一途径就是收缩本地需求，让进口下降得更加迅猛。

With individual currency devaluation not an option, the only way these countries can adjust as exports fall is for imports to fall even faster through a contraction in domestic demand.

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