人民币汇率也在一直缓慢地升值，但迄今生产率的提高，意味着中国制造商尚无须提高出口价格。
China's currency has also been gently appreciating, but so far improvements in productivity have meant that Chinese manufacturers have not needed to raise export prices.
它抑制了汇率升值，令债券收益率曲线更为陡峭，由此对银行构成支持。
It has held back currency appreciation and steepened the bond yield curve, supporting Banks.
这取决于一个国家的经济（规模）、增长率以及实际汇率的升值情况。
That depends on the size of a country’s economy, its growth rate and the appreciation of its real exchange rate.
这取决于一个国家的经济（规模）、增长率以及实际汇率的升值情况。
That depends on the size of a country’s economy, its growth rate and the appreciation of its real exchange rate.
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