储蓄盈余不仅仅意味着实际利率处于低位，而且意味着需要刺激资本输入国的需求，以抵消资本流入的影响。其中，美国是最为重要的资本输入国。

Surplus savings meant not only low real interest rates, but a need to generate high levels of offsetting demand in capital-importing countries, of which the US was much the most important.

youdao

储蓄盈余不仅仅意味着实际利率处于低位，而且意味着需要刺激资本输入国的需求，以抵消资本流入的影响。其中，美国是最为重要的资本输入国。

Surplus savings meant not only low real interest rates, but a need to generate high levels of offsetting demand in capital-importing countries, of which the US was much the most important.

youdao