Their prosperity depends on export-led growth.
他们的繁荣依靠的是出口带来的增长。
Another is over-reliance on export-led growth.
另一个原因是对出口拉动型增长的过度依赖。
Thus the "Asian model" of export-led growth was born.
出口导向型的“亚洲增长模式”由此诞生。
Germany's recent success makes export-led growth seem attractive.
德国最近的成功使得出口导向型增长显得更具吸引力。
The first of these is that Italy is an export-led economy like Germany.
第一个是意大利像德国一样是出口导向型经济。
If the American economy buckles, Germany's export-led growth could quickly fade.
如果美国经济疲软，德国仰仗出口的经济增长必将马上衰退。
Japan watched in alarm as a rising yen (chart 5) threatened its export-led recovery.
日本担忧地关注威胁其出口导向型经济复苏的日元升值(图表5)。
There is no sign of an export-led recovery with productive industries falling by 1.4%.
生产性行业产出下降了1.4%，看不到出口导向复苏的迹象。
It also says it will steer the economy away from export-led growth towards domestic demand.
该党还表示会将经济由出口导向转变为靠内需拉动增长。
The virtuous circle of low labour costs, foreign investment and export-led growth is outdated too.
廉价劳动力成本的良性循环、外国投资和出口导向型的增长模式也已过时。
Since the collapse of Lehman Brothers in September, export-led manufacturers have been hit hardest.
自从去年九月雷曼倒闭后，出口导向型制造商受损惨重。
Wage pressures are building in China - even outside export-led zones, and in non-exporting industries.
中国的薪资压力正在积聚，即便在出口导向型的经济特区以外、在非出口产业也是如此。
Japan used to see itself as the lead goose in a regional flight formation, showing the way to export-led prosperity.
过去日本总是以该地区领头羊的身份自居，踏出了一条出口拉动的繁荣之路。
For Britain, hopes that manufacturers will ride the low pound towards an export-led recovery lent particular reassurance.
在英国，制造商利用英镑汇率低企之机实现出口导向型经济复苏的希望，更是增加了人们的信心。
But the popular notion that China is dependent on export-led growth is a myth; domestic demand is much more important.
但中国经济依靠出口导向型增长这一流行观点纯属子虚乌有；国内需求其实更为重要。
They argue that Asian economies are pursuing a deliberate policy of currency undervaluation to ensure strong export-led growth.
他们认为亚洲经济体正在有目的地奉行压低货币汇率的政策，从而确保出口拉动经济增长的强劲势头。
And if America were able to emulate the emerging economies' export-led growth, it would not need to borrow their industrial policies.
并且如果美国能够模仿新兴经济体的出口导向增长，它就没有必要参照它们的产业政策。
As China's experience suggests, keeping the exchange rate weak in support of export-led growth becomes harder to sustain over time.
中国的经历表明，随着时间的推移，通过压低币值来扩大出口的道路将越来越难以维继。
Today more balance-sheets need repair, the prospects for export-led growth are dimmer, and the increases in public debt will be broader.
今天更多的资产负债表需要被修复，出口拉动型增长的前景更加暗淡，公债的增加将会更加广泛。
But Mr Bernanke says that the blame lies with countries such as China that have undervalued their currencies in pursuit of export-led growth.
但伯南克表示，责任在于中国等为了追求出口导向型增长而低估本国货币的国家。
US consumers are no longer going to be the engine for Chinese export-led growth, but nor can Chinese savers continue to finance American borrowing.
美国消费者将不再是中国出口拉动型增长的引擎，而中国储蓄者也不再能够继续为美国的借贷提供资金。
An unprecedented external demand shock, stemming from rare synchronous recessions in the developed world, devastated the export-led Chinese growth machine.
由于发达国家罕见地同时出现衰退，一场前所未有的外部需求骤降，摧毁了以出口为导向的中国增长机器。
And if increasing foreign demand for the renminbi pushes up its value, China's export-led growth model - which relies on an undervalued currency - may become unsustainable.
而如果外国对人民币需求的上升推高人民币的币值，中国的出口导向型增长模式(这种模式有赖于人民币低估)可能会变得不可持续。
And if increasing foreign demand for the renminbi pushes up its value, China's export-led growth model - which relies on an undervalued currency - may become unsustainable.
而如果外国对人民币需求的上升推高人民币的币值，中国的出口导向型增长模式(这种模式有赖于人民币低估)可能会变得不可持续。
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