A resurgent trade surplus will clearly strengthen the argument for rapid appreciation of the renminbi.
复苏的贸易顺差明显地加强了人民币快速升值的论据。
If they should decide to reduce the current account surplus, should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation?
如果他们决定减少经常账户盈余,那么他们是否应该允许名义汇率更快上升,或是经济过热和通胀加速?
n appreciation of 25-40% is needed just to cut China’s global surplus to 3-4% of its GDP.
25%-40%的增长是需要的,以削减中国的全球过剩至其GDP的3%-4%。
应用推荐