For China, the savings surplus is a result of structural distortions in the financial, corporate and resource sectors.

就中国而言，储蓄过高是金融、企业和资源部门结构性扭曲的结果。

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For now this decline is offset by the strong rise in corporate savings, which is why Japan continues to run a comfortable current-account surplus.

目前，日本公司存款的强势增长能够抵消这种下滑趋势，这也是日本能够持续稳当地维持经常项目盈余的原因。

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Although the corporate sector has a surplus, the household savings ratio plunged from 11.3% in 1998 to 3% last year.

尽管企业部门有盈余，普通家庭的储蓄率已经从1998年的11.3%大幅跌至去年的3%。

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With more than 4m surplus workers, corporate Japan could easily put 2m people on to the street by this time next year, sending the unemployment figure to an unimaginable 7%.

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While speculative attacks against Southeast Asian currencies revealed feet of clay, Hong Kong can point to a chunky budget surplus, rising corporate profits and a growing economy, not to mention formidable exchange-rate defenses.

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The non-financial corporate sector is running a big surplus (ie, it is saving more than it is investing).

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