Rather, low interest rates, an export boom and a business environment in which managers are scarcely accountable to shareholders may have generated too much of the stuff.

这个局面不如说是由低利率、强劲的出口和经理不用对投资者负责的经营环境共同造成的。

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The proportion of a company's export earnings needed to cover interest and principal repayments of its overseas loans. 20% is regarded as the ceiling but could be changed.

一企业偿还外债（包括还本及付息）的金额占其出口收入的比例，20％通常被视为可接受的最高比例，但确切水平难以确定。

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Rather, low interest rates, an export boom and a business environment in which managers are scarcely accountable to shareholders may have generated too much of the stuff.

ECONOMIST: Japan's pain

Lord Inglewood, of the Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest (RCEWA), called it "a rare survivor".

BBC: Rare Cropsey landscape in export bar

With a heavily export-led development model, the feeling was that it was in China's interest to prop up the dollar system.

BBC: Mr Osborne and China's long road to a global currency