The other reason for concern about China's external position is that the country is still running a huge current account surplus – near to 8 per cent of GDP.

对中国外部处境感到担心的另一个理由是，该国仍有巨额经常账户盈余，接近GDP的8%。

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Other countries see Germany's huge current-account surpluses as almost as big a problem as Greece's deficits.

其他国家认为德国经常账户的巨额盈余几乎和希腊的赤字一样是个大麻烦。

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Yet the euro's external balance concealed a huge internal divide between places like Germany, with excess savings, and countries such as Spain and Greece, with huge current-account deficits.

但是欧元对外的平衡却掩盖了一些国家与国家之间巨大的内部差距。比如德国拥有多余的储蓄，而西班牙和希腊却负担着庞大的经常项目赤字。

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Such developments will make it harder for America to finance its huge current-account deficit.

ECONOMIST: The dollar

Then, excess demand resulted in higher inflation, huge current-account deficits and rampant asset-price inflation.

ECONOMIST: China's economy

For years economists have predicted that America's huge current-account deficit would eventually cause its currency to plunge.

ECONOMIST: Currencies