In practice, dollar liquidity, limited Washington intervention, and the size and flexibility of US financial markets ensure that countries such as China stockpile dollars.

实际上，美元的流动性，华盛顿的有限干预以及美国金融市场的规模和灵活性都决定了像中国这样的国家会囤积美元。

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Already the company is rated junk by rating agencies, and its cash balances indicate increasingly limited financial flexibility for a prospective turnaround.

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