The results show that Chinese foreign exchange reserve long-term equilibrium demand and actual scale inconsistencies, margin over time constant changes, and more than a moderate scale.

结果表明我国外汇储备长期均衡需求与实际规模并不一致，差额随时间推移不断变化，并且超过了适度规模。

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The deals let the Japanese firms exit capital-intensive, low-margin businesses in which scale is needed but the product is little differentiated.

这些交易使得日本企业退出了资本密集型的低利润市场，这个市场的规模很可观，但是产品差异度很小。

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Most important, the deals looks eminently sensible: companies are shedding low-margin businesses that require a lot of capital investment and scale to do well.

最重要的是，这些交易相当明智：公司砍去那些需要大量资本投入和须一定规模才能做好的业务。

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Margin benefits from greater scale and operating leverage.

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"We are just starting to see the full potential of the global scale and the operating margin benefits through the One Ford plan, " Fields said.

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As a focused directory business, we also believe returns to scale and potential incremental operating margin remain significant.

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