在美国市场的中国商品一定程度上可能仍然被低估了。
China's goods may still be somewhat undervalued in American markets.
人民币币值可能仍然被低估，但是我们的指数表明，与5年前相比，美国的制造商不应该那么担心中国的竞争了。
The yuan may well still be undervalued but our index suggests American manufacturing should have less to fear from Chinese competition than it did five years ago.
美国的制造商认为，即使从05年的夏天起人民币开始升值，其兑换汇率仍然被低估了至少百分之四十左右。
American manufacturers contend that the yuan is undervalued by as much as 40 percent even with its increase in value since the summer of 2005.
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