The IMF apparently expects a huge decline in China's current account surplus this year.
显然，IMF预期今年中国经常账户盈余将大幅缩减。
The current account surplus is expected to be 3.6% this year. but the surplus is down from 4.7% in 2007.
今年，日本的国际收支经常项目顺差预计为3.6%。然而，这一顺差相比2007年的4.7%有所下降。
Deliberately weakening a currency while running a strong current account surplus has raised eyebrows in Washington.
在累积强劲经常账户盈余的同时故意压低本币汇率，这种做法引起了华盛顿方面的关切。
Like the us, it, too, has a large imbalance with the rest of the world - namely, an outsize current account surplus.
就像与美国一样，它也与世界其余国家也存在大规模的失衡——即巨额经常账户盈余。
Second, as Pettis again reminds us, "you cannot run a current account surplus unless you are also a net exporter of capital."
其次，正如佩蒂斯再次提醒我们的：“除非是资本净输出国，否则不可能出现经常项目盈余。”
Since there is so much intra-eurozone trade, a current account surplus in one member naturally means there will be a deficit in another.
由于欧元区区内贸易量很大，一个成员国的经常项目顺差自然意味着另一个国家的逆差。
But despite the expected dip in surpluses this year, the cumulative current account surplus for the Middle East and Central Asia region remains high.
然而，尽管中东和中亚地区的经常账户盈余预计将回落，但该地区的经常账户累计盈余仍处于高位。
At a fixed exchange rate, a current account surplus not offset by a corresponding voluntary capital outflow will generate an increase in the monetary base.
在汇率固定的情况下，如果没有相应的自愿资金外流，来抵消经常账户盈余，就会造成货币基础的增长。
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%。
If they should decide to reduce the current account surplus, should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation?
如果他们决定减少经常账户盈余，那么他们是否应该允许名义汇率更快上升，或是经济过热和通胀加速？
The region's rising current account surplus - up to over $300 billion in the year to the second quarter of 2006 - continues to finance the lion's share of reserves growth.
东亚地区不断上升的经常项目盈余在2006年第二季度超过3000亿美元，继续构成外汇储备增加的主要来源。 经常项目盈余比一年前上升了13.5％。
Exports are booming, and there should be a current-account surplus this year for the first time in over a decade.
出口越来越好，这一年也许会成为近十年来第一次出现的当年账户贸易顺差。
Yet Japan’s current-account surplus remains big because that appreciation has been largely offset by a fall in domestic Japanese wholesale prices, so exporters remain competitive.
然而，日本的经常账户盈余仍然高企，因为货币升值被日本国内批发价格的下跌抵消的差不多了，所以出口仍然具有竞争力。
But as long as China runs a large current-account surplus, it must, by definition be accumulating foreign assets.
但是只要中国有一个较大的经常项目剩余就必须定义为这是外国资本的积累。
The Chinese current-account surplus in 2008 was 21% of the combined total for surplus countries.
2008年中国的经常项目盈余占所有盈余国家总和的21%。
And unlike America, Germany is a supplier of global credit: its current-account surplus was a hefty 7.7% of GDP last year, according to the OECD.
不同于美国，德国是全球信贷的供应商：据经合组织称，去年其经常账户盈余是达到了惊人的7.7%。
Russia is running a huge current-account surplus, it is paying off the last of its debt and the rouble has just been made fully convertible.
俄国保持着巨大的经常性帐户盈余，正在偿付最后的债务，并且刚刚使卢布可以自由的兑换。
Between 1880 and 1914, Britain ran an average current-account surplus of 5% of GDP. In contrast, America today has a deficit of 7% of GDP.
1880至1914年期间，英国的平均经常项目盈余占其GDP比重的5%，相对比，如今美国的经常项目赤字占其GDP比重的7%。
As a group they are no longer financially dependent on foreigners: together they run a current-account surplus, and thanks to large reserves and reduced debts, are now net foreign creditors.
作为一个整体，他们不再需要依靠国外资本：他们共同经历经常账户盈余，而得益于巨额存款和减债，他们现在是外债的债权国。
But China's large current-account surplus and America's big deficit also suggest that the yuan will have to become much stronger and the dollar much weaker.
但是中国的经常账户上有大量顺差而美国有大量赤字，这就意味着人民币将强势上扬，而美元会更加疲软。
Slower export growth and stronger domestic spending will cause China's current-account surplus to shrink below 5% of GDP in 2010, less than half its peak in 2007.
出口增长放缓和国内消费增强将会使中国的经常帐户盈余在2010年缩至不足gdp的5%，这还不足2007年峰值的一半。
Germany, unlike other rich countries, has avoided deindustrialisation, they point out. With a rapidly ageing population, it is also right to accumulate savings by running a current-account surplus.
他们指出德国不同于其他发达国家的是已经避免了去工业化，而其迅速增加的老龄化人口使得通过国际贸易顺差来增加储备也是合理的。
The report also highlighted that China's current-account surplus had fallen in recent months--which could be an indication that the currency is properly valued.
报告还强调，近几个月中国经常项目盈余下滑，这可能表示人民币汇率处于合理水平。
The report also highlighted that China's current-account surplus had fallen in recent months--which could be an indication that the currency is properly valued.
报告还强调，近几个月中国经常项目盈余下滑，这可能表示人民币汇率处于合理水平。
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