China, meanwhile, with foreign reserves worth half its total output, denies with a straight face that it is deliberately manipulating the value of the renminbi. So its trade surplus continues to soar at the expense of other countries.
当今世界，货币战争一触即发，贸易保护主义再度抬头，两者都是拉低就业破坏增长的危险因子。美国衰退后的复苏进程十分疲软，并伴随着大量的失业。而中国这个外汇储备相当于其出口总额的一半的国家则不敢直面自己一直刻意操纵人民币汇率的现实，并继续把自己的贸易顺差建立在他国的痛苦之上。