America blames China for its trade deficits and the pressures they inflict on workers, citing a massive accumulation of foreign-exchange reserves as evidence of an unconscionable currency manipulation. China counters by underscoring America’s saving shortfall – a gap that must be plugged by surplus saving from abroad, a current-account deficit, and a multilateral trade imbalance with more than 100 countries.
美国指责中国造成了它的贸易赤字，对它的工人造成了压力，以中国所积累的巨大的外汇储备为证指责中国过度操纵货币。中国则以美国的储蓄不足为反诘——这个漏洞必须通过来自外国的储蓄盈余、经常项目赤字和与100多个国家的贸易不平衡来填补。中国指责美国沉迷于以双边失衡，这是美国多边问题的根源。