On the other hand, foreign criticism of Germany for running a current-account surplus similar to China’s is unfounded. Such criticism disregards two important differences: first, unlike China, Germany, as a member of the eurozone, cannot undervalue its currency.
另一方面，外国批评德国，说它像中国一样维持着经常项目盈余，是没根据的。此类批评忽略了德国和中国的两个重要差异：第一，作为欧元区成员国，德国不可能低估本币汇率。第二，德国的“出口”主要销往欧盟。