That may be an extreme example, but it illustrates a more general point about how merchandise trade can influence financial flows. Countries that produce and export more labor-intensive goods – perhaps owing to increased trade openness, or faster labor-force and productivity growth, all of which are true of China – may experience a rise in saving, but a less-than-equivalent increase in demand for capital.
这或许是个极端的例子，但却足以证明贸易影响资金流动的普遍原则。像中国这样生产及出口劳动密集型产品的国家可能因为贸易开放或劳动力及生产率快速增长而出现储蓄增长，但是对资金的需求却相对匮乏。