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The US-China currency dispute remains heated. This column argues that if a real appreciation in the Chinese currency is not achieved through exchange rate adjustment, it will happen through inflation in China and deflation in the US. It says a better Chinese policy mix would involve nominal appreciation of the renminbi combined with absorption-increasing policies such as developing human infrastructure.[ 本帖最后由 Namiko-zs 于 2012-2-11 12:24 编辑 ]
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The US-China currency dispute remains heated. This column argues that if a real appreciation in the Chinese currency is not achieved through exchange rate adjustment, it will happen through inflation in China and deflation in the US.
中美汇率争端仍在加热。本专栏认为：中国货币的实际升值如果不是通过汇率调整来实现的，那么它会引发中国的通货膨胀和美国的通货紧缩。
It says a better Chinese policy mix would involve nominal appreciation of the renminbi combined with absorption-increasing policies such as developing human infrastructure.
据说，更好的中国政策组合将涉及人民币升值，升值将伴随吸收增加（absorption-increasing术语翻译为什么？吸引投资）政策，如开发人力基础设施。
FYI
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嘿嘿，谢谢楼上的。。我已经乱七八糟差不多整篇翻好了。。。
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