Meanwhile, America was running trade surpluses and was a net creditor nation.

而此时的美国贸易盈余,是一个净债权国.

Corporate profits are surging as well as trade surpluses and government budgets.

公司的利润、贸易盈余以及政府的预算都在急剧上升.

They preferred to run very large trade surpluses, a kind of forced public saving, rather than spend their new wealth.

他们倾向于保持巨额的贸易盈余，一种强制的公共储蓄，而不愿消费掉他们的新增财富。

The result of Germans’ prowess at exporting, combined with their reluctance to spend and invest, has been huge trade surpluses.

德国的强力出口和他们不情不愿的消费和投资造成了巨大的贸易顺差。

At this exchange rate, Chinese manufacturing has a large cost advantage over its rivals, leading to huge trade surpluses.

在这一汇率水平，中国制造业对于其对手拥有巨大成本优势，从而导致巨额贸易盈余。

China and Germany rejected U. S. calls to rein in their trade surpluses and bashed Federal Reserve policies that they said undermined the dollar.

中国和德国反对美国要求他们遏制自身贸易顺差的呼吁，并抨击了美联储（Fed）的政策，说其政策打压了美元汇率。

The snag is that even if net exports were no longer contributing to China's growth, its trade surpluses with America and Europe would continue to loom embarrassingly large.

而现在的麻烦是即使中国不再靠净出口拉动增长，中国与美国及欧洲之间的贸易顺差依然大的令人发憷。