正如中国需要允许人民币升值，德国也需要提高真实汇率 — — 不管从绝对数量还是从占GDP的比重来看，德国的经常项目盈余均超过了中国。
Just as China needs to allow the renminbi to rise, so Germany – whose current-account surplus exceeds China's both as a share of GDP and in absolute terms – needs a higher real exchange rate.