英譯中

　　If there’s a threat of dangerous deflation—a general fall in prices—the causes lie as much in Europe and Japan as in the United States. The inevitable collapse of America’s speculative boom need not have been especially damaging if the world’s other advanced economies were healthy. Their expanding appetite for imports would have bolstered the United States and so-called emerging market countries, from Brazil to South Korea. The trouble is that other advanced economies aren’t healthy.

　　Deflation could emerge from simultaneous slumps in the world’s three major economies. Prices drop because there’s too little global demand chasing too much global supply—everything from steel to shoes. Japan’s ills are well known its banks are awash in bad loans. Less understood (at least in the United States) is the fact the Europe’s troubles stem significantly from Germany. Germany is Europe’s “sick man”, just as Japan is Asia’s. Only 15 years ago, these countries seemed poised to assume leadership of the world economy. Now they are dragging it down.

　　中譯英

　　中國改革開放以來，國民經(jīng)濟(jì)年均增長速度達(dá)到9.7%。中國已經(jīng)發(fā)展成為一個(gè)全球極富吸引力的大市場。世界各國和地區(qū)不少有遠(yuǎn)見卓識(shí)的企業(yè)家， 都將目光投向了中國，投向了西部，并從投資活動(dòng)中獲得了豐厚的回報(bào)。中國加入世貿(mào)組織后，外商參與中國西部開發(fā)的機(jī)會(huì)越來越多。西部大開發(fā)一定能成為溝通 世界各國和中國的一座橋梁，促進(jìn)中國和世界經(jīng)濟(jì)共同發(fā)展，共同繁榮。