储备的

This is not a simple issue and it's complicated by the fact that China sits on the world's largest pile of excess reserves – more than $2.3 trillion by some estimates.

这不是一个简单的问题，被中国是世界上拥有最多的外汇储备的事实复杂化了-有人估计中国的外汇储备超过了2.3万亿美元。

Commercial banks are driven by the benefit of excess reserves,and thus they put large amount of funds in the central bank in form of excess reserves to get risk-less benefit, which influences the effect of central bank's money control and monetary policy.

商业银行在超额储备的利益驱动下，因此，他们把大量的资金放入中央银行形成超额储备，以获得低风险的受益，影响了中央银行对货币的控制力和货币政策。

Citigroup cites India's very high ratio of total external finance to forex reserves and high level of mobile capital compared to the reserves as the main drawbacks, making the country highly vulnerable to the global financial crisis.

花旗集团指出，印度的比率非常高的外部资金总额为外汇储备和高水平的资本流动相比，外汇储备的主要弊端，使国家极易受到全球金融危机。

As Anton Brender and Florence Pisani argue in a brilliant study for the Centre for European Policy Studies, the salient characteristic of the capital outflow from emerging economies was that it came in the form of reserves – an overall increase of close to $6,000bn in the noughties.

安东布朗代和弗洛伦斯皮萨尼为欧洲政策研究中心(Centre for European Policy Studies)完成了一份极其出色的研究报告。他们在报告中指出，新兴经济体资本外流的显著特征是，资金是以外汇储备的形式流出的——过去十年，新兴经济体外汇储备总额增长了近6万亿美元。

At present, there are many researches on the scale of foreign exchange reserves through different way studying the moderate scale of the foreign exchange reserves, and formed different methods: demand regress function method, rule of three, opportunity cost theory, etc.

目前这方面的研究很多，从不同角度研究了外汇储备的适度性问题，形成了需求回归函数法、比例法、机会成本说等理论，但这些理论却均在不同程度上存在一定的缺陷，因此单独运用其中任何一种理论都不能对我国外汇储备的规模进行合理的分析。

China has been the first biggest foreign exchange reserved country in the world. With increase of foreign exchange reserve, for the stable of RMB valuta and relieve the international upvalue stress from foreign exchange market for foreign supply is more than need, central bank have to purchase foreign currency for forming huge money supply amount and increase inflation stress.

随着外汇储备的增长，为了维持人民币币值的稳定，减轻外汇市场上由于外汇供给大于需求而产生的人民币升值压力，央行不得不购进外汇，投放基础货币，从而使外汇占款大幅增加，形成巨大的货币供应量，加大通货膨胀的压力。2004年物价的大幅上涨，和外汇储备的快速增长密不可分。

Meanwhile, the Americans allowed the dollar to plunge in value. That angered the Chinese, which keeps most of its $1.76 trillion in foreign reserves in dollars. Chinese officials have accused the Americans of mismanaging the dollar at a time when Washington is still pressing China to appreciate the renminbi to narrow the trade deficit.

同时，美国也允许了美元贬值，这激怒了中国，因为中国的1.76万亿美元的外汇储备大部分都是以美元的形式储备的，中国官员们认为在美国对中国施压要求人民币升值来减少其贸易赤字之时却让美元大幅贬值的做法是不应该的。

A study, aptly from Citigroup (which axed 52,000 people this week), shows cash hoarders now outperforming indebted firms, having lagged before.

一份关于花旗集团的研究表明之前落后的现金储备公司现在远远胜过了债台高筑的企业（指在金融危机之前不保持大量现金储备的公司）。

In America the Federal Reserve opened the spigots, and the dollar's reserve-currency status gives the country unusual fiscal latitude.

在美国，联邦储备系统的灵活自由以及美元货币储备的状况赋予了该国绝对的财政自主权。

Pan Shiyi was a domestic room rate "zero land reserve" an advocate, in 2001 when he was consider the domestic housing market and land market infrastructure conditions and Hong Kong vary greatly, the supply is relatively abundant, and maintain the huge land reserves may form drag; his wife Zhang Xin also said Hong Kong media,"SOHO China's victory in the hands-free manner."

潘师蛇是一项国内的房费&零土地储备&的倡导者，在2001年时，他认为国内房地产市场和土地市场的基础设施条件和香港差别很大，供给相对充裕，并保持庞大的土地储备可能会形成阻力；他的妻子章希嗯还表示，香港媒体，&外SOHO中国的胜利，免提方式。&

I didn't watch TV last night, because it .

昨晚我没有看电视，因为电视机坏了。

Since this year, in a lot of villages of Beijing, TV of elevator liquid crystal was removed.

今年以来，在北京的很多小区里，电梯液晶电视被撤了下来。