Even that level of growth, however, leaves huge challenges for China's economic and social development China Faces serions deflationary pressures.

不过即使是这样水平的增长，中国经济和社会增长仍然面临着巨大的挑战。

Policymakers hope to head off deflationary forces in Australia with Tuesday's action after a low inflation reading in the first quarter.

数据显示，澳洲第一季胀率放缓，决策者希望过周二采取的这项措施可以扭转该缩局面。

We think we're heading into a highly deflationary period.

我们认为我们将进入一个高度货紧缩的时期。

The sustainability revolution, including renewable energy, is massively deflationary.

可持续发，包括可再生能源， 是大规模的货紧缩。

Perhaps deflationary pressures are spreading, or perhaps China's statisticians have got their sums wrong.

或许缩压力正在蔓延，或者是中国的统计人员算错了。

There are signs that the country's deflationary pressures are starting to ease.

有迹，该国的缩压力开始缓解。

Most Bitcoin owners never want to sell it because it's deflationary.

大多数比特币持有者都不愿出售，因为比特币具有货紧缩的特性。

If America pulls back, we stop buying Chinese goods, China goes into a deflationary spiral.

如果美国撤退，我们停止购买中国商品，中国将陷入货紧缩的螺旋。

In fact, if you get real growth, productivity-driven, real growth, it is disinflationary if not deflationary.

事实上， 如果你获得了真正的由生产力驱动的增长，这种增长是抑制胀的， 如果不是缩的话。

After an initial deflationary pulse, the net effect of this turmoil was to push up prices.

在最初的货紧缩脉冲之后，这场动荡的净效应是推高了价格。

You've written a lot about tariffs, tariff structure, what it means for China, the deflationary path.

您已撰写了许多关于关税、关税结构、对中国意味着什么以及缩路径的文章。

So hopefully those industries will eventually be deflationary.

因此，希望这些行业最终能带来货紧缩。

We got the first, the deflationary spiral.

我们了解了第一个概念，即货紧缩螺旋。

And for the deflationary spiral reasons that we've already explained, it also lowers the cost of groceries.

并且， 由于我们已经解释过的缩螺旋原因，它还能降低食品杂货的成本。

They can erode profits, depress confidence, and deter borrowing and investment, which will only add to deflationary pressure.

它们会侵蚀利润， 抑制信心，并阻止借款和投资，这只会增加货紧缩的压力。

And so now China's like, OK, well, we have one less place where we can avoid our deflationary spiral.

因此，现在中国就像是在说：“好吧，我们又少了一个可以逃避货紧缩漩涡的地方。”

The basic cause of the crash was the defiance by private business against Jackson's hard-money policy, which was deflationary.

崩溃的基本原因是私营企业对杰克逊的硬货政策的蔑视, 这种政策是货紧缩的。

But the dilemma is that, if they overreact, they depress consumption further and induce deflationary pressure, just as energy prices return to earth.

但两难的是，如果他们反应过度，进一步抑制消费，会引发缩压力，就像能源价格回落一样。

I know I want to spend time there, but deflationary spiral, that went right over me.

我知道我想在那里花时间，但货紧缩螺旋，那对我来说有点超纲了。

Okay, so the way that trade wars lead to a deflationary spiral is utterly fascinating.

贸易战争导致缩螺旋的方式简直令人着迷。