revaluations

In the last week, currency markets have once again launched an attack on the GCC pegs amid rumours that revaluations are imminent, pushing the Qatari riyal, the UAE dirham and the Saudi riyal to their highest levels since December.

这是一个两难困境。上周，在升值在即的传闻中，外汇市场再度向海湾合作委员会国家的汇率盯住机制发起攻击，推动卡塔尔里亚尔、阿联酋迪拉姆和沙特的里亚尔汇率升至去年12月以来的高点。

Hong Kong developers have benefited from an 80 per cent increase in average home prices since 2009. Sun Hung Kai reported record underlying profit ( excluding property revaluations) of HK$ 21.5bn, a 55 per cent year-on-year increase, in its last financial year.

自2009年起，香港平均房价上涨了80%，开发商从中受益。新鸿基财报显示，上一财年其基础利润（不计房产价值重估）达215亿港币，同比增长55%。

There is a perception in China that the currency revaluations of the 1980s ended the Japanese economic miracle, says Mark Manger, an expert on political economy at the London School of Economics, so they are very reluctant to follow suit.

在中国有这样一种看法，即上世纪80年代日元的升值，终结了日本的经济奇迹，伦敦政治经济学院（LSE）政治经济学专家马克曼格（Mark Manger）表示。因此他们非常不愿意重蹈覆辙。