战战兢兢造句:请高手来帮忙翻译一下这段!(8)

That's not to say the renminbi will emerge as the dominant Asian currency in the near future. After all, Japan tried and failed to build a yen-trading bloc in Asia at the height of its boom. But the needs of hungry Japanese corporations overseas meant that Japan's banks went on a lending spree that contributed to the weakening of the yen. And some analysts see an interim period during which China
will rely more heavily on the dollar as it pulls in foreign direct investment, bolsters its reserves and stretches its trading wings arther afield.
For now, and perhaps the next few years, there are clear limits to the scope of the renminbi. The overwhelming majority of foreign-exchange transactions in the world involve the trading of shares, goods and services amount to probably less than 10%. China's currency won't figure in financial-service transactions until full onvertibility.
Even if 30 billion renminbi is circulating outside China, that's barely 2% of the total value of the currency in circulation. The dollar will likely continue to dominate the region because the U.S. is a net borrower. "The reason the yen and the euro are not as strongas the U.S. dollar is because both Japan and the European Union are net lenders, not net borrowers," says Freris of BNP Paribas. China is also a net lender with a total estimated foreign debt of $170 billion against its reserves of $300 billion--much of this denominated in U.S. treasuries.
While its spread across Asia presages a wider role, the renminbi's strength against the dollar and yen are far from assured. China may have another economic downturn, or a banking crisis that would puncture confidence. The renminbi also needs to secure legitimacy in the free, open market, rather than in shadowy corners of Southeast Asia's marginal economy. As Zeng of Sparkice points out: "It is only when China has surpassed Japan economically and Japan is bogged down in stagnation that the renminbi can acquire the position as a common currency in Asia."
完.谢谢了急要!!!