1.But since last July, when Chinese exporters were in severe distress, the renminbi has been pegged tightly against the dollar.
但自去年7月中国出口企业陷入严峻困境以来，人民币再次紧紧钉住美元。
2.Half of that gain has come in the past two months, while the credit crunch has inflicted severe distress on other world markets.
其中半数涨幅来自过去两个月，而在这段时间中，全球其它股市则饱受信贷紧缩的冲击。