存亡绝续

cún wáng jué xù de jǐn yào guān tóu

存亡绝续的紧要关头

at a most critical moment

dàn zī chǎn shì chǎng shang de shōu yì hé chéng běn fēn xī yuán yú shāng pǐn shì chǎng jí jī běn miàn zhuàng kuàng tā cái shì jué dìng dìng zhù huì lǜ cún wáng jué xù de máo

但资产市场上的收益和成本分析源于商品市场，即基本面状况，它才是决定钉住汇率存亡绝续的锚。

But the gain-and-loss analysis in asset market roots from the goods market, that is, the basic, which is the anchor for a peg.