- Ellen Marie Chen (1989) :

In engaging in warfare it is said:
I dare not be the host but be the guest,
I dare not advance an inch but retreat a foot.
This is called to march without advancing,
To roll up one's sleeves without baring one's arms,
To throw a rope without an enemy,
To carry without a weapon.
Of all calamities (huo),
None is greater than underestimating one's enemy.
In underestimating my enemy,
I risk losing my treasure (pao).
Therefore when opposing armies are engaged in battle,
The sorrowful party will win. (Ⅴ)

- World by world translation :

Traditional // simplified // pinyin // definition // dictionary
用 // 用 // yòng // ① utiliser ② employer ③ avoir à faire ceci ou cela ④ manger ou boire ⑤ frais ou dépenses ⑥ utilité ⑦ c'est pourquoi ⑧ donc ⑨ par conséquent // Chinese-French
用 // 用 // yòng // ① to use ② to employ ③ to have to ④ to eat or drink ⑤ expense or outlay ⑥ usefulness ⑦ hence ⑧ therefore // CC-CEDICT
兵 // 兵 // bīng // ① soldat ② arme ③ armée ④ militaire ⑤ guerre ⑥ stratégie // Chinese-French
兵 // 兵 // bīng // ① soldiers ② a force ③ an army ④ weapons ⑤ arms ⑥ military ⑦ warlike ⑧ CL:個|个[ge4] // CC-CEDICT
有 // 有 // yǒu // ① avoir ② posséder ③ il y a ④ exister // Chinese-French
有 // 有 // yǒu // ① to have ② there is ③ there are ④ to exist ⑤ to be // CC-CEDICT
言 // 言 // yán // ① dire ② mot ③ parole ④ opinion ⑤ propos // Chinese-French
言 // 言 // yán // ① words ② speech ③ to say ④ to talk // CC-CEDICT
吾 // 吾 // wú // ① je ② mon // Chinese-French
吾 // 吾 // wú // ① surname Wu // CC-CEDICT
吾 // 吾 // wú // ① I ② my (old) // CC-CEDICT
不敢 // 不敢 // bù gǎn // ① ne pas oser // Chinese-French
為主 // 为主 // wéi zhǔ // ① to rely mainly on ② to attach most importance to // CC-CEDICT
而 // 而 // ér // ① et ② mais ③ tandis que ④ alors que // Chinese-French
而 // 而 // ér // ① and ② as well as ③ and so ④ but (not) ⑤ yet (not) ⑥ (indicates causal relation) ⑦ (indicates change of state) ⑧ (indicates contrast) // CC-CEDICT
為 // 为 // wèi // ① because of ② for ③ to // CC-CEDICT
為 // 为 // wéi // ① as (in the capacity of) ② to take sth as ③ to act as ④ to serve as ⑤ to behave as ⑥ to become ⑦ to be ⑧ to do ⑨ by (in the passive voice) // CC-CEDICT
客 // 客 // kè // ① invité ② hôte // Chinese-French
客 // 客 // kè // ① customer ② visitor ③ guest // CC-CEDICT
不敢 // 不敢 // bù gǎn // ① ne pas oser // Chinese-French
進 // 进 // jìn // ① entrer ② progresser ③ présenter ④ recommander // Chinese-French
進 // 进 // jìn // ① to go forward ② to advance ③ to go in ④ to enter ⑤ to put in ⑥ to submit ⑦ to take in ⑧ to admit ⑨ (math.) base of a number system ⑩ classifier for sections in a building or residential compound // CC-CEDICT
寸 // 寸 // cùn // ① unité de longueur qui équivaut à 3,33 cm ② pouce ③ très peu ④ très court // Chinese-French
寸 // 寸 // cùn // ① a unit of length ② inch ③ thumb // CC-CEDICT
而 // 而 // ér // ① et ② mais ③ tandis que ④ alors que // Chinese-French
而 // 而 // ér // ① and ② as well as ③ and so ④ but (not) ⑤ yet (not) ⑥ (indicates causal relation) ⑦ (indicates change of state) ⑧ (indicates contrast) // CC-CEDICT
退 // 退 // tuì // ① reculer ② faire reculer ③ baisser ④ descendre ⑤ rembourser ⑥ rendre // Chinese-French
退 // 退 // tuì // ① to retreat ② to decline ③ to move back ④ to withdraw // CC-CEDICT
尺 // 尺 // chǐ // ① pied ② 0,3561 m ③ règle ④ missive sur tablette d'un pied: lettre // Chinese-French
尺 // 尺 // chǐ // ① a Chinese foot ② one-third of a meter ③ a ruler ④ a tape-measure ⑤ one of the three acupoints for measuring pulse in Chinese medicine ⑥ CL:支[zhi1],把[ba3] // CC-CEDICT
尺 // 尺 // chě // ① one of the characters used to represent a musical note in gongche notation, 工尺譜|工尺谱[gong1 che3 pu3] // CC-CEDICT
是 // 是 // shì // ① être ② oui ③ correct // Chinese-French
是 // 是 // shì // ① is ② are ③ am ④ yes ⑤ to be // CC-CEDICT
昰 // 是 // shì // ① variant of 是[shi4] ② (used in given names) // CC-CEDICT
謂 // 谓 // wèi // ① dire ② adresser la parole ③ être appelé ④ penser // Chinese-French
謂 // 谓 // wèi // ① surname Wei // CC-CEDICT
謂 // 谓 // wèi // ① to speak ② to say ③ to name ④ to designate ⑤ meaning ⑥ sense // CC-CEDICT
行 // 行 // xíng // ① marcher ② agir ③ faire ④ pratiquer ⑤ appliquer ⑥ d'accord ⑦ c'est bon ! ⑧ chacun des éléments : l’eau, le feu, le bois, le métal, la terre ⑨ bagages ⑩ quitter la maison ⑪ se marier (pour une fille) ⑫ ballade // Chinese-French
行 // 行 // xíng // ① to walk ② to go ③ to travel ④ a visit ⑤ temporary ⑥ makeshift ⑦ current ⑧ in circulation ⑨ to do ⑩ to perform ⑪ capable ⑫ competent ⑬ effective ⑭ all right ⑮ OK! ⑯ will do ⑰ behavior ⑱ conduct ⑲ Taiwan pr. [xing4] for the behavior-conduct sense // CC-CEDICT
行 // 行 // háng // ① classe ② sorte ③ rang ④ maison de commerce // Chinese-French
行 // 行 // háng // ① a row ② series ③ age order (of brothers) ④ profession ⑤ professional ⑥ relating to company // CC-CEDICT
行 // 行 // xìng // ① action // Chinese-French
無 // 无 // wú // ① non ② 71e radical // Chinese-French
無 // 无 // wú // ① not to have ② no ③ none ④ not ⑤ to lack ⑥ un- ⑦ -less // CC-CEDICT
行 // 行 // xíng // ① marcher ② agir ③ faire ④ pratiquer ⑤ appliquer ⑥ d'accord ⑦ c'est bon ! ⑧ chacun des éléments : l’eau, le feu, le bois, le métal, la terre ⑨ bagages ⑩ quitter la maison ⑪ se marier (pour une fille) ⑫ ballade // Chinese-French
行 // 行 // xíng // ① to walk ② to go ③ to travel ④ a visit ⑤ temporary ⑥ makeshift ⑦ current ⑧ in circulation ⑨ to do ⑩ to perform ⑪ capable ⑫ competent ⑬ effective ⑭ all right ⑮ OK! ⑯ will do ⑰ behavior ⑱ conduct ⑲ Taiwan pr. [xing4] for the behavior-conduct sense // CC-CEDICT
行 // 行 // háng // ① classe ② sorte ③ rang ④ maison de commerce // Chinese-French
行 // 行 // háng // ① a row ② series ③ age order (of brothers) ④ profession ⑤ professional ⑥ relating to company // CC-CEDICT
行 // 行 // xìng // ① action // Chinese-French
攘 // 攘 // rǎng // ① repousser // Chinese-French
攘 // 攘 // rǎng // ① to push up one's sleeves ② to reject or resist ③ to seize ④ to perturb ⑤ to steal // CC-CEDICT
無 // 无 // wú // ① non ② 71e radical // Chinese-French
無 // 无 // wú // ① not to have ② no ③ none ④ not ⑤ to lack ⑥ un- ⑦ -less // CC-CEDICT
臂 // 臂 // bì // ① bras // Chinese-French
臂 // 臂 // bì // ① arm // CC-CEDICT
扔 // 扔 // rēng // ① lancer ② jeter ③ abandonner // Chinese-French
扔 // 扔 // rēng // ① to throw ② to throw away // CC-CEDICT
無敵 // 无敌 // wú dí // ① invincible ② sans rival // Chinese-French
無敵 // 无敌 // wú dí // ① unequalled ② without rival ③ a paragon // CC-CEDICT
執 // 执 // zhí // ① tenir ② persister ③ appliquer ④ exécuter // Chinese-French
執 // 执 // zhí // ① to execute (a plan) ② to grasp // CC-CEDICT
無 // 无 // wú // ① non ② 71e radical // Chinese-French
無 // 无 // wú // ① not to have ② no ③ none ④ not ⑤ to lack ⑥ un- ⑦ -less // CC-CEDICT
兵 // 兵 // bīng // ① soldat ② arme ③ armée ④ militaire ⑤ guerre ⑥ stratégie // Chinese-French
兵 // 兵 // bīng // ① soldiers ② a force ③ an army ④ weapons ⑤ arms ⑥ military ⑦ warlike ⑧ CL:個|个[ge4] // CC-CEDICT
禍 // 祸 // huò // ① causer du malheur à ② malheur ③ désastre // Chinese-French
禍 // 祸 // huò // ① disaster ② misfortune ③ calamity // CC-CEDICT
莫大 // 莫大 // mò dà // ① greatest ② most important // CC-CEDICT
於 // 于 // yú // ① dans ② à ③ de ④ par ⑤ que // Chinese-French
於 // 于 // yú // ① in ② at ③ to ④ from ⑤ by ⑥ than ⑦ out of // CC-CEDICT
於 // 於 // wū // ① en ② dans ③ pour ④ par // Chinese-French
於 // 於 // wū // ① (literary) Oh! ② Ah! // CC-CEDICT
於 // 於 // yū // ① surname Yu ② Taiwan pr. [Yu2] // CC-CEDICT
輕敵 // 轻敌 // qīng dí // ① to underestimate the enemy // CC-CEDICT
輕敵 // 轻敌 // qīng dí // ① to underestimate the enemy // CC-CEDICT
幾 // 几 // jǐ // ① combien ② quelques ③ un peu // Chinese-French
幾 // 几 // jǐ // ① how much ② how many ③ several ④ a few // CC-CEDICT
幾 // 几 // jī // ① presque // Chinese-French
幾 // 几 // jī // ① almost // CC-CEDICT
喪 // 丧 // sàng // ① perdre // Chinese-French
喪 // 丧 // sàng // ① to lose sth abstract but important (courage, authority, one's life etc) ② to be bereaved of (one's spouse etc) ③ to die ④ disappointed ⑤ discouraged // CC-CEDICT
喪 // 丧 // sāng // ① deuil ② funérailles // Chinese-French
喪 // 丧 // sāng // ① mourning ② funeral ③ (old) corpse // CC-CEDICT
吾 // 吾 // wú // ① je ② mon // Chinese-French
吾 // 吾 // wú // ① surname Wu // CC-CEDICT
吾 // 吾 // wú // ① I ② my (old) // CC-CEDICT
寶 // 宝 // bǎo // ① bijou ② trésor ③ précieux // Chinese-French
寶 // 宝 // bǎo // ① jewel ② gem ③ treasure ④ precious // CC-CEDICT
故 // 故 // gù // ① incident ② cause ③ à dessein ④ exprès ⑤ raison ⑥ ancien ⑦ mourir // Chinese-French
故 // 故 // gù // ① happening ② instance ③ reason ④ cause ⑤ intentional ⑥ former ⑦ old ⑧ friend ⑨ therefore ⑩ hence ⑪ (of people) to die, dead // CC-CEDICT
抗 // 抗 // kàng // ① résister à ② lutter contre ③ refuser // Chinese-French
抗 // 抗 // kàng // ① to resist ② to fight ③ to defy ④ anti- // CC-CEDICT
兵 // 兵 // bīng // ① soldat ② arme ③ armée ④ militaire ⑤ guerre ⑥ stratégie // Chinese-French
兵 // 兵 // bīng // ① soldiers ② a force ③ an army ④ weapons ⑤ arms ⑥ military ⑦ warlike ⑧ CL:個|个[ge4] // CC-CEDICT
相 // 相 // xiāng // ① mutuellement ② l'un l'autre ③ examiner ④ évaluer // Chinese-French
相 // 相 // xiāng // ① surname Xiang // CC-CEDICT
相 // 相 // xiāng // ① each other ② one another ③ mutually // CC-CEDICT
相 // 相 // xiàng // ① apparence ② air ③ photo // Chinese-French
相 // 相 // xiàng // ① appearance ② portrait ③ picture ④ government minister ⑤ (physics) phase ⑥ (literary) to appraise (esp. by scrutinizing physical features) ⑦ to read sb's fortune (by physiognomy, palmistry etc) // CC-CEDICT
加 // 加 // jiā // ① additionner ② augmenter ③ ajouter ④ insérer ⑤ plus // Chinese-French
加 // 加 // jiā // ① abbr. for Canada 加拿大[Jia1 na2 da4] ② surname Jia // CC-CEDICT
加 // 加 // jiā // ① to add ② plus ③ (used after an adverb such as 不, 大, 稍 etc, and before a disyllabic verb, to indicate that the action of the verb is applied to sth or sb previously mentioned) ④ to apply (restrictions etc) to (sb) ⑤ to give (support, consideration etc) to (sth) // CC-CEDICT
哀 // 哀 // āi // ① douleur ② être affligé ③ lamentation ④ pitié // Chinese-French
哀 // 哀 // āi // ① Ai (c. 2000 BC), sixth of legendary Flame Emperors 炎帝[Yan2 di4] descended from Shennong 神農|神农[Shen2 nong2] Farmer God, also known as Li 釐|厘[Li2] // CC-CEDICT
哀 // 哀 // āi // ① sorrow ② grief ③ pity ④ to grieve for ⑤ to pity ⑥ to lament ⑦ to condole // CC-CEDICT
者 // 者 // zhě // ① (placé après un adjectif ou un verbe est utilisé comme substantif pour désigner une personne ou une chose) // Chinese-French
者 // 者 // zhě // ① (after a verb or adjective) one who (is) ... ② (after a noun) person involved in ... ③ -er ④ -ist ⑤ (used after a number or 後|后[hou4] or 前[qian2] to refer to sth mentioned previously) ⑥ (used after a term, to mark a pause before defining the term) ⑦ (old) (used at the end of a command) ⑧ (old) this // CC-CEDICT
勝 // 胜 // shèng // ① remarquable ② excellent ③ supérieur ④ être égal à ⑤ être à la hauteur de ⑥ pouvoir supporter ⑦ victoire ⑧ succès ⑨ vaincre ⑩ remporter la victoire sur ⑪ surpasser ⑫ dépasser // Chinese-French
勝 // 胜 // shèng // ① victory ② success ③ to beat ④ to defeat ⑤ to surpass ⑥ victorious ⑦ superior to ⑧ to get the better of ⑨ better than ⑩ surpassing ⑪ superb (of vista) ⑫ beautiful (scenery) ⑬ wonderful (view) ⑭ (Taiwan pr. [sheng1]) able to bear ⑮ equal to (a task) // CC-CEDICT
矣 // 矣 // yǐ // ① (finale) : c'est tout // Chinese-French
矣 // 矣 // yǐ // ① classical final particle, similar to modern 了[le5] // CC-CEDICT (Ⅵ)

- Yi Wu (1989) :

Fight only when forced to.
A foot back instead of an inch forward."
Such military creeds all boil down to this:
Advance invisible ranks;
Raise invisible arms;
Poise invisible armies;
Fight as if one is not fighting with enemies.
The biggest military disaster is this:
To attack an enemy thoughtlessly
With threats, menaces and challenges.
For such an attack means the loss of all advantages.
When two armies battle, one against the other,
The army that fights out of love and sadness wins. (Ⅶ)

- Lynn (2004) :

Military specialists have a saying:
"I dare not play the host but instead play the guest.
I dare not advance an inch but instead retreat a foot."
In other words,
campaign in such a way that there is no campaign;
push up your sleeve so that no arm is exposed;
wield weapons in such a way that no weapons are involved;
and lead in such a way that you face no opponent.
There is no greater disaster than having no viable opponent.
If one has no viable opponent, he will soon lose my [the Laozi's] treasures.
Thus, when they raise armies that are equally matched, he who feels pity will be the victor. (Ⅷ)