外文资料译文
论文题目 人民币汇率升值对我国外贸
信用还款的影响分析
专 业 国际经济与贸易
班 级
姓2次元头像 名全国中学生语文能力竞赛
学 号
指导教师 职 称
2012 年 1 月 3 日
The impact of RMB exchange rate appreciation to our economy and the foreign trade
This paper analyzes the caus of RMB exchange rate appreciation, expounds the beneficial effects, adver effects on our coun-try's economic and foreign trade, and puts for-ward the countermeasures to the effects.
永远不分手
Prent situation of Chine foreign trade surplus continues to expand, which is caud by a variety of reasons. The appreciation of RMB exchange rate on China's economy, foreign trade import and export volume and structure have a ries of effects, only to take positive and effective measures to make the economy of our country and export enterpris to obtain the sustainable and stable development.
1. reasons for the appreciation of the RMB exchange rate
1.1 Chine and foreign interest rate difference
英语复习资料 Interest rate policy is an important tool of monetary policy. The rate of relative height will affect the capital flow direction is one of the important ways, high interest rates will stimulate the international capital inflow, and reduce its outflow of funds. Thus affecting the scale of international trade, make the difference of interest rate on exchange rate influence the trend of continuous improvement.
1.2 Money supply situation
RMB exchange rate and China's money supply substantially positive correlation, due to the deepening of reform and opening up, foreign investors can not only make u of cheap Chine labour, more optimistic about China's huge domestic market. Therefore, foreign investment incread substantially. Due to tightening of monetary policy, the RMB fund is quite nervous, the entry of foreign capital and foreign exchange, so appeared apparent oversupply, resulting in the trend of Renminbi rmb.
1.3 International balance of payments and foreign exchange rerve
The formation of foreign exchange market and the international trade and investment is not divided, international balance of payment is a country's foreign economic activities of the various payment sum. Under floating exchange rates, the market supply and demand to determine the exchange rate changes, therefore international payments deficit will lead to the devaluation of the currency, the foreign currency appreciation, namely the exchange rate ri. Converly, international payments surplus caud a decline in foreign exchange rates.
1.4 Economic growth
A country's economic take-off stage, due to the low level of productivity, economic development performance for the extensive mode of operation, and thus their own currency exchange rate decread, i.e.. A country's economy is relatively mature stage, consumer demand as income and growth, but the growth that consumes demand to catch the output supply growth, so in the period of rapid economic growth, supply relative consumption demand, so as to have a downward pressure on prices.
临江仙徐昌图2. The exchange rate of RMB appreciation on China's economy and foreign trade favourable effects采购申请书范文
cf网站2.1 Be helpful for Chine enterpris to "go out"
The appreciation of the renminbi means that Chine enterpris to invest abroad cost relatively drops than before, which makes them to lower the cost of the establishment of multinational companies. So it is beneficial to the Chine enterpris to "go out", to create a truly international competitiveness of Chine transnational corporation.
2.2 Will help improve trade conditions
The appreciation of the renminbi, export prices higher, you can u less export products in return for their own needs a variety of products. Export profit increas cealessly, can improve our terms of trade.
2.3 Conducive to reduce external debt debt rvice pressure
The ri in the renminbi exchange rate, outstanding debt rvicing required the amount of local currency is correspondingly reduced, to a certain extent so as to reduce the burden of external debt.
2.4 Conducive to promoting the transformation of foreign trade growth mode
The appreciation of the renminbi has contributed to China's foreign trade growth mode from extensive original shift quality and cost-effective intensive, this will bring the improvement of export structure, encourage technological innovation, sustainable development.
2.5 Conducive to lower import costs
After revaluation, the price of imported goods will have the same magnitude of decline, reducing our cost of imports and import fees paid. The appreciation of the renminbi will make large transaction costs of imports, so as to improve the profit situation of related industries, to economy construction is very favorable.