In recent years, with China's economic impact on the world economy growing, the RMB exchange rate formation mechanism reform into an international and domestic social focus. July 21, 2005, China began to implement the basis of market supply and demand, with reference to a basket of currencies conditioning, a managed floating exchange rate system. Since then abandoned the renminbi exchange rate pegged to the U.S. dollar's exchange rate system, formation of a more flexible RMB exchange rate system.
Based on the current RMB exchange rate formation mechanism reform, the interpretation of the exchange rate formation mechanism reform on China's employment, trade, balance of payments, macroeconomic development, such as the impact that the current RMB exchange rate formation mechanism in a certain period of time and China's The reality is economic development in line, China's RMB exchange rate formation mechanism reform can not be instant success, and the blind pursuit of "equilibrium exchange rate" to achieve, and must submit to national development needs in the near future adhere to the market supply and demand-based, managed floating Exchange rate system, and in a stable RMB exchange rate on the basis of a gradual increase in the renminbi exchange rate flexibility, improve the exchange rate formation mechanism will focus on the foreign exchange market construction and open capital accounts.
Improve the formation mechanism of the exchange rate, can not be separated from the foreign exchange market basis. In a country in the exchange rate formation mechanism, the exchange rate decision, was born in the foreign exchange market, foreign exchange market play a basic role. At present, China's foreign exchange market limited the depth and breadth, price discovery, resource allocation, hedge deficits, traders operating system to be perfect, so that the RMB exchange rate formation of a lack of market infrastructure, but China lags behind the development of the foreign exchange market has become the RMB exchange rate formation mechanism The real obstacles to market, accelerate the building of the foreign exchange market, improve market rules to promote the RMB exchange rate formation mechanism to further reform.
Capital projects through the opening of cross-border capital flows freely raise the efficiency of resource allocation, China's capital account controls the current exchange rate formation mechanism and lack of coordination problems exist. Improve the RMB exchange rate formation mechanism, to increase exchange rate flexibility and choice to relax capital controls to meet in order to reduce the risk of opening the capital account, play an effective exchange rate on the regulating role of the international balance of payments and capital accounts on the exchange rate formation of the decisive role.
Improve the foreign exchange market, and gradually open the capital account, the real exchange rate reflect market supply and demand changes in the exchange rate for laying the foundation for further market. Master's exchange rate reform initiative, controllability and gradual, taking into account the aspects of capacity, the exchange rate formation mechanism reform and the building of the foreign exchange market, capital account openness of the three closely coordinate and coordinated in order to effectively avoid financial market turbulence and Economic fluctuations.
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感谢您为 Google 翻译提供翻译建议。我们会利用您的建议在将来更新我们的系统时提高翻译质量。 In recent years, with China's economic impact on the world economy growing, the RMB exchange rate formation mechanism reform into an international and domestic social focus. July 21, 2005, China began to implement the basis of market supply and demand, with reference to a basket of currencies conditioning, a managed floating exchange rate system. Since then abandoned the renminbi exchange rate pegged to the U.S. dollar's exchange rate system, formation of a more flexible RMB exchange rate system. <br> Based on the current RMB exchange rate formation mechanism reform, the interpretation of the exchange rate formation mechanism reform on China's employment, trade, balance of payments, macroeconomic development, such as the impact that the current RMB exchange rate formation mechanism in a certain period of time and China's The reality is economic development in line, China's RMB exchange rate formation mechanism reform can not be instant success, and the blind pursuit of "equilibrium exchange rate" to achieve, and must submit to national development needs in the near future adhere to the market supply and demand-based, managed floating Exchange rate system, and in a stable RMB exchange rate on the basis of a gradual increase in the renminbi exchange rate flexibility, improve the exchange rate formation mechanism will focus on the foreign exchange market construction and open capital accounts. <br> Improve the formation mechanism of the exchange rate, can not be separated from the foreign exchange market basis. In a country in the exchange rate formation mechanism, the exchange rate decision, was born in the foreign exchange market, foreign exchange market play a basic role. At present, China's foreign exchange market limited the depth and breadth, price discovery, resource allocation, hedge deficits, traders operating system to be perfect, so that the RMB exchange rate formation of a lack of market infrastructure, but China lags behind the development of the foreign exchange market has become the RMB exchange rate formation mechanism The real obstacles to market, accelerate the building of the foreign exchange market, improve market rules to promote the RMB exchange rate formation mechanism to further reform. <br> Capital projects through the opening of cross-border capital flows freely raise the efficiency of resource allocation, China's capital account controls the current exchange rate formation mechanism and lack of coordination problems exist. Improve the RMB exchange rate formation mechanism, to increase exchange rate flexibility and choice to relax capital controls to meet in order to reduce the risk of opening the capital account, play an effective exchange rate on the regulating role of the international balance of payments and capital accounts on the exchange rate formation of the decisive role. <br> Improve the foreign exchange market, and gradually open the capital account, the real exchange rate reflect market supply and demand changes in the exchange rate for laying the foundation for further market. Master's exchange rate reform initiative, controllability and gradual, taking into account the aspects of capacity, the exchange rate formation mechanism reform and the building of the foreign exchange market, capital account openness of the three closely coordinate and coordinated in order to effectively avoid financial market turbulence and Economic fluctuations.
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