1、 外文翻译及译稿 外文题目： How will RMB exchange rate reform affect trade? 译文题目： 人民币汇率改革将如何影响贸易？ 系 ： 经济系 专业班级： 国际经济与 贸易0893 姓 名： 武智 学 号： 2008945088 论文题目： 人民币升值对我国纺织品服装出口的影响 指导老师： 杨杰 职 称： 讲师 How will RMB exchange rate reform affect trade? Belay Seyoum Chinese Minister of Commerce Bo Xilai has said that to comple
2、te RMB exchange rate mechanism is the demand of deepening Chinas reform in financial system. The reform will have positive impact in optimizing Chinas import and export structure and speeding up the transformation of the growth mode of foreign trade. He made the remarks while being interviewed by th
3、e Japanese media during the Sino-Japanese Forum on Energy-Saving Cooperation being held in Tokyo. Bo Xilai said since the reevaluation of RMB exchange rate mechanism last July, RMB has appreciated by 3.17%. For some countries, the increase is even higher. According to a Report to Congress on Interna
4、tional Economy and Exchange Rate Policies by the US Treasury Department, RMB has appreciated by 4.9 percent to its major trade partners. The minister said the major impact of RMB appreciation is that it has stimulated import but restrained export. In the first 7 months of 2005, Chinas import increas
5、ed by 15% while in the following 5 months, the increase surged to 20%. But in export, in the first 7 months, the increase was 30% while in the following 5 months, the increase was 24.7%. In the first 4 months of this year, export increased by 25.8% while import increased to 22.1%. Bo Xilai said RMB
6、appreciation has substantially lowered the profit of export-oriented enterprises, especially labor-intensive ones whose profit was already very low. Taking textile industry as an example, their profitability is just 3%. After RMB appreciation, many Chinese enterprises have been in a difficult situat
7、ion. Quite a few foreign enterprises in China have also been affected. A survey on Japanese enterprises in China shows that nearly half of them think the RMB appreciation has brought negative impact to them while only 24.4% of enterprises think the influence is positive. The minister said generally
8、speaking to complete the RMB exchange rate mechanism is the demand of deepening Chinas financial system reform and will be helpful for the transformation of growth mode in foreign trade. He said that it is proved that the Chinese government didnt manipulate the exchange rate, therefore, to demand Ch
9、ina increase its exchange rate again is groundless. The US Congress has again called on China to appreciate its yuan in order to balance the bilateral trade. Bo Xilai said the reason for trade imbalance is very complicated, but the root is not on RMB exchange rate. First of all, because enterprises
10、in Japan, South Korea and other southeast Asian nations have come to China to produce and then exported their products to the US, the trade originally with Japan and Korea as well as other countries has shifted to be with China. Secondly, the calculation method in the two sides is different. Due to
11、third party transfer, the US has over-calculated bilateral trade imbalance. Thirdly, mutual complement nature of bilateral trade between the US and China has decided that the current trade is not irrational, for the low-end commodities the US market needs will come from other countries anyway if it
12、doesnt come from China while it is the US importers and consumers who got the major profit. Finally, the US investment in China has triggered Chinas export. Through investment in China, the US companies have occupied nearly 100 billion US dollars of market share and exported their products to other
13、countries while taking China as the production base. Last year, if foreign enterprises export was discounted, Chinas trade surplus with the US will be reduced by 73%. Bo Xilai said due to above mentioned reasons, the appreciation of RMB will restrain Chinas export to the US and increase import from the US to China,
