我國(guó)出口加工企業(yè)應(yīng)對(duì)人民幣升值的對(duì)策研究外文翻譯

1、<p>　　RMB appreciation</p><p>　　Abstract: At present, the RMB's appreciation has attracted wide attention because exchange rate movements on the impact of a country's economy and international i

2、nterests of all economies is closely related to</p><p>　　Caused by the yuan appreciation are also external factors, both internal and therefore a variety of measures to be taken and requested the co-ordinati

3、on of the main stakeholders in order to cope with the impact of the appreciation.</p><p>　　This paper analyzes the causes and impact of RMB appreciation that the appreciation should seize the opportunities a

4、nd to actively respond to challenges, to avoid sharp fluctuations in the Chinese economy.</p><p>　　一.An appreciation of the renminbi because</p><p>　?。?）.An appreciation of the yuan external cau

5、ses</p><p>　　First, the RMB revaluation pressure from the United States.</p><p>　　The US government believes that the long-term Sino-US trade surplus with the US dollar and China's pegged ex

6、change rate policies, the depreciation of the dollar can be put into the role of trade, but to make Chinese products more competitive, there is an urgent demand appreciation of the RMB.However, the US trade deficit is de

7、termined by its sharp increase in foreign direct investment is too large, personal consumption expenditures is much higher than savings, and so a variety of factors, apprec</p><p>　　90 years since the Japane

8、se economy has entered a long period of depression, inexpensive Chinese products in the Japanese market share rising, the Japanese government that the low prices of Chinese goods to foreign sales, not only Japan's cu

9、rrent account deficit in the state, but also to the Japanese domestic market has brought the threat of deflation.Therefore, Japan strongly want to change the yuan revaluation of the domestic economy continues to slump an

10、d the decline in international competit</p><p>　?。?） the internal causes of the appreciation of yuan</p><p>　　First of all, China's capital projects and current 'double surplus' led

11、to the huge foreign exchange reserves are the most important internal reason for the yuan appreciation.</p><p>　　Second, China's continued rapid economic growth laid the economic foundation of the RMB ex

12、change rate. Moreover, the United States spreads upside down has further boosted the yuan appreciation.China's current excess liquidity there and asset prices, inflation rates remained high, the central bank needs to

13、 tighten monetary policy to deal with these issues, including improving the RMB deposit and lending rates.However, the US interest rate cut in a row after the rate cut is still possible, the sit</p><p>　　二th

14、e RMB appreciation on China's Economy</p><p>　　The appreciation of the renminbi reduces the profitability of China's export products </p><p>　　Yuan revaluation, if China's commodity

15、prices in foreign currencies marked change, places yuan marked prices, in this case, although China's exports will not be affected, but the corporate profit margins will decline.If the price of the RMB marked change,

16、 places mark up the price of foreign currency, China's export products in the international market, declining competitiveness, reduced exports, corporate profits will fall.Yuan revaluation caused a decline in level o

17、f corporate profit margins ou</p><p>　　appreciation of the renminbi is conducive to reduce import costs and improve trade structure </p><p>　　For the import-dependent companies, the RMB apprecia

18、tion to lower import prices of products, the same funds can import more resources, enterprise importing raw materials and the more the better it will reduce production costs, improving product competitiveness.RMB appreci

19、ation is also really beneficial to China's enterprises to import advanced equipment, the introduction of the scarcity of technological achievements, and the promotion of enterprise products upgrading and improve prod

20、uctivity.</p><p>　　An increase in imports in the short term may lead trade deficit, but in the long run, the survival of the fittest caused by appreciation of the renminbi and the reallocation of resources w

21、ill play an adjustment of trade, export structure, promote industrial upgrading effect.For Chinese enterprises to go global, improve trade structure and opportunities.</p><p>　　The appreciation of the renmin

22、bi to promote enterprise product upgrades </p><p>　　Appreciation of the RMB to bring pressure for export enterprises and enhance their own competitiveness of its order to reduce the adverse impact of the app

23、reciationAlthough China has an export trading power.However, the structure of export products is still dominated by labor-intensive, capital-intensive products, most of which are from the processing trade, a very small p

24、roportion of high-tech products, export products are mostly dependent on low-cost-based price advantage.Chinese enterprises n</p><p>　?。?）the RMB appreciation on China's international balance of payments

25、 impact</p><p>　　In theory, a country's currency exchange rate makes the country's foreign currency prices of goods, external goods prices in this currency, which reduced exports, increased imports,

26、the country's trade surplus to reduce or turn to deficits.However, since the appreciation of the RMB has been.China's trade surplus is not reduced, but still continued to increase.</p><p>　　RMB appre

27、ciation on China's capital flows</p><p>　　Capital, including the long-term investment capital and short-term speculative capital appreciation of the renminbi is significantly influenced by these two kind

28、s of capital.Makes the appreciation of foreign currency converted into an equivalent value of the yuan down, and will enhance our production costs relative to other countries, especially labor costs, investment income le

29、ss profitable, leading to foreign direct investment in China will be reduced.The short-term capital inflows in general </p><p>　　RMB appreciation on China's employment </p><p>　　In theory, i

30、n a perfectly competitive market, exchange rate movements affect the import and export trade through further impact employment in related industriesThe increase in exports will lead to the increase in employment related

31、industries, while imports increased employment will be two effects: first, making a direct reduction in domestic employment in the same industry; the second is that if the imports are intermediate products, it will stimu

32、late an increase in output and thus increase emp</p><p>　　China's foreign trade enterprises ways to deal with the appreciation of yuan</p><p>　　Continuing the current US dollar weakness is s

33、till the main reason is to accelerate the appreciation of the RMB. Market for the US economy into recession is expected to become increasingly strong, the Fed may still cut interest rates to stimulate future market risk

34、preference.In addition, the sub-prime crisis, the consequences have not yet fully apparent, which triggered the devaluation of financial assets is still a large number of investors to sell dollar-denominated assets, but

35、also the dolla</p><p>　　the use of financial means to deal with the risk of RMB appreciation </p><p>　　1994-2005, China adopted a managed floating exchange rate regime, the RMB exchange rate flo

36、ating range is quite small, is always fluctuating within a range of 8.2766-8.2799, so exporters have to worry about currency fluctuation However, in the current stage of the RMB appreciation, export companies in order to

37、 maintain business stability, and must take certain financial measures.s, it seldom used for hedging risks. Because China's financial institutions in response to exchange rate risk derivati</p><p>　　the

38、use of operational methods to deal with the risk of RMB appreciation </p><p>　　Although the financial instruments and financial instruments is relatively simple, but only as a temporary expedient to avoid fo

39、reign exchange risks, can not fundamentally eliminate the risk of hidden dangers. Enterprises to achieve long-term development, we must adopt operating adjustment means.</p><p>　　adjustment and upgrading of

40、product mix, walking brand, the difference of the road: RMB appreciation will be by raising the export prices of products to reduce our international competitiveness of export enterprises, which export enterprises of Chi

41、na's cheap exports of the original model presented a challenge . </p><p>　　active overseas investment, the implementation of 'going out' strategy, I am a single channel of the domestic capital in

42、vestment, capital is not fully utilized, although has a high savings rate, but can not be effectively translated into investment. Yuan appreciation reduced the cost of domestic enterprises to invest overseas, to China&#

43、39;s enterprises 'going global' strategy has provided an opportunity.</p><p>　　actively explore diversified markets.China's export markets mainly in the United States, Japan, the European Union h

44、old the world's major currencies of countries and regions, exports to these markets depends heavily on, the yuan appreciation pressures from these countries and regions.To change this situation, to reduce excessive d

45、ependence on the market needs to set out the various countries and regions, the export share of the adjustment, and explore potential international markets, through inc</p><p>　　China's response to the p

46、ressure of RMB appreciation Suggestions</p><p>　　（1）following the principle of gradual appreciation of the renminbi, to avoid overshooting the exchange rate </p><p>　　Since 2008, the RMB exchang

47、e rate against the US dollar dramatically accelerate the pace and keep a record low, and this was accompanied by a continuous increase in trade deficit down there.The trade impact of renminbi appreciation has become incr

48、easingly prominent. While the appreciation of the RMB would help China adjust the imbalance of international payments, but if the appreciation of the rapid and sustained appreciation expectations will be short-term capit

49、al inflows, causing further upwar</p><p>　　speed up industrial restructuring, change the mode of economic growth</p><p>　　The face of pressure of RMB appreciation, China should readjust the indu

50、strial structure as soon as possible, through administrative means and the market operation rules out high energy consumption, high pollution and low-tech and low added value production enterprises, so that labor-intensi

51、veTo determine the advantages of China's industries, make full use of limited human resources and economic resources, improve product technology level; to develop new technical standards and rules and gradual</p&g

52、t;<p>　　expanding domestic demand and reduce excessive dependence on international markets</p><p>　　Since reform and opening, China established an export-oriented strategy for economic development has

53、 played a huge role in promoting, China has become the world's third largest trading nation, the economy's external dependence on increased every year. However, excessive dependence on external means that China&#

54、39;s economy vulnerable to external shocks, real exchange rate fluctuations also pose a challenge to our economy, the foreign dependency rate should be controlled within a certain range, and a</p><p>　　elimi

55、nating the expected appreciation of the RMB </p><p>　　Summing up the international financial events have emerged, to a certain extent, can be said that the market expectations on the financial events more te

56、rrible than the event itself, while the exchange rate appreciation is expected to impact on the market is much more important and special.As the US dollar's slide accelerated in the near future, although the yuan aga

57、inst the US dollar record low against the euro and the yen, but it is still the devaluation, coupled with a serious domestic inflat</p><p><b>　　中文翻譯:</b></p><p><b>　　人民幣升值</

58、b></p><p>　　.摘要：目前，人民幣升值引起了廣泛關(guān)注，因?yàn)閷?duì)一個(gè)國(guó)家的經(jīng)濟(jì)和各國(guó)經(jīng)濟(jì)利益的影響，國(guó)際匯率變動(dòng)是密切相關(guān)的。 由人民幣升值所造成的外部因素還包括內(nèi)部的，因此必須采取各種措施，并要求合作的主要利益相關(guān)者的協(xié)調(diào)，以應(yīng)付該升值的影響。 本文分析了原因和人民幣升值的影響，該升值應(yīng)該抓住機(jī)遇，積極應(yīng)對(duì)挑戰(zhàn)，以避免在中國(guó)經(jīng)濟(jì)的急劇波動(dòng)。一人民幣升值的原因</p><p&g

59、t;　　人民幣升值的外部原因首先，從美國(guó)人民幣升值的壓力。 .美國(guó)政府認(rèn)為，長(zhǎng)遠(yuǎn)中美與美元和中國(guó)的聯(lián)系匯率政策的貿(mào)易盈余的美元貶值可分為貿(mào)易的作用提出，而是使中國(guó)的產(chǎn)品更具競(jìng)爭(zhēng)力，有一人民幣升值的迫切要求。不過，美國(guó)貿(mào)易赤字是由在外國(guó)直接投資急劇增加測(cè)定過大，個(gè)人消費(fèi)開支比儲(chǔ)蓄高，所以多種因素，人民幣升值不能僅僅拯救經(jīng)濟(jì)衰退。其次，來自日本的壓力。90年以來，日本經(jīng)濟(jì)已進(jìn)入日本市場(chǎng)的份額不斷上升的抑郁癥長(zhǎng)期，廉價(jià)的中國(guó)產(chǎn)品，日本政府對(duì)

60、中國(guó)商品的外國(guó)銷售價(jià)格低，不僅日本在國(guó)家的經(jīng)常帳赤字，但也在日本國(guó)內(nèi)市場(chǎng)帶來了通貨緊縮的威脅。 因此，日本強(qiáng)烈希望改變?nèi)嗣駧派祵?duì)國(guó)內(nèi)經(jīng)濟(jì)持續(xù)低迷，在一國(guó)的國(guó)際競(jìng)爭(zhēng)力下降。再次，來自歐盟的壓力。.在美元對(duì)歐元持續(xù)貶值使得與人民幣兌歐元貶值的聯(lián)系，也比較近幾年，中國(guó)與歐盟貿(mào)易繼續(xù)增長(zhǎng)，在對(duì)歐元，歐洲公司在中國(guó)的人民幣貶值導(dǎo)致商品的成本上升，企業(yè)虧損，那么加拿大，歐洲聯(lián)盟和其他國(guó)家和地區(qū)有其貨幣升值，以利用美元貶值的一些影響。（2）對(duì)人民

61、幣升值的內(nèi)在原因 首先，中國(guó)的資本項(xiàng)目和當(dāng)前的'雙順差'導(dǎo)致了龐大的外匯儲(chǔ)備是最重要的人民幣升值的內(nèi)在原因。 第二，中國(guó)</p><p>　　1.調(diào)整和產(chǎn)品結(jié)構(gòu)升級(jí)，走品牌道路的區(qū)別：人民幣升值將通過提高產(chǎn)品的出口價(jià)格，以減少我們的出口企業(yè)，國(guó)際競(jìng)爭(zhēng)力，對(duì)原模型的中國(guó)的廉價(jià)出口產(chǎn)品出口企業(yè)提出了挑戰(zhàn)。2.積極海外投資，'實(shí)施走出去'戰(zhàn)略，我是國(guó)內(nèi)資本投資渠道單一，資金沒有

62、得到充分利用，雖然有高儲(chǔ)蓄率，但不能有效地轉(zhuǎn)化為投資。人民幣升值降低了國(guó)內(nèi)企業(yè)海外投資的成本，中國(guó)企業(yè)'走出去'戰(zhàn)略，提供了一個(gè)機(jī)會(huì)。3.積極探索多元化的市場(chǎng)。 主要在美國(guó)，日本，歐盟中國(guó)的出口市場(chǎng)舉行的國(guó)家和地區(qū)，向這些市場(chǎng)出口的世界主要貨幣的嚴(yán)重依賴，來自這些國(guó)家和地區(qū)的人民幣升值的壓力。 為了改變這種狀況，以減少對(duì)市場(chǎng)的過度依賴需要設(shè)置了不同國(guó)家和地區(qū)，出口份額的調(diào)整，并探討潛在的國(guó)際市場(chǎng)，通過增加這些國(guó)家的出口