| 1. | Effective exchange rate , trade payment and rmb exchange rate appreciation
贸易收支与人民币升值 |
| 2. | Exchange rate appreciation cannot , on its own , bring about the desired outcome
汇率升值本身并不能带来理想的结果。 |
| 3. | A comparative study of exchange rate appreciation ' s effect on employment of china and japan
汇率升值对就业影响的中日比较 |
| 4. | Yet china seems to meet all the conditions for real exchange rate appreciation
然而，中国似乎满足实际汇率上涨所需的一切条件。 |
| 5. | A delegation of u . s . senators visited toward the end of the congress to press for exchange rate appreciation
一个美国代表团在后期参与了会议，讨论人民币升值事宜。 |
| 6. | There is nevertheless considerable capital inflow partly to take advantage of direct investment opportunities there , as the economy continues to boom , and partly to speculate on an exchange rate appreciation
但由于内地经济继续蓬勃发展，吸引不少资金流入，一部分受内地的直接投资机会所吸引，另一部分是因传言汇率可能上调的影响。 |
| 7. | One should not assume that price elasticity of imports and exports is such that an exchange rate appreciation would necessarily reduce the current account surplus , or conversely an exchange rate depreciation would necessarily reduce the current account deficit
我们不应该假定进口及出口有足够的价格弹性：在货币升值时，经常帐盈馀必然会减少当货币贬值时，经常帐赤字必然会减少。 |
| 8. | He said there was “ a risk that exchange rate appreciation in countries with flexible exchange rates ? including the euro area ? could hurt their growth prospects , and that in these circumstances protectionist pressures could worsen ”
他表示，在那些实施灵活汇率制的国家（包括欧元区） ，汇率的上升可能会影响他们的经济增长前景，而在这种情况下，来自贸易保护主义者的压力会变得更大。 |
| 9. | But the view that an exchange rate appreciation will make imports cheaper and exports more expensive to trading partners often prevails to such an extent that the price elasticity of demand and supply of imports and exports , and their interaction , are ignored
然而，有些人只着眼于货币升值会令有关经济体系的进口价格下跌及出口价格上升，而忽略了进出口供求的价格弹性以及它们之间的关系。 |
| 10. | As i have mentioned before , the mainland economy and its current account do not seem to be that sensitive to changes in the exchange rate . under a flexible exchange rate system , one should therefore not expect the current account surplus to be resolved by exchange rate appreciation alone
如我以往所言，内地经济及经常帐似乎对汇率变动不大敏感，因此在具弹性的汇率制度下，我们不应期望单单透过汇率升值就可以解决经常帐盈馀的问题。 |
