查询词典 foreign exchange earning

Based on the study of scholars at home and abroad and from the point of theoretical and empirical study, this paper analyses the impact of foreign trade and FDI over China's business cycle using many econometric methods such as Unit Root Test, Co-integration Tests, Granger Test, Pulse-response Function and variance decomposition based on VAR model and draws the conclusion as follows:Firstly,there is a close relationship among foreign trade, FDI and business cycle. Foreign trade and FDI are the important transmission channel of the economic cycle. Secondly, the impact to economic fluctuation from foreign trade is greater than that of FDI. Thirdly, In the long time, there is fine interactive circulation among foreign trade, FDI and economic growth. When the short-term deviation from equilibrium happens, there is a self-balanced mechanism in the system.Fourthly,the active effect outweighs the negative effect which the foreign trade and FDI brings.

本文在国内外学者研究成果的基础上，从理论和实证两个方面，运用单位根检验、协整检验、格兰杰因果检验、基于VAR模型的脉冲响应分析及方差分解等计量经济学的方法，从比较的角度分析了对外贸易及FDI对我国经济周期波动的影响，得出结论如下：首先，对外贸易、FDI与我国经济的波动有着显著的关系，二者是传递经济周期的重要渠道；其次，对外贸易对我国经济波动的影响要大于FDI的作用；第三，长期看我国FDI、对外贸易和经济增长之间形成良好的互动循环，当系统短期内偏离均衡状态时，系统存在一个自我均衡机制；第四，对外贸易及FDI对我国经济周期波动产生的积极效应要远大于它所带来的负面效应。

Article in the equilibrium exchange rate impact on economic growth based on knot theory, a balanced exchange rate of China's double the current international balance of payments surplus, foreign exchange reserves surge in economic conditions of the external imbalance, analysis of the situation of the impact on China's economy, and the equilibrium exchange rate adjust the direction of the proposals put forward.

文章最后在均衡汇率对经济增长影响的理论基础上结，合均衡汇率实现我国目前国际收支双顺差、外汇储备激增的外部失衡经济状况，分析该状况对我国经济的影响，并对均衡汇率的调整方向提出相应的建议。

Heller—Knight Model stressed the balance of trades effect in the currency structure of foreign exchange reserves decision. Dooly model shows the trade flows, the debt payment and the exchange arrangements will all affects the currency structure of foreign exchange reserves. There is some logic to each of these three models, but are not comprehensive enough.

资产组合理论强调货币的收益与风险在安排外汇储备币种结构中的作用，海勒——奈特模型强调贸易收支在决定外汇储备币种结构中的作用，杜利模型则将影响外汇储备币种结构的因素扩大为贸易流量、外债支付及汇率安排三个因素。

Said the company bank foreign exchange transactions mainly Valet mainly in order to earn customers spread the main source of income, self-exposure is very small, and is basically written off the day, so the foreign exchange market sharp fluctuations in currency exchange rates between the shift in its limited impact.

表示，公司银行外汇交易主要是代客为主，以赚取客户遍及收入，自我暴露的主要来源是非常小，基本上是一天注销，因此外汇市场急剧波动的货币之间的汇率在其影响有限转变。

China Merchants Bank said that its foreign exchange transactions mainly Valet mainly in order to earn customers spread the main source of income, self-exposure is very small, and basically written off the day, so the extreme fluctuation in the foreign exchange market, currency exchange rate between the shift in its limited impact.

中国招商银行表示，其外汇交易主要是代客为主，以赚取客户遍及收入，自我暴露的主要来源是非常小，基本上注销的一天，因此在外汇市场剧烈波动，汇率率之间在其影响有限转变。

Last night, the bank sent to reporters urgent clarification of the statement, China Merchants Bank said foreign exchange transactions mainly Valet mainly customers to earn points for the main source of income, poor, self-exposure is very small, and basically written off the day, so the foreign exchange severe market fluctuations, currency exchange rate between the shift in its limited impact.

昨晚，该银行发送给记者的声明紧急澄清，中国招商银行表示，外汇交易主要是代客主要客户赚取的收入，贫困，自我暴露的主要来源点非常小，基本上一天注销，因此外汇市场的波动严重，货币之间在其有限的汇率变化的影响。

After reciprocal compensation of the offshore and onshore account cash position, the amount of the net inflow of foreign exchange shall not exceed the banks allocated quota of short-term foreign debts balance approved in the same year by State Administration of Foreign Exchange.

离岸头寸与在岸头寸抵补后的外汇净流入不得超过国家外汇管理局当年核定的银行短期外债指标。

Administration of Foreign Exchange Foreign Exchange Management Department of Chongqing Liu Liu suggested that the adoption of laws and regulations, a substantial increase in foreign real estate industry registered a total investment of capital in proportion to the total investment to adapt; explicitly request the registered capital In the operating period of time must be stabilized to maintain a high ratio of external debt in order to reduce the free flow of funds may impact the real estate industry.

外汇管理局外汇管理部门的重庆刘榴建议，通过法律和法规，大幅度增加外资房地产企业投资总额注册资本中所占的比例，总投资，以适应；明确要求注册资本在经营期限内必须稳定保持较高比例的外债，以减少资金的自由流通，可能影响到房地产行业。

Along with the constantly increase of foreign currency deposit, the low interest rate in our country and the intrinsic risk of foreign exchange, the people holding foreign currency had not been satisfied with the simple investment channels, such as the ordinary bank deposit and the real time exchange. They hoped the market could provide some new investment channels.

随着我国外汇储蓄规模的不断增长，以及外币存款的低利率和外汇市场固有的汇率风险，外汇持有者已不再满足于只有普通存款和实盘买卖这样的投资渠道，他们盼望市场能提供有创新意义的新的投资渠道。

Therefor,international exchange of risk between demestic and foreign financial sectors,i.e.the former exporting safe capital by holding official foreign exchange reserves while importing risky capital through direct foreign investment,is the key to economic growth.

本文的另一个重要结论是，中国经济的增长和波动是统一的。尽管其中的机制有别于真实经济周期理论，但是，"中性"依然应该作为宏观经济政策的基本出发点。

Although translator has turned from being a crystal ball by which the original culture can unrestrainedly penetrate to another crystal ball by which the target culture can freely traverse, the translator's personal embodiment, in the process of cognitive act, are still absent in translation studies. Translators are still subjects without body or simply disembodied subjects.

译者虽然由原语文化可以自由穿透的玻璃球变成了译语文化可以自由穿越的玻璃球，但译者认知过程中的个体体验在翻译研究中依然缺席，译者依然仅仅是一个没有躯体体验的主体。

Chillingly, he claimed our technology is 'not nearly as sophisticated' as theirs and "had they been hostile", he warned 'we would be been gone by now'.

令人毛骨悚然的，他声称我们的技术是'并不那么复杂，像他们一样，和"如果他们敌意"，他警告说，'我们将现在已经过去了。