不能兑换的

The Chinese have done a very good job over the past 20 years. But the one mistake they've made is they have continued to block the currency and made it nonconvertible. That's causing huge liquidity to develop in the country, and that's causing trouble.

中国在过去的二十多年经济发展的十分出色，但是他们犯了一个错误，就是仍然让人民币不能自由兑换，导致了国内的巨量的流动性过剩的麻烦。

In general,(1) price fixing and rationing regulations were ended too soon, before the output of peacetime goods had risen to a level high enough to absorb the accumulated purchasing power in the hands of consumers from their efforts in war production; thus, the slowness of reconversion from war production to peace production caused a short supply at a time of high demand;(2) the Allied exchanges, which had been controlled during the war, were unpegged in March 1919 and at once fell to levels revealing the great price disequilibrium between countries;(3) purchasing power held back during the war suddenly came into the market;(4) there was an expansion of bank credit because of postwar optimism;(5) budgets remained out of balance because of reconstruction requirements, reparations, demobilization expenses (as in the United States, Italy, and so on); and (6) production of peacetime goods was disrupted by revolutions (as in Hungary, Russia, and so on) or strikes (as in the United States, Italy, France, and so on).

一般而言（1）固定价格和配给的管理机制结束太早，和平时期商品的产量尚未上升到足以吸纳消费者们在军工生产中聚积在手中的购买力，这样，战时生产转换到和平时期生产的缓慢过程中，在一段时间内，产生了供给不足而需求旺盛。（2）战争期间，盟国的外汇兑换曾被人为控制，1919年3月，管制解除，一时之间，国家之间价格的失衡就显现出来。（3）战争期间被抑制的购买力突然涌入市场。（4）战后，乐观主义抬头，银行信贷扩张。（5）因为重建家园的需求、战争赔款、裁军花费，预算始终不能平衡。（6）和平时期商品的生产不断被革命或罢工（如美国、意大利、法国等等）所扰乱。

In time, it makes sense for their central banks to switch some of their reserves into other currencies that more closely reflect their trade flows, such as the real, the rouble and even, eventually, the currently unconvertible renminbi.

及时地，一些新兴国家的中央银行将他们的一些外汇换成其他在一定程度上反应出了别的贸易走向的货币，就好像卢布，雷亚尔和至今不能自由兑换的人民币。

This week engineered the tower government of eternity of the 3rd royal company an activity that seizes Bao Jibing, may 14 - 26 want a player to visit the treasure picture that government-owned net can appear randomly only, collect all ready hind can participate in change objective award, complete set thunder snake ' peripheral of top class game you are taken, AION players still do not come rapidly government-owned net is referred to

第三名盛大公司永恒之塔官方本周策划了一个夺宝奇兵的活动，5月14号-26号只要玩家访问官网就能随机出现的宝物图片，收集齐全后就可以参与兑换实物奖品，全套雷蛇'顶级游戏外设等你拿哦，AION玩家们还不赶紧来官网参见吧

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了