升值

Since China entered WTO,especially since from 2007,China's foreign trade environment has gotten great changes:domestically,foreign trade policies adjust, duty draw-back decrease,RMB increase in value sustention,new labor law takes effect,internationally,the states arose serious Supreme Mortgage Crisis which further caused financial crisis,euramerican countries impose technique barrier and enhance protectionism;under such harsh situation,what course to follow puzzle personnel of medium and small foreign trade enterprises.

自从加入WTO到现在，特别是从2007年起到现在，我国的外贸环境发生了很大变化：国内方面，外贸政策调整，出口退税减少，人民币持续升值，新的劳动法的实施等等；国际方面，美国发生了严重的次贷危机，以及由此引发的金融危机，欧美国家实行的技术壁垒和日益严重的保护主义；在此种严峻形势下，我国的外贸出口企业何去何从，困扰着广大企业人员。本文应用SWOT理论，对AB外贸公司的内外环境进行了分析，从全球价值链高环介入的方面，进一步提出了AB外贸公司应该提升在价值链中的地位的战略，改变低环介入价值链的方式，逐步转变为从高环介入，核心思想是要提高外贸企业的核心竞争力。

The financial crisis develops for the agricultural industrial production main item enterprise causes the enormous difficulty and with the question,appears the enterprise production cost rise scope to be big,the Renminbi revaluation creates the exportation enterprise after the settlement of exchange the actual sales volume serious synaeresis,the profit space getting smaller.

金融危机给农业产业化龙头企业发展造成极大的困难和和问题，出现企业生产成本上涨幅度大，人民币升值造成出口企业在结汇后实际销售额严重缩水，利润空间越来越小。

The simulation shows that the major impact factor on storm surge is the change of the area due to reclamation. The factor of elevated topography due to reclamation is minor. After the reclamation, the extreme high level of storm surge is increased by 1.85~0.09m, decreasing from tail to mouth in Hangzhou Bay. After the planned reclamation, storm surge increases as a whole. The increased peak value is 0.25m at the center of Hangzhou Bay.

结果表明，围涂引起的平面边界改变是影响杭州湾风暴潮的主要因素，围涂引起的地形抬升的影响是次要因素；已有围涂使杭州湾极端风暴高潮位抬升1.85~0.09m，抬升幅度由湾顶向湾口递减；规划围涂后，杭州湾风暴高潮位总体抬升，抬升值最大的湾中部为0.25m。

Debt, it would have to take steps to reduce the size of its trade surplus: most obviously, letting its currency appreciate again.

最显而易见的手段是，让人民币再度升值。

Your own home is a "tax haven" as it is a CGT-free investment.

如果你投资股汇市等其它投资领域，对于获利部分必须缴纳Capital Gain Tax，而自住房则可被看作合理逃避增值税的"天堂"，因为自住房产升值中的每一块钱都是你自己的。

He gave a speech to the effect that appreciation of RMB would affect the growth of Chinese economy.

他作了一个演讲，大意是人民币升值会影响中国经济的增长。

In this case, if the Renminbi revaluation, the hot money has the possibility to eject completely in the top digit hand's in real estate, by now the real estate price will be defeated in the top digit movement's risk, entire real estate recession in price is inevitable, possibly transforms massively with the real estate related loan as the bad debt and the bad assets.

在这种情况下，如果人民币升值，热钱完全有可能在高位将手中的房产抛出，这时房地产价格在高位运行的风险将被击破，整个房地产价格下跌不可避免，大量与房地产有关的贷款可能转化为呆账与不良资产。

In textbooks, the trilemma is defined as the balancing act of maintaining a currency peg, an independent monetary policy and free flows of international capital: only two of these three objectives are attainable.

不过，两种反应的影响却是相反的：前者会鼓励决策者积极应对通胀，而后者则可能会削弱决策者遏制通胀的能力，因为他们会尽力避免本币过度升值。

Recently, the valuation of RMB becomes a hot topic in economics both domestically and internationally. This paper discusses about the selection of various currency exchange regimes and their future goals and prospects. The analysis starts from the introduction of the theory of exchange rates and the relevant economic factors that affect exchange rates. The analysis is based on the following theories: the theory of macro-stabilization policy in open economy, the Mundell-Fleming model, originated by Professor Robert A Mundell of the Department of Economics Columbia University, who also founded the theory of the optimum currency areas; another theory is the Trilemma by Paul Krugman. It is concluded that the current stable exchange regime serves as an important guarantee for the fast economic development in China.

面对"人民币是否应该升值"这个国内外经济界讨论的热点，本文从汇率决定理论及影响汇率制度的相关经济因素出发，引用了最优货币区域理论的首创者、美国哥伦比亚大学经济系教授罗伯特·A·蒙代尔的开放条件下宏观稳定政策的理论"蒙代尔—弗莱明模型"以及克鲁格曼的"三元悖论"等理论来探讨人民币汇率制度的选择及未来汇率体制的发展目标和前景，明确了目前稳定的人民币汇率体制是促进我国经济高速发展的重要保证。

In this connection, policy contradictions resulting from the 'Policy Trilemma' proposed by Mundell-Fleming are examined to analyze the cost of gradualist capital account openness, such as capital flight in anticipation of currency devaluation and excess capital inflow coupled with asset appreciation spawned by currency revaluation.

本文首先以蒙代尔-弗莱明"三元悖论"导致的政策冲突分析了资本账户渐进开放的成本，如货币贬值预期下的资本外逃、货币升值预期情况下的资本过度流入以及资产价格上升等。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。