升值

Has collected since July,2005 changes, the Renminbi to US dollar accumulation revaluation scope already about 8%, the year revaluation scope in 4%, at present a US dollar year time deposit interest rate is 3%, this also meant, has in the bank US dollar real return is the negative value, the property one daily "the synaeresis".

自2005年7月汇改以来，人民币对美元累计升值幅度已在8%左右，年升值幅度在4%，目前美元一年期的存款利率为3%，这也就意味着，存在银行中的美元实际收益为负值，资产正在一天天地"缩水"。

Has collectedsinceJuly,2005 changes, the Renminbi to US dollar accumulation revaluation scope already about8%, the year revaluation scope in4%, at present a US dollar year time deposit interest rate is3%, this also meant, has in the bank US dollar real return is the negative value, the property one daily "the synaeresis".

自2005年7月汇改以来，人民币对美元累计升值幅度已在8%左右，年升值幅度在4%，目前美元一年期的存款利率为3%，这也就意味着，存在银行中的美元实际收益为负值，资产正在一天天地"缩水"。

Prove by this research, the revaluation of Taiwan Dollar is advantageous to raise up the REITs prices. And the revaluation could be come from the prospect ion of global investment to the local real estate market. Besides, Granger Casuality has demonstrated the prices of construction group that has got ahead of REITs prices,and whenever it goes up, REITs will be lifted up at the same time.Moreover, REITs issued by Financial Holding is performed better than other issuers.Maybe the reason is the Financial Holding operated the higher quality targets as the trust objects than others.

经由本研究多元回归模型实证发现，台币的升值，有裨益於REITs价格的提升，而台币的升值有可能源自於外资对台湾房地产商办的看好；此外由Granger因果关系检定可得知，营建股股价领先REITs股价的走势，亦为当营建类股走强时，REITs类股也会为之水涨船高，此外金控发行REITs表现亦优於非其他REITs的表现，此有可能金控机构拿出来信托的标的物较为优质所致。

All of a sudden present itself of Piney Dais Hill Person that is volatile news of picture forum space. Increase in value space great of his picture.

松薹山人的突然闻世，是画坛的一爆炸新闻，他的画升值空间大，无疑也将是国畵收藏家投资升值关注的好机会。

Although RMB appreciation bring adverse influences, auther hold agreeable attitude at all times, in the foundation of Consumer-producer Model of Yang xiaokai, exporter-importer model is constructed to analyse in the article. The result indicate, RMB appreciation made for improving our residenters' Consumer Surplus and upgrading our national industrial framework and optimizing our national resourceful collocation and technical innovation, diminishing earings' difference between rivalrous industries and monopolistic industries and so on.

人民币升值，虽然给我国带来不利影响，但是作者一直持赞成态度，在杨小凯生产者－消费者模型的基础上，文章构建出口商－进口商模型进行剖析，结果表明，人民币升值有利于增加我国居民的消费者刹余；有利于提升我国的产业结构；有利于优化我国的资源配里；有利于我国的技术创新；有利于缩小竞争性行业与垄断性行业之间的收入差距。

Major industries damaged by and benefitting from Yuan's rise The impact of a Yuan's rise on various kinds of sectors varies according to the different characteristics of industries.

主要工业损坏和人民币升值受惠该部门的一份关于各种人民币升值的影响根据不同行业的不同特点。

On July 21,2005, China began implementing a new exchange rate system by rasing the RMB exchange rate by 2%, which has shown a situation of sustained appreciation.

2005年7月21日，我国开始实行新的汇率制度，人民币升值2%，并呈现出持续升值的态势。

Over the past year, the only currency appreciation in China, and China's relatively all currencies are revalued.

在过去的一年中，中国唯一的货币升值，以及中国的相对所有货币升值。

To: the formation of market expectations is a very complex process, I was in the analysis said, when the appreciation of the renminbi, according to China's situation, there is no reason why the yuan is revalued.

到：市场预期的形成是一个非常复杂的过程，我在分析说，当人民币升值，根据中国的情况，但正因为如此，人民币升值的理由。

Considering that the cost of easing monetary policy may be higher than that of revaluing the exchange rate, Japan's Finance Minister at the time suggested that the currency appreciation would be a better policy option.

考虑到缓解货币政策的成本可能比汇率升值成本高，当时日本财务部长认为当时的货币升值是更好的选择。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。