关于以下次贷危机对中国影响的文章的英文翻译。
发布网友
发布时间：2022-04-21 06:07
共2个回答
热心网友
时间：2022-06-18 09:54
In 2007 the United States at the outbreak of the credit crisis, the Government's rescue many of the measures will not curb the spread of the crisis, which graally turned into a worldwide financial crisis affecting the countries in the world and the real economy. China, the world economic development as an important force, and therefore will bring a number of times of crisis.
First, the crisis on China's exports will be a huge direct impact. On the one hand, e to the depreciation of the dollar and the continued appreciation of the yuan, making China's exports in the world market price of a lack of competitive edge, the price is bound to the effect of China's export instries have a negative impact; On the other hand, the United States, as China's export trade is an important partner in the crisis, e to its sluggish domestic economy makes its import demand decreased, resulting in China's export trade growth slowed down. The impact has been since 2007 since the show. Since February 2007, Sino-US trade in the same period last year there have been continuous decline in the trend, in which, exports to the United States since 2007, began in October on a year-on-year growth rate of less than imports. Based on previous experience in trade, a decline in U.S. consumption of a percentage point, we exports to the United States will drop 5-6 percentage points; if the United States consumption declined 3 percentage points, is in a recession, we export to the United States a significant slowdown , Would have a total of 20% -30% of China's exports have an impact.
Second, the crisis brought about by the depreciation of the dollar would seriously damage China's foreign exchange reserves held by the large number of dollars the value of its real purchasing power. Since the crisis, the U.S. government in order to ease the worsening domestic economic situation and passed on its own economic recession risks, accelerated depreciation of the U.S. dollar in the process. From July 2005 to China's RMB exchange rate reform by the end of October 2008, the RMB exchange rate against the U.S. dollar appreciated from 8.11:1 to 6.84:1. China's trade surplus in recent years e to the existence of a large number of accumulated a large amount of foreign exchange reserves, as of September 2008, China's foreign exchange reserves of more than 1.9 trillion U.S. dollars, is the world's largest foreign exchange reserves of the country. This crisis arrival, so that on the one hand, China held by the rapid devaluation of U.S. dollar assets, on the other hand, so that a large number of China's foreign exchange reserves, the real purchasing power as a result of the continued depreciation of the dollar graally lower.
Third, the crisis has changed the risk appetite of investors, exacerbated the short-term international capital flows volatility. With the global economic uncertainties and risks rising, the developed countries to slow down the pace of economic development, the U.S. dollar and the continued devaluation of the yuan revaluation is expected to continue to strengthen, a large number of international capital flows to our country, not only to increased speculative capital and Liquidity management more difficult, but also further increase the pressure on RMB appreciation.
Fourth, the crisis in China to have a negative impact, will also have a number of opportunities. On the one hand, the crisis in our government can really look at some of the instry's competitiveness and potential of the domestic instry to promote structural adjustment and at the same time, will also deal with the crisis in the accumulation of experience, training and training a group of anti-risk ability of instries and enterprises ; On the other hand, in this crisis, European and American financial markets suffered heavy losses, the external environment is concive to China's financial institutions to bypass certain threshold barriers and through acquisitions, mergers and capital injection, and other means at relatively low cost The expansion of the world's financial investment and speed up the process of internationalization. At the same time, the continued depreciation of the dollar and the RMB appreciation, but also help to improve the RMB in the international monetary system.
热心网友
时间：2022-06-18 09:55
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