英语翻译2007年美国爆发次贷危机,政府的许多救援措施并没能遏制危机的蔓延,从而逐渐转变为世界范围内的金融危机,并且影响

英语翻译
2007年美国爆发次贷危机,政府的许多救援措施并没能遏制危机的蔓延,从而逐渐转变为世界范围内的金融危机,并且影响到世界各国的实体经济.中国作为世界经济发展中的一支重要力量,也将因此次危机带来诸多的影响.
第一,危机对中国出口将造成巨大的直接影响.一方面,由于美元贬值以及人民币持续升值,使得我国的出口产品在世界市场内缺乏价格上的竞争优势,这种价格效应必然会给我国出口行业的发展带来负面影响；另一方面,美国作为中国出口贸易的一个重要伙伴,在危机爆发后,由于其国内经济的不景气使得其进口需求明显下降,导致我国出口贸易增长速度减缓.这一影响自2007年以来已经显现.自2007年2月以来,中美贸易同比出现了持续下降的态势,其中,对美出口自2007月10月开始出现了同比增长速度低于进口的变化.根据以往贸易经验,美国消费下滑1个百分点,我们对美国的出口就会下降5-6个百分点；如果美国消费下降3个百分点,经济步入衰退,我们对美的出口将会出现明显的下滑,累计会对中国20%-30% 的出口产生影响.
第二,危机带来的美元贬值会严重损害中国持有的大量美元外汇储备的价值及其实际购买力.自危机爆发以来,美国政府为了缓解国内每况愈下的经济状况和转嫁自身经济陷入衰退的风险,加速了美元贬值的进程.从 2005年7月我国人民币汇率改革至2008年10月底,人民币对美元汇率从8.11：1升值到了6.84：1.由于近几年我国贸易顺差的大量存在,积累了大量的外汇储备,截至2008年9月,我国外汇储备超过了1.9万亿美元,是世界最大的外汇储备国.此次危机的到来,一方面使中国持有的美元资产迅速贬值,另一方面也使我国大量外汇储备的实际购买力因美元持续贬值而逐渐降低.
第三,危机改变了投资者的风险偏好,加剧了短期国际资本流动的波动性.随着全球经济运行的不确定性和风险的不断上升,加以发达国家经济发展速度放缓、美元持续贬值以及人民币升值预期不断增强,大量的国际资本流入我国,不仅加大了对投机性资本和流动性管理的难度,也进一步加大人民币升值的压力.
第四,此次危机在给中国带来负面影响的同时,也会带来一些机遇.一方面,在危机中我国政府可以真正审视一些行业的竞争力与潜力,促进国内产业的结构性调整,同时,也将积累应对危机的经验,锻炼和培养一批抗风险能力强的行业和企业；另一方面,在此次危机中,欧美金融市场遭受重创,这一外部环境有利于我国金融机构绕过某些门槛和壁垒,通过收购、合并和注资等手段以相对较低的成本扩大在世界范围内的金融投资,加快国际化的进程.同时,美元的持续贬值以及人民币升值,也有助于提高人民币在国际货币体系中的地位.

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 gradually 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,due 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 industries have a negative impact; On the other hand,the United States,as China's export trade is an important partner in the crisis,due 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 due 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 gradually 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 industry's competitiveness and potential of the domestic industry 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 industries and enterprises ; On the other hand,in this crisis,European and American financial markets suffered heavy losses,the external environment is conducive 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.