英语翻译The impact of RMB appreciationAs the comprehensive stren

英语翻译
The impact of RMB appreciation
As the comprehensive strength of the national economy grows,the Chinese currency,the Renminbi (RMB) began to appreciate.Effects of the RMB's appreciation since July have been felt both domestically and abroad,and will become even more significant with time.China should embrace the new opportunities that appreciation has opened-up and allow more room for the national economy to grow in the process of globalization.
People need to be aware that the appreciation of the RMB may have some less desirable effects on economic growth in the short term.Currently,China's export market still relies heavily on cheap labor to compete in the international market.As its added value is low,the appreciation of the RMB will affect China's export and consequently the overall growth rate of the national economy.However,there are also many positive aspects to the appreciation of the RMB.In the long run,RMB appreciation will generate more development opportunities.People will feel richer,it will improve China's status and influence in the world economy and it will change the commodity structure and the flow of investment.It will also have a significant influence on the structure of domestic production resources.
First of all,it will accelerate industrial upgrading.In a market economy,the fluctuation of the foreign exchange rate involves the international balance of incomes and expenses and is an important price indicator.The appreciation of the RMB means that the price of various domestic resources,especially land and labor,will go up in relative terms and this will speed up necessary adjustments to the commodity mix and domestic industry.RMB appreciation will gradually change the value of the international and domestic markets.Domestic enterprises will rely more on sales to the domestic market so that national economic growth is less dependent on export demand and a more reasonable industrial structure will form.
Secondly,it will promote technical innovation.In many countries,technical innovation relies primarily on a market mechanism which makes good use of price as a lever.China's production process is enormously costly in terms of resources and energy,and labor is too cheap.The appreciation of the RMB will cause an increase in the domestic prices of such things as land and labor as well stimulate the demand for innovation.Products for export must rely on technological innovation to be more competitive internationally.In the domestic market,enterprises are also forced to compete through technological innovation.Simply speaking,the appreciation of the RMB will cause the formation of a market environment that is conducive to speeding up technological innovation.

The impact of RMB appreciation
人民币升值的影响
As the comprehensive strength of the national economy grows, the Chinese currency, the Renminbi (RMB) began to appreciate. Effects of the RMB's appreciation since July have been felt both domestically and abroad, and will become even more significant with time. China should embrace the new opportunities that appreciation has opened-up and allow more room for the national economy to grow in the process of globalization.
随着国民经济宏观调控的增强,人民币作为中国的货币开始升值.国内外从七月起就感受到了人民币升值的影响,而这种影响无疑会随着时间的推移而加深.中国需要抓住这个机遇,因为在全球化的过程中人民币升值为国民经济的发展创造了更大的空间.
People need to be aware that the appreciation of the RMB may have some less desirable effects on economic growth in the short term. Currently, China's export market still relies heavily on cheap labor to compete in the international market. As its added value is low, the appreciation of the RMB will affect China's export and consequently the overall growth rate of the national economy. However, there are also many positive aspects to the appreciation of the RMB. In the long run, RMB appreciation will generate more development opportunities. People will feel richer, it will improve China's status and influence in the world economy and it will change the commodity structure and the flow of investment. It will also have a significant influence on the structure of domestic production resources.
人们需要谅解,人民币升值在短期内给经济带来的或许不是很乐观的效果.现在中国的出口仍需要依靠廉价劳动力来与国际市场进行竞争.由于这样的净增值低,人民币升值将会影响中国的出口甚至最终影响到国民经济总体的增长.但人民币升值也会有许多积极作用.用长远的眼光来看,人民币升值将会催生更多的发展机会.人民将感觉到更为富裕了,中国的国际地位和在世界市场上的影响力将会提高,中国商品结构和投资流向将会发生变化.同时,它也会深刻影响国内生产资源.
First of all, it will accelerate industrial upgrading. In a market economy, the fluctuation of the foreign exchange rate involves the international balance of incomes and expenses and is an important price indicator. The appreciation of the RMB means that the price of various domestic resources, especially land and labor, will go up in relative terms and this will speed up necessary adjustments to the commodity mix and domestic industry. RMB appreciation will gradually change the value of the international and domestic markets. Domestic enterprises will rely more on sales to the domestic market so that national economic growth is less dependent on export demand and a more reasonable industrial structure will form.
首先,人民币升值会加速产业升级.在市场经济中,外汇汇率的波动起伏作为一种重要的价格指标,会影响国际收支平衡.人民币升值意味着国内各种资源价格,尤其是土地和劳动力的价格,将会相对提高；这无疑会加速对商业结构和国内产业的必要调整.人民币升值会逐渐改变国内外市场的重要性.国内企业将会更多地在国内市场出售商品,这样国民经济增长就会愈加独立,不会过分依靠出口需求,形成一个更为合理的产业结构.
Secondly, it will promote technical innovation. In many countries, technical innovation relies primarily on a market mechanism which makes good use of price as a lever. China's production process is enormously costly in terms of resources and energy, and labor is too cheap. The appreciation of the RMB will cause an increase in the domestic prices of such things as land and labor as well stimulate the demand for innovation. Products for export must rely on technological innovation to be more competitive internationally. In the domestic market, enterprises are also forced to compete through technological innovation. Simply speaking, the appreciation of the RMB will cause the formation of a market environment that is conducive to speeding up technological innovation.
接着,人民币升值会促进技术创新.在许多国家,技术创新根本上需要市场调节,市场调节作为一种杠杆能够很好地调节价格.中国的生产在资源能源方面浪费十分严重,劳动力也尤为廉价.人民币升值将会带来国内商品价格（例如土地、劳动力）的增长,同时刺激创新的需求.出口产品必须依赖于技术创新,这样在国际市场上才更有竞争力.在国内市场,企业也将进行创新竞争.简单地说,人民币升值将会形成一种有益于刺激技术创新的市场环境.