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貴陽翻譯公司關鍵字：From the central leaders have repeatedly reaffirmed on not devaluing the renminbi grounds, more reason not to devalue is temporary, and not to devalue the measures is to maintain temporary. We say that devaluation will increase the external debt burden, will deepen the Asian crisis, the hard-won political stability will suffer and so on. And we have huge foreign exchange reserves, it can not be depreciated. The devaluation will not affect the export problem, solved by increasing the export tax rebate. More than a year, the fact that the decision-making is largely in line with reality. Although 1998 exports grew by only 0.5%, but there is still a big increase in exports to Europe and America, Southeast Asia and Japan make up for the decline in exports. However, to promote exports by a substantial tax practice is unlikely to be sustained. Deteriorating economic專業翻譯公司服務最好的 situation in Brazil this year, will certainly affect China's exports to the United States and Europe increased, this is due to Brazil's industrial sales for the United States and Europe will increase, partly because the U.S. and Europe to reduce exports to Brazil, which will affect the U.S. and Europe growth in demand. Meanwhile, Southeast Asia, Japan, Russia, South Korea's economy had shown improvement. In addition, there is a need to consider a major uncertainty that the U.S. bubble economy may suddenly burst sometime this year. In such a grim international economic專業翻譯公司服務最好的 environment, relying on the export tax rebate to maintain the space will be very limited. Once the tax no longer as effective as 1998, the role of exports dropped further, does it still insist on not devaluing the renminbi commitments? This involves the idea of ??long-term economic專業翻譯公司服務最好的 development issues.
Obviously, there is a view from the outset not to devalue against the RMB. The most representative view is that devaluation is the most powerful weapons export competition. The 1994 devaluation as a starting point, China has gradually won the Southeast Asia's export share of emerging countries, hard-won victories. But in Southeast Asia after the currency devaluation, will regain its export share. If China in October 1997, the initiative will be around 20-30% devaluation, foreign importers, taking into account transaction costs, and cheap labor in China within the library's existence, or at least maintain the existing market in Southeast Asia will not be regained. Once we missed this opportunity, the foreign investment and foreign investors will have enough time to base their production and procurement moved to Southeast Asia by that time, we then have to regain market share, China's sacrifice on the big, maybe depreciated to 60 -70% of the job. For consider the depreciation of the currency depreciation will lead to a vicious circle of view, this view, international competition is so ruthless, vicious competition, you do not join, will be eliminated. Currency depreciation will be considered for the national decline in import capacity, and thus the growth of exports can not view, this view, although the total export market will shrink, but we will depreciate shrinking export markets in a bigger share in the competition in the market, "rather to share, not profit" is wisdom. As for the RMB devaluation will increase the external debt burden, this view, only the strength of strong exports have to repay foreign debt, if the depreciation of the decline in exports because they do not even deficit, it will not be able to repay a debt. Moreover, devaluation will write-off bad debts in the banking system. Therefore, not devaluing the renminbi means to finally open the international market over to people, means to give up years of the formation of export-oriented strategy, which means out of the international economic專業翻譯公司服務最好的 division of labor, means that re-closed door. Share on Chinese paper download http://www.studa.net
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