Exchange Rate of the Chinese RMB
Key Learning Point:
商务用语 (shāngwù yòngyǔ) Business vocabulary
Look at the short business report:
Jìn jǐ nián lái, rénmínbì huìlǜ wèntí chéngwéi guónèiwài guānzhù de jiāodiǎn.
近 几年 来，人民币 汇率 问题 成为 国内外 关注 的 焦点。
In recent years, governments around the world have taken notice of China's currency policy.
Zài èrlínglíngwǔ nián qī yuè èrshíyī rì de huìlǜ gǎigé zhōng,
在 2005 年 7 月 21 日 的 汇率 改革 中，
When the Chinese government changed its exchange rate policy on July 21st 2005,
Zhōngguó kāishǐ cǎiyòng gèng wéi línghuó de "yǐ shìchǎng wéi jīchǔ de,
中国 开始 采用 更 为 灵活 的”以 市场 为 基础 的、
cānkǎo yìlánzi huòbì jìnxíng tiáozhěng de, yǒu guǎnlǐ de fúdòng huìlǜ zhìdù,"
参考 一篮子 货币 进行 调整 的、有 管理 的 浮动 汇率 制度”，
ér búshì dāndān dīng zhù měiyuán.
而 不是 单单 盯 住 美元。
they began taking steps towards adopting an exchange rate regime that is more flexible and market based. However, it would also be managed with a basket of several currencies in mind, not just the US dollar.
Cǐhòu, rénmínbì duì měiyuán zài wēifú bōdòng zhōng,
此后，人民币 对 美元 在 微幅 波动 中，
yǐ měinián yuē bǎifēnzhī sìdiǎnsān de fúdù kuàisù shēngzhí, bìngqiě chéng jiāsù qūshì.
以每年 约 4.3% 的 幅度 快速 升值，并且 呈 加速 趋势。
Since that meeting, the Chinese renminbi has been appreciating little by little against the US dollar, at an average rate of about 4.3% per year. But over time, the rate of appreciation has shown a tendency to accelerate.
术语 (shùyǔ): Glossary
汇率 (huìlǜ): n. exchange rate
汇率改革 (huìlǜ gǎigé): n. reform of exchange rate
以市场为基础的 (yǐ shìchǎng wéi jīchǔ de): adj. market based
一篮子货币 (yìlánzi huòbì): n. a basket of currencies
词汇 (cihuì): Vocabulary
浮动 (fúdòng): v. to float / n. float
采用 (cǎiyòng): v. to adopt
调整 (tiáozhěng): v. to adjust
微幅波动 (wēifúbōdòng): slight fluctuations
约 (yuē): adv. about
升值 (shēngzhí): v. to appreciate / n. appreciation
呈……趋势 (chéng…qūshì): v. to show an… tendency
符号 (fúhào) Notation
"%" – the percent sign
In Chinese, the percent sign "%" is read "bǎifēnhào." The way we write and read it is "百分之 (bǎifēnzhī)." For example, the way we say "ten percent" is "百分之十 (bǎifēnzhīshí)."
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