Question

（急用）跪求英文高手帮忙翻译下列国际金融论述题--人民币升值会怎样？人民币贬值会怎样？

人民币升值会怎样？

升值带来的影响，首先是贸易领域，人民币升值，出口肯定会下降，只是下降幅度有多大的问题。汇率变化对出口有多大的影响？其实只有在汇率变动与出口间的正相关关系大的情况下，汇率调整才会对出口起到实质性的效果。
二是对国内物价及经济的影响。人民币升值，相当于人民币购买力增强，进口增加，国内的物价水平明显会下降，这对于刚走出通缩阴影的中国经济来说，又要重新面对通缩压力。从国内目前的情况来看，由于市场庞大，而且消费者仍偏好进口货，因此，消费品的进口可能会超过生产资料的进口，从而产生通缩风险。

人民币贬值会怎样？
优点：
人民币贬值可以刺激出口，拉动经济增长的同时遏制失业。 其次，人民币贬值，短期内会让外商持有人民币的信心动摇。这无疑可以消除隐性的通膨压力，阻滞中国出现像美国那样的金融危机。

现阶段，就我的观点来看，虽然人民币贬值也会带来一些负面影响，但相对于升值来说，贬值的好处远远大于升值。
谢绝在线翻译，谢谢。

Answer 1

How will the appreciation of the renminbi?

The impact of the appreciation, first of all is the field of trade, the appreciation of the renminbi, exports would certainly drop, but drop the issue of how much. Exchange rate change on the extent of the impact of export? In fact, only in the exchange rate movements and export between the large positive correlation between the circumstances, the exchange rate adjustment on exports will play a substantive effect.
Second, domestic prices and the economy. Appreciation of the renminbi, which is equivalent to RMB purchasing power increased, imports increased, domestic price level will drop significantly, which is emerging from deflation in the shadow of China's economy is again the face of deflationary pressure. From the domestic point of view the present situation, due to a huge market, but consumers still prefer imported goods, so imports of consumer goods may be more than the import of capital goods, thereby creating the risk of deflation.

Depreciation of the currency will happen?
Advantages:
The devaluation of the Renminbi could stimulate exports and stimulate economic growth while curbing unemployment. Second, the renminbi was devalued, foreign holders of short-term to allow the yuan to shake our confidence. This is no doubt that the elimination of hidden inflation pressure, like the United States block China's emergence as the financial crisis.

This stage, to my point of view, although the devaluation of the Renminbi will also have some negative impact, but relative to the appreciation, the depreciation is far greater than the appreciation of the benefits.
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Answer 2

The impact of appreciation, is first trade fields, RMB appreciation, and exports will surely fall, but declines have much problem. How changes in exchange rate of export? In fact, only in the exchange rate and the positive correlation between the export, under the condition of the revaluation would have substantial effects on exports. Two is to domestic prices and economic effect. RMB appreciation, equivalent to enhance the purchasing power of imports, domestic price level will drop significantly, it just outside the Chinese economy deflation shadow, and against deflation pressure. From the current situation of domestic market is huge, but, because consumer preferences, therefore, still import the goods imported may exceed production material imported, resulting in a deflationary risks.

How will the dollar?
Advantages:
The dollar can stimulate exports, stimulate economic growth and curb unemployment. Secondly, the dollar, short-term inside will let foreign with renminbi confidence. It can eliminate hidden inflation pressures, such as America's blockade of the financial crisis.

At present, my point of view, while the dollar will also bring some negative effects, but relative to rise, the benefits outweigh the appreciation of devaluation.

Answer 3

How will the appreciation of the renminbi?

The impact of the appreciation, first of all is the field of trade, the appreciation of the renminbi, exports would certainly drop, but drop the issue of how much. Exchange rate change on the extent of the impact of export? In fact, only in the exchange rate movements and export between the large positive correlation between the circumstances, the exchange rate adjustment on exports will play a substantive effect.
Second, domestic prices and the economy. Appreciation of the renminbi, which is equivalent to RMB purchasing power increased, imports increased, domestic price level will drop significantly, which is emerging from deflation in the shadow of China's economy is again the face of deflationary pressure. From the domestic point of view the present situation, due to a huge market, but consumers still prefer imported goods, so imports of consumer goods may be more than the import of capital goods, thereby creating the risk of deflation.

Depreciation of the currency will happen?
Advantages:
The devaluation of the Renminbi could stimulate exports and stimulate economic growth while curbing unemployment. Second, the renminbi was devalued, foreign holders of short-term to allow the yuan to shake our confidence. This is no doubt that the elimination of hidden inflation pressure, like the United States block China's emergence as the financial crisis.

This stage, to my point of view, although the devaluation of the Renminbi will also have some negative impact, but relative to the appreciation, the depreciation is far greater than the appreciation of the benefits.