Question

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新加坡采取的就是参考一篮子货币的汇率制度。，中国与新加坡均有较大的差别，现分析如下：

1，经济规模。衡量经济规模的主要指标有人口、土地面积、收入水平和产值。从这一点来看新加坡与中国之间有巨大的差别。新加坡是人口不过400万的小国，而中国却有13亿人口。新加坡的地表面积为1000平方公里，包括台湾、澳门和香港在内的中国地表面积为9，598，00平方公里。2002年新加坡国民总收入为861亿美元，同期中国国民总收入为12342亿美元。新加坡2001-2002年度国内生产总值增长百分比为2.2%,同期中国国内生产总值增长百分比为8.0%,新加坡的经济规模与中国不能同日而语，见表1

2，对外开放度! 新加坡是一个岛国，国内资源缺乏，基本上全部依靠进口，因此对外开放度较高。除进口各种资源外，新加坡积极投身于转口贸易，获取利润。中国在加入WTO后虽然正在努力扩大对外开放度，但与新加坡之间仍存在较大差别。

3,对外产品贸易结构.中国的商品出口总额为325,565,000,000美元，新加坡为125,117,000,000美元。从两国的商品出口结构中可以看到占比最高的都是制成品的出口，但新加坡的数据构成中有大量的转口份额。另外，中国的食品出口较多，其中有很多农产品，新加坡的燃料出口较多，大部分也是转口贸易。从两
国的商品进口结构来看，制成品占比依然最高。中国对农业原材料的进口占比为4%，而新加坡却没有进口农业原材料（ 见表2、表3）。

4, 金融市场发展程度
众所周知，新加坡为全球著名的金融中心，亚洲四小龙之一，其经济金融发达程度为世人所瞩目。虽然中国也拥有上海、香港等金融中心并有良好的发展潜力，但就现在而言其发展程度与新加坡相比还存在一定差距。综上所述，中国与新加坡在以上各方面均有较大差别。因此不能够简单的复制新加坡的成功经验，而应该根据中国国情来制定真正适合自己的汇率制度。人民币走向浮动是早晚的事，现在要迈出实质性的步伐，实行钉住一篮子货币的汇率制度既可以在一定程度上保证人民币的汇率稳定又可以稳定汇率预期，这些都有利于驱散目前中国众多的热钱，使人民币的汇率走上正轨。

Answer 1

Singapore is taken by the reference to a basket of currencies exchange rate regime. China and Singapore are quite different, are as follows:

1, the economy of scale. Measuring economies of scale are the key indicators population, land area, income level and output. From that point of view between Singapore and China has enormous difference. Singapore is the population but 4 million of small countries, and China has 1.3 billion population. Singapore's surface area of 1,000 square kilometers, including Taiwan, Macao and Hong Kong, China surface area of 9,598,00 square kilometers. In 2002 Singapore gross national income to 86.1 billion US dollars, China's gross national income over the same period to 1.2342 trillion US dollars. Singapore 2001-2002 GDP growth percentage of 2.2 percent during the same period, China's GDP grew percentage of 8.0%, Singapore's economy of scale and China can not be the same breath in terms, as shown in table 1

2, opening to the outside world degrees! Singapore is an island country, the lack of domestic resources, basically all depends on import, and therefore a higher degree of opening to the outside world. In addition to imports of all kinds of resources, Singapore actively engaged in re-export trade, profits. After China's accession to the WTO is working to expand the opening to the outside world while, but still exist between Singapore and quite different.

3, the structure of external trade products. China's merchandise exports amounted to 325.565 billion US dollars, Singapore to 125.117 billion US dollars. Merchandise exports from the two countries can be seen in the structure accounted for the highest exports are manufactured goods, but in Singapore's data constitute a large number of re-exports share. In addition, China's food export more, including many agricultural products, Singapore's exports more fuel, the majority also re-export trade. From two
The structure of imports of goods, manufactured products accounted still the highest. China's imports of agricultural raw materials accounted for 4 percent, while Singapore has not imported agricultural raw materials (see table 2, Table 3).

4, the degree of financial market development
It is well known that Singapore is a globally renowned financial center, one of the four dragons of Asia, its economic and financial developed by the degree of attention to the world. Although China also has Shanghai, Hong Kong and other financial centers and with good development potential, but now in terms of its level of development Compared with Singapore and there are still certain gaps. In short, China and Singapore in these areas are quite different. So can not simply copy the successful experience of Singapore, but should be formulated in accordance with China's national conditions really suit their exchange rate regime. RMB to float is just a matter now to take a substantial step, a peg to a basket of currencies exchange rate system can guarantee to a certain extent, stability of the renminbi's exchange rate stability in the exchange rate can be expected, these are beneficial to disperse China numerous hot money, the renminbi exchange rate on track.

Answer 2

Singapore adopt is the rate of exchange system which makes reference to a son currency. There is all bigger difference in China and Singapore, Be analyze as follows now:

1, economic scale.Measure main index sign someone's, land area, income level and production value of economic scale.See there is huge difference between China and Singapore from this.Singapore is a population however 4,000,000 small countries, but there are 1,300,000,000 people in China.The earth's surface area of Singapore is 1000 square kilometers, the Chinese earth's surface area including Taiwan, Macau and Hong Kong is 9, 598, 00 square kilometers.Singapore citizen's gross earnings is USD 86,100,000,000 in 2002 and same period Chinese citizen's gross earnings is USD 1,234,200,000,000.Singapore GDP increases the percentage as 2.2% in the Year 2001-2002's, same period Chinese GDP increases the percentage as 8.0%, economic scale and China of Singapore can't mention in the same breath and see table 1

2, outward open a degree! Singapore is an insularity, the local resources lack, basically and all depend on import, so outward open one degree higher.In addition to importing various resources, Singapore actively throws a body to trade at the re-exports and obtain profits.China is after join WTO although is extending to outward open a degree hard, still exist bigger difference with of Singapore.

3, outward the product trade structure.The merchandise export total amount of China is USD 325,565,000,000 and Singapore is USD 125,117,000,000.Can see have to compare tallestly and all be the exit of finished product from the merchandise export structure of two countries, but the data of Singapore constitute medium have a great deal of re-exports quota.Moreover, the food export in China is among them more, have a lot of agricultural products, the fuel export of Singapore is more, and greatly the part is also a re-exports trade.From two
The merchandise import structure of the country to see, the finished product have ratio still tallest.China's import to the agriculture original material has to compare to 4%, but there is no importing agriculture original material in Singapore.( see table 2, table 3)

4, the financial market develops degree
Know to all, Singapore is the banking center of global Zhao, one of the so-called Asia tigerses, the its economic financial flourishing degree is focus attention by people of this world.Although China also owns Shanghai, Hong Kong etc. banking center also good development potential, now but talk its development degree and Singapore to compare to still exist a certain margin.On the Zong say, in above everyone's noodles there is all bigger difference in China and Singapore.Successful experience of replication Singapore therefore can'ting be enough simple, but should draw up according to the Chinese state of the nation real suit an own rate of exchange system.Renminbi alignment's float is sooner or later of matter, want to exceed a step of materiality now, the execution nails a rate of exchange system of son currency since can promise to some extent that the rate of exchange of renminbi is stable and can stabilize a rate of exchange expectation, these are all advantageous to break up currently numerous hot money in China and make the rate of exchange of renminbi walk up the correct path.