Author: coffee_bean

2005赛季夏秋季联赛第三期(10月25日)公告 [Copy link] 中文

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Post time 2005-11-2 10:30:00 |Display all floors

Hog-on-ice, hope you go madder to post more funny pics here:P

They are soooooooooo cute, really amusing!
The more, the better.
i am sure  Coffee Bean and Tony Li will be moved and then show up by your persistence and ardent passion with your more pics here.Let's wait and see

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Post time 2005-11-2 12:45:53 |Display all floors



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Post time 2005-11-2 12:56:24 |Display all floors

to hog-on-ice

i am sorry about my sending such more repeated posts yesterday. it was resulted from the matter of my computer and my ignorance of removing them. i should pay more attention to do that next time. i wish everyone here would forgive me. in addition, hog-on-ice, do you know what time the next translation begin on?

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Post time 2005-11-2 13:07:18 |Display all floors

wait patiently

the reference translation is surely to be given. maybe it need to take some time. what do you think about this translation text? i felt difficult really.

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Post time 2005-11-2 15:42:33 |Display all floors



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Post time 2005-11-2 15:44:01 |Display all floors


Thanks for your appreciation, dear buddy!
Let's learn from each other and make progress together.

The reference version will come out in a few days , i bet. We need to be patiently waiting for the Standard version from the Master's hand.

Your evaluation and correction on my translation is greatly welcomed.
Good Day!

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Post time 2005-11-3 09:53:41 |Display all floors



the Reform of RMB’s Exchange Rate

   In recent two years, the reform of the RMB’s exchange rate has always drawn extensive concern at domestic and the abroad. From 1994 to this day, China’s management system of foreign exchange has experienced important reforms. While the complete convertibility is feasible under the situation of regular items, administrable RMB’s exchange system, which floating rate keeps at 8.27 levels or so for several years, has nominally been put into effect.
        Recently China’s economy has witnessed a continuous and high-speed development and its trade surplus has gradually enlarged and its foreign reserve has also increased rapidly. So more and more people are aware that it is necessary to establish a more flexible management mechanism of RMB.

         On July 21, a RMB’s exchange system, characterized by an administrable floating rate and also basing on the supply and demand of markets as well as adjusting it according to a package currency, was put into practice by the China Center Bank. The reform involves three main aspects: to adjust the exchange rate from USD 1 to RMB 8.28 to USD 1 to RMB 8.11, an increase of 2%, to fix the rate according to the package currency not to the USD, thirdly, fluctuation margin of the RMB’s floating rate within 0.3% each day comparing with the closing price of the previous day is allowable.


On August 9, the China Center Bank announced to reform the foreign exchange markets among banks, which means to open the market to non-banking facility and non-financial enterprises. At the same time, inquiring price, a new trading method with more obvious market’s features, as well as the postponed foreign exchange transaction and swap transaction are also introduced into the market at the first time, which indicates the China Center Bank is gradually taking up with pushing forward the reform of the RMB’s exchage rate.

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