有管理的浮动

我国的有管理的浮动汇率制的选择是符合我国国情的科学的正确的选择。

The Managed floating exchange rate system is a scientific , correct choice confirming to the realistic situation of China at present .

肮脏浮动或有管理的浮动汇率制度是指技术上的汇率是自由浮动，但政府可能干预不时。

Dirty floating or Managed floating exchange rate system means the exchange rate is technically free to float , but governments may intervene from time to time .

人民币汇率制度变化的历程也经历了官方汇率官方汇率与市场汇率并行单一的、有管理的浮动汇率三个阶段。

Similarly , the reform of exchange rate experienced three stages .

有管理的浮动汇率将成主导

The Main Trend to Implement the Managed Floating Rate System

人民币汇率制度改革：回归有管理的浮动

The Reform of RMB Exchange Rate System : Return to Managed Floating

回归有管理的浮动汇率制度，是实施这一战略的适当选择。

Returning to the managed floating system is obviously the appropriate selection for China .

有管理的浮动汇率制：我国汇率制度改革的科学选择

Managed Floating Exchange Rate System : A Scientific Choice for China 's Exchange Rate System Reform

1994年，人民币汇率制度进行了改革，确定为以市场为基础、单一的有管理的浮动汇率制度。

In 1994 , RMB exchange rate regime was changed into market-based , single , managed floating exchange rate .

中国人称之为有管理的浮动汇率管制，这也许意味着更多的管理而非浮动。

The Chinese called it a managed floating exchange-rate regime , which may well imply more management than floating .

我国经过多年的改革探索于1994年建立起了以市场供求为基础、单一的、有管理的浮动汇率制。

In the year of 1994 , fluctation exchange rate system has been established over years of reform in China .

中国从1994年开始实行由市场供求决定的有管理的浮动汇率制。

China has introduced a system of floating exchange rate determined by market supply and demand with management since 1994 .

我们当时确定的机制是以市场供求为基础，单一的、有管理的浮动汇率。

It was decided at that time that we would adopt a market-based , single , regulated floating exchange rate regime .

中国的汇率制度实质是一种固定汇率制，存在自身的体制缺陷，中国汇率制度的选择是建立真正的有管理的浮动汇率制度。

The ever-attracting issue of RMB exchange rate makes China to have a change in the choice of exchange rate system .

更明智的做法应该是鼓励资本输出并逐步开放资本账户，同时实行有管理的浮动汇率。

The more rational measures shall be to encourage capital output and gradually open capital account while practicing controlled floating exchange rate .

我国的经济背景及国际环境决定了人民币放弃钉住美元的大趋势，但我国还不具备直接向浮动汇率制度转换的经济条件，因此，有管理的浮动汇率制度将是明智的选择。

According to the economic background of our country , the managed float exchange rate system is the best choice for China .

人民币汇率制度是有管理的浮动汇率制，但实际运作并未真正实现管理浮动。

The RMB exchange rate system should be a controlled floating rate , but it is never one in its true sense .

实行以市场供求为基础的、单一的、有管理的浮动汇率制。外汇储备数量随之大幅度增长。

The practice of market-based , single and managed floating exchange rate system Substantial growth in the number of foreign reserves followed .

但在建立有管理的浮动汇率制度过程中的人民币小幅升值不会诱致房地产泡沫膨胀或崩溃。

But , when building the manageable floating system of exchange rate , small amount of appreciation will not blow up the bubble .

而对有管理的浮动汇率制的“管理”则要谨慎从事，不能轻易松动，但可以逐渐放宽人民币汇率的浮动幅度。

The management should not become flexible easily , but the floating range of the exchange rate of RMB can be relaxed gradually .

今后，我国有必要改进人民币有管理的浮动汇率制度，使汇率更多的反映市场供求信号。

There is necessary to reform the managing floating system of RMB and make exchange rate reflect more demand and supply in market .

我国自1994年汇率并轨以来，实行的是以市场供求为基础的，单一的有管理的浮动汇率。

Since 1994 , China has been carrying out a single , managed floating system based on supply and demand in the market .

我们采取了以市场供求为依据、参考一篮子货币的有管理的浮动汇率制。

We have adopted a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies .

当前，我国实行以市场供求为基础的、有管理的浮动汇率制。

Presently , our country implements take the market supply and demand as the foundation , has the management the floating exchange rate system .

从此人民币汇率告别长达10年的固定汇率体制，进入了有管理的浮动汇率制度。

Since then , the RMB exchange rate bid farewell to a 10-year fixed exchange rate system into a managed floating exchange rate system .

第三阶段是1994年至今，实现了汇率并轨，实行以市场供求为基础、单一的、有管理的浮动汇率制。

The third from 1994 to present , realization of single , managed floating exchange rate system whose base is market supply and demand . ⅱ .

1949年至今，人民币汇率制度经历了由官定汇率到市场决定，从固定汇率到有管理的浮动汇率的演变。

Since 1949 , Renminbi has changed from fixed rate system to managed floating rate system , from being determined by government authorities to market determination .

我们要完善有管理的浮动汇率制度，保持人民币汇率在合理、均衡水平上的基本稳定。

We will improve the system of managed floating foreign currency exchange rates and keep the Renminbi exchange rate basically stable at an appropriate and balanced level .

由于我国实行的是有管理的浮动汇率制度，针对外汇市场上过多的外汇，央行会为了维持汇率的稳定，实施相应的干预措施。

Since we implement the managed floating exchange rate system , the central bank carries out the corresponding intervening measure to aim at the overmuch foreign exchange .

我国自1994年实行汇率并轨以来，实行的是“有管理的浮动的汇率政策”。

Since China implemented the merging of the exchange rates since 1994 , it was " exchange rate policy floating of having management " that was implemented .

在亚洲经济复苏之后，人民币汇率制度面临这样的选择，是继续实行钉住美元制还是重归有管理的浮动汇率制？

After the recovery of East Asian Economies , Chinese policymaker will have to make a decision , continue with dollar pegging or return to managed floating regime ?