RMB ready to be a world currency, expert

时间：2007-03-26 01:11:08

（单词翻译:单击）

Chinanews,Beijing, March 22 - "RMB is ready to become a new world currency, and the Chinese government should do something to accelerate this process," said Zhao Haikuan, a famous Chinese economist1.

 

China's GDP growth in 2006 was 10.7%, making it the fourth largest economy in the world, with a foreign exchange reserve of more than $1 trillion. Its great economic strength and good momentum2 of economic growth have already laid a solid foundation for RMB to become a world currency.

 

"China fully3 fulfilled its obligation as a regional power in the previous Asian economic crisis by adhering to the "strong-RMB" principle, winning RMB for the world's trust," added Zhao.

 

Actually, China's complete and efficient banking4 system will also be an advantage for RMB in the future.

 

"I suggest that China should open free conversion5 under capital accounts, which will boost the process of RMB becoming a world currency and help further open of China's financing industry," concluded Zhao.

 
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1 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
2 momentum DjZy8     
n.动力，冲力，势头；动量
参考例句：
  • We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
  • The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。
3 fully Gfuzd     
adv.完全地，全部地，彻底地；充分地
参考例句：
  • The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
  • They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。
4 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
5 conversion UZPyI     
n.转化，转换，转变
参考例句：
  • He underwent quite a conversion.他彻底变了。
  • Waste conversion is a part of the production process.废物处理是生产过程的一个组成部分。

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