英闻天下——378 Expert on China's RMB Reform

 　　The central bank here in China is making moves to allow more flexibility¹ in the yuan's exchange rate.

 

　　Yi Gang, deputy governor of the People's Bank of China, has made the suggestion on the sidelines of the National People's Congress.

 

　　At the same time, the head of the National Development and Reform Commission Zhang Ping is reporting they're making good progress on the currency trading pilot programme in the Qianhai district of Shenzhen, which is located along the border with Hong Kong.

 

　　The renminbi hit a seven-week high Wednesday after both the PBOC and Chinese commercial banks bought a record 110-billion US dollars worth of foreign exchange in January.

 

　　For more on the Chinese currency reform, we're joined live on the line by CRI's financial commentator² Cao Can.

 

　　1. How ready is the PBOC to increase the margins³ within which the yuan is allowed to fluctuate? What consequences would this have?

 

　　2. How are pilot projects such as the Qianhai district in Shenzhen working? Should it be successful, will other similar zones be set up and liberalise interest rates here on the mainland?

 

　　3. The IMF is planning to add the Australian and Canadian Dollar to the list of the reserve currencies within three months. What is your estimation of a time-frame for the renminbi becoming a reserve currency?

1 flexibility   

n.柔韧性，弹性，（光的）折射性，灵活性

参考例句：

• Her great strength lies in her flexibility.她的优势在于她灵活变通。
• The flexibility of a man's muscles will lessen as he becomes old.人老了肌肉的柔韧性将降低。

2 commentator   

n.注释者，解说者；实况广播评论员

参考例句：

• He is a good commentator because he can get across the game.他能简单地解说这场比赛，是个好的解说者。
• The commentator made a big mistake during the live broadcast.在直播节目中评论员犯了个大错误。

3 margins   

边( margin的名词复数 )； 利润； 页边空白； 差数

参考例句：

• They have always had to make do with relatively small profit margins. 他们不得不经常设法应付较少的利润额。
• To create more space between the navigation items, add left and right margins to the links. 在每个项目间留更多的空隙，加左或者右的margins来定义链接。