20110518 Follow Me 8

2,2
This essay is easy to understand!

8,8
The days when US dollar holds the only dominant position will be gone soon. The status of renminbi will rise definitely. But China has to solve its present problems first to keep sustainable growth.

5.1
这几天忙别的事了，楼主终于肯用短文章了啊
I don't know whether the current predominance of the US dollar will soon fanish, but there are several facts we must  take into account. First the academies and medias had concluded similar  forcast in 1980s when Japan growing as the second biggest economy, yet it did not happen and the US went into a gold age in 1990s. Second the emerging countries each has its problems. At least in China there are signs for economic slow down.

4,4

Well, this is an inspiring article, however, I don't think that the balance of global growth could be the key factor for determining the new “multi-currency” monetary system. For one thing, the high rates of growth depend on two key factors, fixed investment and export expansion, and both of them are unsustainable and unreliable in the long run. It is the economic strength which determines the global economic status, which is not just a simple rank of GDP or economic growth.For another, with no liberalization of exchange rate nor free capital flow, the internationalization of RMB would be all in vain after all.

Well, as the development of the offshore RMB market, there will be many more persuasive reasons by 2025.

8,8
一直到100000,100000

8,8  thanks to LZ，I‘ll follow you forever!

5,3  哎，感觉好像是点点进步哦、、、但是整体看懂还是在需要锻炼、、、嘿

7  3

With the increasing liquidity and market acceptance of renminbi, the emergence of the new multi-currency monetary system is inevitable now.
But a successful money internationalization should have a powerful backup: a sustainable development of the economy and a sound market economy system. What we should take care about after the internationalization of renminbi is the possible debt pressure the US is facing now and the difficulty for the enforcement of monetary policy.

7，6
每天跟一篇这文章对提高英语能力真的有些效果～时间长了效果会更明显吧～
多谢分享，今天这个就不评论了、、、

2,2
In this article, world bank forecasts that the dollar will be replaced by a monetary system in which the dollar, the euro and the RMB would serve as main currencies before 2025. Nowadays, the RMB is playing an more and more important role in international monetary system.  I think if Chinese authority can take more effective measures to better local economy, foreign trades and make this continue, world bank's forecast can be achieved before 2020.