The successful re - introduction of flexibility in the exchange rate of the renminbi on 21 july 2005 is one of the rare examples of a smooth change 人民币汇率形成机制在2005年7月21日成功地再度引入较大的弹性，实在是罕见的顺利过渡的例子。
Furthermore , the developments of the chinese economy and trade were helped by these changes . then china was ranked as one of the great powers in the world 人民币汇率形成机制的核心是:以外汇市场供求为基础,允许市场汇率在一定范围内围绕基准汇率上下浮动。
Leaving aside the financial crisis of 1997 - 98 , the reform of the renminbi exchange rate regime is comfortably the monetary event of the decade in this region , if not the world 若撇开1997至98年的金融危机，完善人民币汇率形成机制改革应该是亚太区近十年来最重大的金融事项。
We ’ ll promote the reform further in the future , so as to form a more flexible rmb exchange rate formation mechanism , which is more responsive to the changes in market supply and demand 今后,我们将进一步推进改革,以形成更加适应市场供求变化、更为灵活的人民币汇率形成机制。
With the changes to the renminbi exchange rate regime introduced in july this year , we can expect to see the development of a renminbi forward market for risk management 随着今年7月内地推出人民币汇率形成机制的改革措施，预期人民币远期外汇市场将会逐渐发展起来，以便进行风险管理。
In order to dissect problem described above , we must begin with forming mechanism of the exchange rate and further investigate various influence factors causing the exchange rate of rmb to fluctuate 而要剖析上述问题,就必须从汇率形成机制入手,深入研究引起人民币汇率波动的各种影响因素。
