术语“外汇储备”的详细信息

英译术语:

foreign exchange reserve

汉语语境:

出口导向机制、长期利益分享机制和短期套利机制是决定外汇储备规模的三大机制。在决定我国高额外汇储备持续性的因素中，出口是直接的、短期的因素，外商直接投资和人民币汇率是长期的决定因素，而人民币利率既是长期因素又是短期因素。外汇储备规模短期内仍将保持较高的水平，但从长期看，随着我国经济增长方式的转变和套利空间的缩小，经常项目和资本金融项目的双顺差会减少，相应的外汇储备也会下降。因此，在当前的外汇储备管理中，应稳定外汇储备的来源和质量，实现保值增值目标，并充分发挥其维护金融安全的作用。

英语语境:

Export-oriented mechanism, long-term benefit sharing mechanism and short-term arbitrage mechanism are three mechanisms determining the scale of foreign exchange reserve. In the sustainability determining factors of China's high foreign exchange reserve, export is a direct, short-term factor, while the foreign direct investment and the RMB exchange rate are the decisive factors in the long-term. In addition, the interest rate is both long and short term factors. Scale of foreign exchange reserve in the short term will remain high, but in the long term, along with transformation of economic growth mode and narrowing of arbitrage space, double surplus of current account and capital and financial account will reduce, and then foreign exchange reserve will also decline. Therefore, we should stabilize the source and quality of foreign exchange reserve to maintain the value and financial safety.