I think that the RMB internationalization is a more difficult task than RMB convertibility.
我认为人民币国际化，比人民币可兑换有更高要求。
RMB exchange rate mechanism is established in RMB convertibility used on the basis of the project.
人民币汇率形成机制是建立在人民币常用项目可兑换的基础上的。
RMB exchange rate formation mechanism is built on the common project of RMB convertibility on the basis of.
人民币汇率形成机制是建立在人民币常用项目可兑换的基础上的。
I believe that RMB convertibility is the basic condition of RMB internationalization, but it should have a higher standard.
我认为，人民币国际化，人民币可兑换是基本条件，但还应有更高标准。
Afterwards the wording in all the official documents is RMB convertibility, including RMB convertibility in current account and capital account.
在以后所有文件中的提法，都是人民币可兑换，包括人民币在经常项目、资本项目方面的可兑换。
RMB Internationalization is dependent on China's economic strength, the convertibility of RMB, and RMB exchange rate formation mechanism.
人民币国际化，取决于我国经济实力，取决于人民币可兑换，取决于人民币汇率形成机制。
It's inevitable to realize gradually convertibility of RMB capital items after entry into WTO, and currency substitution is likely to become increasingly worse.
我国加入WTO以后，逐步实现人民币资本项目的可自由兑换已成必然，货币替代现象可能会日益严重。
China has already archived the free convertibility of the RMB under the current account, and the average tariff rate for industrial products is expected to drop to 10 percent by the year 2005.
人民币己实现经常项目下的可自由兑换，中国工业品平均关税到2005年将进一步降至10%。
With the entry into WTO, the convertibility of the RMB in Capital Account is in trend.
入世后，人民币在资本项目下可兑换乃大势所趋。
With the entry into WTO, the convertibility of the RMB in Capital Account is in trend.
入世后，人民币在资本项目下可兑换乃大势所趋。
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