第五，中国的汇率制度会受到挑战。
汇率目标区是一种中间汇率制度。
世界又恢复到浮动汇率制度。
人们对联系汇率制度有着强烈的好感。
新的汇率制度的产生，有着深刻的历史背景。
The new exchange rate system was started with a profound historical background.
结售汇制的选择是一国汇率制度的重要内容。
The choice of buying-selling exchange mechanism is important to the exchange rate.
在这种情况下，汇率制度今后还会发生调整。
In this situation, exchange rate regime will adjust someday.
最后分析人民币汇率制度目前存在的问题和走向。
Finally analysis of the current RMB exchange rate system and to question the existence.
第二，中国的固定汇率制度使得很难控制信贷增长。
Second, China's fixed exchange rate makes it hard to keep credit growth under control.
汇率制度的选择直接影响一国宏观经济政策的效力。
The choice of exchange rate system directly influences the effect of macro economic policies.
在这种情况下，汇率制度的何去何从成为讨论的焦点。
In this case, the direction where RMB should take is becoming one focus of discussion.
自从中国实行新的汇率制度，人民币对美元不断的升值。
Put new exchange rate into practice since China system, RMB appreciates ceaselessly to U. S. dollar.
保持本港经济稳定的另一项重要因素，是我们的联系汇率制度。
Another element fundamental to our continued economic stability is the linked exchange rate.
保持本港经济稳定的另一项重要因素，是我们的联系汇率制度。
Another element fundamental to our continued economic stability is the linked exchange rate.
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