They will have to run a much larger trade surplus in the future to maintain a current account surplus. 将来,为了保持经常账户盈余,他们将不得不要求更大的贸易顺差。
Excess of ( actual) income over obligations incurred, carried to surplus account (实际)收入超过承付款项的溢额,转入盈余帐
Old Europe and old Asia have more savings to absorb than the Anglosphere ( except Canada). These are savings surplus regions, with low returns on capital and structural current account surpluses. 相比盎格鲁经济圈(加拿大除外),老欧洲和老亚洲有更多的储蓄可吸收,它们都是储蓄盈余地区,资本回报率低,且有结构性经常账户盈余。
If there are some surplus securities after the close of the trading for financed funds and securities, the investors shall transfer the surplus securities to its common securities account from the guaranteed securities account for credit trading of clients in the securities company. 了结融资融券交易后有剩余证券的,在信用证券账户注销前,投资者应当申请将剩余证券从证券公司的客户信用交易担保证券账户划转到该投资者的普通证券账户。
Indeed, this spending has been the single most important counterpart of the persistent US surplus on the capital account ( or deficit on the current account). 事实上,这种支出一直是美国资本账户持续盈余(或经常账户赤字)最为重要的一个对应因素。
If a country runs a surplus on its current account for some period ( more than a year) and is simultaneously intervening to purchase foreign exchange at a particular percentage of gross national product, then that country should come up for automatic consideration at the IMF. 如果一个国家的经常账户在一段时间(一年以上)内保持盈余,同时以国内生产总值(GDP)的特定比例买入外汇进行干预,那么这个国家就应该自动纳入IMF的考虑范围。
The surplus item is identified by a plus in the balance-of-payment account when actual numbers, are considered. 在国际收支平衡表中,顺差项目如果用具体数字来表示,就用“+”号。
China has run a current account surplus and a capital account surplus almost uninterruptedly for more than two decades. 20多年来,中国几乎没有间断地保持着经常账户盈余和资本账户盈余。
In fact the emerging markets as a group are in surplus overall on the current account, which means they are a drag on global growth rather than a spur. 实际上,作为一个整体,新兴市场的经常账户总体处于盈余状况,这意味着,它们在拖累而非促进全球增长。
Chinese officials point to a 7 per cent decline in the dollar value of the trade surplus last year and the steep drop in the current account surplus from 11 per cent of GDP in 2007 to just short of 6 per cent last year. 中国官员提到,去年,以美元计算的贸易顺差减少了7%,经常账户盈余占GDP的比例,从2007年的11%大幅降至略低于6%。
The Chinese current account surplus is far from the only explanation for the US current account deficit. 中国的经常账户盈余决非造成美国经常账户赤字的唯一原因。
No adjustments shall be made for a surplus appearing in a foreign currency account as the result of a recorded fluctuation in the exchange rate for such a currency. 记帐汇率变动,有关外币各帐户的帐面余额,均不作调整。
The bigger the private surplus, the bigger the fiscal deficit or current account surplus must be. 私人部门盈余越多,财政赤字或经常账户盈余也肯定越多。
Surplus of fixed assets should enter into account as the replacement value. 盘盈的固定资产按重置价值入帐;
At that point China was adding about$ 10 billion a month to its reserves, and in2003 it ran an overall surplus on its current account a broad measure of the trade balance of$ 46 billion. 当时,中国每月增加约100亿美元的外汇储备,2003年其经常账户总盈余(广义的贸易平衡计算法)达到460亿美元。
Financed in part by transfer from surplus account 部分经费由盈余帐转调
It could be explained by the surplus in capital account. 这是因为汇率的升值压力主要源于资本项目下的顺差。
On the other hand, it can decrease management behavior of the surplus through delay-payment bonus account. 另一方面,通过EVA的递延奖金账户,又可以减缓管理层的盈余管理行为。
According to the traditional finance theory, continuous surplus of current account and sustained increase of foreign exchange reserves will result in the appreciation of Chinese RMB Yuan. 根据传统的金融理论,经常项目持续顺差与外汇储备的持续增长应该使人民币升值。
After the Second World War, Japanese economy made great development. On the basis of the surplus in trade account and current account, Japan became the biggest Capital outflow country and abroad mortgage country, also the second economic country lagging behind America. 二战后,日本经济取得了突飞猛进的发展,以巨额的贸易收支、经常收支黑字为后盾,日本先后成为世界上最大的资本输出国和海外债权大国,并成为仅次于美国的第二经济大国。
Since China is having high savings ratio and the domestic deposit is far larger than domestic absorption capacity, there exists large sum of savings surplus and continuous gigantic favorable balance of current account. 由于中国是一个有着高储蓄率优势的国家,国内储蓄远远大于国内吸收,因而存在巨额储蓄盈余并表现为持续且庞大的经常项目顺差。
Especially after we entered into WTO in 2001, China keep enjoying surplus balance of both current account and capital account, which led to a 40% annual growth rate of foreign exchange reserves. 尤其是2001年我国加入WTO之后,我国连续维持着高额的经常项目和资本项目双顺差,使我国的外汇储备以每年40%左右的速度大幅增长。
As the degree of RMB internationalization is very high, a sustainable structure of balance of payments is as follows: combining deficits in the trade account and surplus in the current account with deficits in the capital and financial account. 当人民币国际化发展到一定程度,需要大力推进人民币国际化时,一个可维持的国际收支结构应该是:贸易账户赤字、经常账户赢余和资本金融账户赤字相结合。
Except for a few years, our country has maintained the double surplus of the current account, capital and financial account. 除个别年份外,我国一直保持着经常项目和资本和金融项目的双顺差。
Keeping huge surplus in current account has been the main characteristic of balance of payment in China currently. 经常项目持续大额顺差是当前中国国际收支失衡的主要体现。
Global imbalances mainly refer to some countries with characteristics of current account surplus and other countries of current account deficits simultaneously. 全球失衡主要指一些主要国家的经常账户盈余与另外一些主要国家的经常账户赤字的同时出现。
Therefore, to prevent the surplus of current account further expanded, our country has adopted financial policy adjustment, foreign exchange system reform, trade policy adjustment and so on, such has obtained certain effect. 为此,国家从金融政策调整、外汇制度改革、贸易政策调整等方面采取了防止经常项目顺差进一步扩大的措施,取得了一定的效果。
On the other hand, law is the independent element affecting capital flows. If one country has good legal protection of investors, large capital inflows inducing the surplus of capital account. 另外更重要的是,法律制度本身也是一个影响资本流动的独立的影响因素,如果一国有较好的法律,将吸引国外资金大量流入,引起资本账户顺差。
High foreign exchange reserves and the double surplus of current account and capital account have given severe pressure to the central bank to maintain the RMB exchange rate stability. 高额外汇储备和经常项目与资本项目的双顺差给央行的汇率政策以及维持人民币汇率稳定带来了巨大压力。