积家 劳力士:请高手来帮忙翻译一下这段!(2)

China is effectively managing a hard currency," says Michael Kurtz, chief analyst for Bear Stearns in Hong Kong. "The move is almost effortless, backed by solid reserves and wise economic policies." What's more, adds Steve Xu, a Chinese economist in Hong Kong, "this is all driven by market forces, not a deliberate policy."
The rise of the renminbi is a quiet result of the rapid growth of China's economy, and a conscious effort by the government in the pastfew years to deepen trade ties with the rest of Asia. The International Monetary Fund estimates that 40% of total trade within non-Japan Asia is intra-regional, and trade with China accounted for
40% of the increase in 2002. As well as reflecting China's growing economic influence in the region, experts say that Beijing is counting on the currency acting as a strategic tool to consolidate China's power and influence in Asia, possibly paving the way for the renminbi's debut as a regional reserve currency. Chinese Prime Minister Wen Jiabao said recently that a strong and stable renminbi is good for Asia.
Annual growth rates in China of about 8%, boosting regional trade and tourist flows, seem to be achieving such an aim. Some experienced financiers worry that sceptics may be ignoring a dawning reality. A particularly strong advocate of the currency is John Wadsworth, an advisory director of Morgan Stanley based in San Francisco. "The renminbi will be free to trade, it will be a strong currency, Chinese banks will be dominant, and it is highly likely that there will be four major currencies in the world within 10-15 years," he says. Adds Edward Zeng, CEO of Sparkice, a leading Beijing-based electronic-commerce company: "It amounts to a gradual move toward convertibility."
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