急急急，请各位英文高手大侠，帮帮忙翻译啊

Since the end of 2000, the U.S. dollar against the euro depreciated by about 40%, against the Japanese yen also depreciated by nearly 16 percent, making the yuan pegged to the dollar and the world's major currency devaluation in fact, also indirectly, although such an increase of Chinese goods in the international market price advantages, but also exacerbated the country and the world's major trade friction, sparked controversy over the appreciation of the renminbi. July 21, 2005 People's Bank of China announced approval of the State Council, since July 21, 2005 onwards, China began to implement the basis of market supply and demand with reference to a basket of currencies, a managed floating exchange rate system, the yuan against the U.S. dollar appreciation of the exchange rate has been nearly three years in a row 20%. On the current situation, the United States, the European Union and other major countries in the world financial system instability, increased risk of economic recession. Accounted for 42 percent of China's total exports of the United States, the European Union and other countries have been plunged into recession brought about by China's exports to the tremendous pressure.
China's export of textile items, textile production and sales volume and export volume ranks the various import and export products of China's top three, China has become the world's major textile export processing areas, and the textile and garment export rate of 50% ~ 60% . Appreciation of the renminbi, in a sense, means that export prices of Chinese products and declining competitiveness, the study shows that one percent appreciation of yuan each, the textile industry sales will decline 2% -6%. If 5% appreciation of the renminbi -10%, industry 10% decline in profit margins -60%. Among them, cotton, wool textiles and apparel industry fell 3.19 percent profit margin, 2.27%, 6.18%, the apparel industry due to the highest degree of dependence on exports, the greatest damage. Therefore, the appreciation of the renminbi is bound to rely heavily on exports to international markets have a major impact on China's textile industry. Textiles and garments as a trading power, how to deal with the appreciation of the renminbi, has become the focus we have to think about. I think we can consider the following strategy: First, to speed up industrial restructuring, and optimize the structure of export products. Second, the implementation of "going out" strategy, and actively explore diversified market. Third, actively carry out technical R & D and innovation, cultivating its own brand of textile exports. Fourth, the active use of financial derivatives to avoid appreciation of the RMB exchange rate risks.

Since 2000 year's end, US dollar has depreciated about 40% to the euro, has also depreciated to the Japanese Yen nearly 16%, this causes with US dollar suspension hook Renminbi and the world main currency in fact also indirectly depreciates, although increased the Chinese commodity like this in the international market price superiority, but also intensified with the world main country trade friction, has initiated the Renminbi revaluation argument. On July 21, 2005 People's Bank of China announced that, authorizes by the State Council, gets up from July 21, 2005, our country starts to implement take the market supply and demand as the foundation, refers to a basket currency to carry on the adjustment, to have the management floating exchange rate system, the Renminbi to the US dollar exchange rate already continual three year revaluation nearly 20%.Looked on the present situation that, American, European Union and the world other main country finance system turbulence, causes the economic recession risk enlarge.Occupies our country countries and so on total export 42% US, European Union falls into the decline to export one after another to our country brings the huge pressure.
The textile was our country exportation major term, the textile industry production and marketing total quantity and the total export is situated in front of our country each kind of import and export product the sanchia, our country has become the global main textile exportation to process one of local, but the textile clothing export rate was 50%~60%.The Renminbi revaluation, in a sense, meant the Chinese product the exportation price competitive power drops, the related research indicated, the Renminbi will revalue every time 1%, the textile profession sale profit margin drops 2%-6%.If the Renminbi revalues 5%-10%, the profession profit margin drops 10%-60%.Among them, the cotton and kapok spinning and weaving, the wool spinning and weaving, the clothing profession profit margin drops 3.19% separately, 2.27%, 6.18%, because the clothing profession the exportation degree of dependency is highest, therefore the damage degree is biggest.Therefore, the Renminbi revaluation will certainly to have the significant influence to the serious dependent international market exportation our country textile industry.As the textile clothing trade great nation, how faces the Renminbi revaluation, oneself becomes the question which we can not but ponder emphatically.Myself thought may consider the following strategy: First, speeds up the industrial structure adjustment, the optimized textile exportation product mix. Second, the implementation “walks” the strategy, develops the diversified market positively.Third, carries on the technical research and development and the innovation positively, the cultivation textile exportation innate brand.Fourth, positively utilizes the risk which the financial derivation tool circumvention Renminbi exchange rate revaluation brings.

since at the end of 2000, US dollar has depreciated about 40% to the euro, has also depreciated to the Japanese Yen nearly 16%, this causes with US dollar suspension hook's Renminbi and the world principal currency in fact also indirectly depreciates, although increased the Chinese commodity like this in the international market price superiority, but also intensified with the world major country trade friction, has initiated the Renminbi revaluation argument. on July 21, 2005 the People's Bank of China announced that authorizes by the State Council, from July 21, 2005, our country starts to implement take the market supply and demand as the foundation, refers to a basket currency to carry on the adjustment, to have the management floating exchange rate system, Renminbi to a US dollar exchange rate already continuously three year revaluation nearly 20%. Looked on the present situation that American, European Union and the world other major country financial system's turbulence, causes the economic recession risk to enlarge. Occupies our country countries and so on total export 42% US, European Union to fall into the decline to export one after another to our country brings the huge pressure. the textile was our country export major term, before the textile industry production and marketing total quantity and the total export is situated our country each kind of import and export product the sanchia, our country has become the global main textile export to process one of local, but the textile clothing's export rate was 50%~60%. The Renminbi revaluation, in a sense, means the Chinese product the export value competitive power drops, the related research indicated that the Renminbi will revalue every time 1%, the textile profession sale profit margin will drop 2%-6%. If the Renminbi revalues 5%-10%, the profession profit margin drops 10%-60%. And, the cotton manufacturing, the wool spinning and weaving, clothing's profession profit margin drops 3.19% separately, 2.27%, 6.18%, because the clothing profession the export degree of dependency is highest, therefore the damage degree is biggest. Therefore, the Renminbi revaluation will certainly to have the major impact on the serious dependent international market export our country textile industry. As the textile clothing trading country, how to face the Renminbi revaluation, oneself becomes the question which we can not but ponder emphatically. Myself thought that may consider the following strategy: First, speeds up the industry restructure, the optimized textile export product mix. Second, the implementation “walks” the strategy, develops the diversified market positively. Third, carries on the technical research and development and the innovation positively, the cultivation textile export innate brand. Fourth, utilizes the risk which positively the financial derivation tool circumvention RMB rate revaluation brings.