When nations export more than import, they are said to have a favorable balance of trade.
当一国的出口量大于进口量时，就称之为贸易顺差；
The paper uses the method of econometrics to explain that the growth of export trade and the favorable trade balance are not caused by the underestimated value of RMB.
本文运用计量经济学的方法，通过对实际数据的检验分析来说明中国出口贸易的增长与长期以来贸易顺差的实现，并不是由人民币币值低估所致。
The paper uses the method of econometrics to explain that the growth of export trade and the favorable trade balance are not caused by the underestimated value of RMB.
本文运用计量经济学的方法，通过对实际数据的检验分析来说明中国出口贸易的增长与长期以来贸易顺差的实现，并不是由人民币币值低估所致。
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