This paper selects the daily data of the exchange rates of Chinese Yuan (CNY) over the currencies of 14 countries along the Belt and Road, Shanghai composite index and Shenzhen composite index to study the influence of the Belt and Road Initiative on the linkages between exchange rates and Chinese stock index based on the flow-oriented model and the stock-oriented model. To reflect the fluctuations in daily data and reduce the central bank's interference with the exchange rate, two fuzzy techniques are used to process data, that is, the centroid based measure and the integral based measure. Then we judge the relationship between exchange rate and stock index through the Pearson correlation coefficient and the Granger causality test. Besides, we further compare the results and their differences by the classic crisp method and our two fuzzy techniques, which enable us to judge their correlation more accurately, and provide a reference for a wider application of the proposed fuzzy methods. We find that there is a correlation between exchange rate and stock index under certain conditions, and the Belt and Road initiative strengthens the relationship between the Chinese foreign exchange market and the stock market, more importantly, the fuzzy techniques are effective to judge this relation.
INDEX TERMSStock price index, exchange rate, fuzzy techniques, the Belt and Road initiative.
With the increase of China’s international status and influence, the subjects in international exchanges no longer remain at macro level, while shifting towards a more professional and concrete dimension. This paper takes the Spanish-Chinese simultaneous interpretation in political/diplomatic activities as an example, departing from the perspective of Schema Theory and incorporated with the author’s own interpreting training, teaching and practical experience. It aims atputting forward certain translating concepts and coping tactics, highlighting the virtue of knowledge orcontent schema in interpreting, especially in the practice and training of simultaneous interpretation,hoping to provide some reference to instructors and practitioners in translation education and forcareer development.
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