双语阅读文章：人民币上涨的利与弊

中文原文：

近年来，人民币汇率的波动成为了人们关注的焦点。当人民币升值时，似乎一切都在向好的方向发展，但实际上，这其中也隐藏着一些不利的影响。

首先，人民币升值会导致出口商品价格上涨，从而使得中国产品在国际市场上的竞争力下降。这对于依赖低成本优势的中国制造业来说无疑是一个打击。随着价格的上升，部分海外买家可能会转向其他更便宜的市场，导致出口量的减少。

然而，另一方面，人民币升值也有利于进口业的发展。因为进口商品的价格相对降低，国内消费者可以以更低的价格购买到国外的优质产品和服务。这有助于满足人民日益增长的美好生活需要，促进消费升级。

但值得注意的是，升值过快的货币可能会导致资产泡沫的产生。大量的资金流入房地产市场和股市，推高了这些市场的价格，一旦泡沫破裂，将会给经济带来严重的冲击。

此外，人民币升值也会增加偿还外债的成本。对于那些持有大量外币债务的企业来说，他们需要支付更多的人民币来偿还同样的债务金额，这无疑增加了他们的财务压力。

英文翻译：

In recent years, the fluctuation of RMB exchange rate has become the focus of attention. When the RMB appreciates, it seems that everything is developing in a positive direction, but in fact, there are also some hidden disadvantages.

Firstly, RMB appreciation will lead to an increase in the price of export goods, making Chinese products less competitive in the international market. This is undoubtedly a blow to China's manufacturing industry, which relies on low-cost advantages. With rising prices, some overseas buyers may turn to other cheaper markets, leading to a reduction in exports.

However, on the other hand, RMB appreciation is also beneficial to the development of import industry. Because the prices of imported goods are relatively reduced, domestic consumers can purchase foreign high-quality products and services at lower prices. This helps to meet the growing needs of a better life for the people and promote consumption upgrading.

But it is worth noting that an over-appreciation of the currency can lead to asset bubbles. A large amount of capital flows into the real estate market and stock market, pushing up prices in these markets. Once the bubble bursts, it will bring serious impacts to the economy.

Moreover, RMB appreciation will also increase the cost of repaying foreign debt. For those enterprises holding a large number of foreign currency debts, they need to pay more RMB to repay the same amount of debt, which undoubtedly increases their financial pressure.