Why insist on the appreciation of the renminbi now?

Appreciation is equivalent to giving up part of the debt!

The reason why China has always insisted on pegging to the US dollar is to maintain the stability of the exchange rate, and now the liberalization is mainly due to the pressure of the international community! Because if the RMB continues to have a low exchange rate, it will put particularly pressure on other countries, because the existence of purchasing power and exchange rate differences will cause China's labor costs to be not as high as abroad (the purchasing power of RMB against the US dollar is generally 2:1, while the exchange rate is about:

1), based on this, a large amount of foreign investment hot money will pour in, which will bring about China's rapid economic development, and more importantly, the reduction of production costs will strengthen the competitiveness of goods in the international market (which is also one of the reasons why some foreign countries often have so-called anti-dumping on China), which has promoted the influx of investment capital and brought about a virtuous circle, which has a good role in promoting the development of the country, but based on a certain person does not enjoy obvious benefits, It's just that there are some benefits or benefits at the macro level of the country.

What will be the impact of an appreciation of the renminbi? As far as my personal understanding is concerned:

1. Benefits: The improvement of the status of the renminbi, the improvement of the status of China's economy in the world economy: in this way, China's GDP has advanced a little more, and the Chinese are richer than the international community (note that relative to the international community, if you count domestic inflation, it is different:

The renminbi is now facing such a dilemma and embarrassment: external appreciation, internal depreciation, and prices are too fast); Reduction of foreign debt pressure and increase of purchasing power: Needless to say, we borrowed money from others for 10 yuan for 1 yuan and now only need 5 yuan for one piece, and we used to borrow 10 yuan and now we only need to repay 5 yuan, is it earned?

The increase in purchasing power relative to the international does not need to be explained, money is worth it; Conducive to the development of imports: this is also a reaction to the rise in purchasing power, buying oil with RMB for US dollars more and more, of course, the same amount of money spent less money, on the contrary, the same amount of money can be spent to buy more oil!

2. Unfavorable aspects: China's economic growth will slow down due to the appreciation of the RMB. I've already said the reason for this at the beginning:

First: affect exports: that is, China's so-called ** surplus will be smaller and smaller, and the money from other countries will be less and less, after all, the banknotes in circulation are called money, the money in the left pocket and the right pocket is still their own money, and the money in other people's pockets is called making money when they come to themselves; Affecting the competitiveness of Chinese enterprises, production costs have increased, and the rise of the first will bring a lot of disadvantages; May induce an economic crisis:

Japan and Russia are good examples! This is more likely to lead to domestic inflation and form a vicious circle!

Now the happiest person who asks for the appreciation of the renminbi is Little Japan!

The reason why the RMB will appreciate is that the price of goods has risen, and all the houses and the like are relatively high, so naturally the RMB will appreciate, and there is no way.

Because China has done a relatively good job in epidemic prevention and control, effectively preventing the spread of the epidemic, so that economic development is not greatly affected by the epidemic, the value of the renminbi will naturally increase.

Because the appreciation of the renminbi is because the renminbi is strong, the improvement of China's material base economic situation has caused the appreciation of the renminbi

Because China's economy is developing at a high speed, and now that the country is rich and the people are strong, and it is in a leading position in the world, the renminbi will appreciate.

For example, maybe it's not appropriate, but it's a fool's errand. Now there are ten more steamed buns, one yuan each, after a period of time, the steamed buns are still ten, the money has become twenty yuan, and now it costs two yuan to buy one steamed bun. In a word, there are fewer things and more money, so the value appreciates.

Why is the renminbi appreciating? Since the U.S. dollar is the world's currency, in the case of the epidemic, the United States has unlimited watermarks to make U.S. dollars, resulting in the depreciation of the U.S. dollar, so the renminbi has naturally appreciated.

This is based on the yuan, the economic situation of the country.

and is compared to the world's major currencies.

The better your country's economic situation, of course.

The currency used will appreciate, and conversely, the worse the economic situation will be.

Then, the currency will depreciate.

The dollar is so strong, because it is American-style, the economy is relatively large, and it is maintained by the US military, and the hegemony of the dollar.

There are gangs, right?

The appreciation of the renmin currency is relative, and the world's currency exchange is generally dominated by the US dollar. To put it simply, the U.S. dollar has been depreciating lately, so the renminbi is appreciating relatively.

From the perspective of economic development, saving money instead of spending it will reduce the efficiency of economic and social operation and is not conducive to economic development. In a micro-inflationary environment, saving money means suffering the loss of currency depreciation, and everyone's willingness to spend is higher. Enterprises expect that the product will be more frequent, and investment and production activities will be more frequent, so that the economy will have.

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