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What is the impact of a one-time appreciation and a slow appreciation of the renminbi?It depends on how much the renminbi appreciates, China is now a foreign trade-oriented economy, if it is a one-time appreciation, if the amplitude is too large, it may cause a large number of export-oriented small and medium-sized enterprises to go bankrupt, and in serious cases, China will become the second Japan. Because China's current economic development rate is the first in the world, the international gambling on the appreciation of the renminbi hot money has entered China through different channels, such as a one-time large appreciation of the renminbi, these hot money will flee with profits, resulting in a large outflow of funds in the short term, will cause a chain reaction, at least the real estate industry will encounter a harsh winter.
If the amplitude is too small, if it does not meet the expectations of speculating on the hot money of the renminbi, the hot money will continue to flow in, forcing the renminbi to continue to appreciate. Causing domestic inflation to worsen. If the renminbi appreciates slowly, it will give export-oriented middle and lower enterprises a buffer period, and enterprises can adopt innovative and upgraded products, strengthen management, control costs and other methods to digest the unfavorable factors of renminbi appreciation.
In addition, China can also adopt the method of macroeconomic regulation and control to eliminate backward energy-consuming enterprises and cultivate scientific and technological innovation enterprises to complete the transformation of the domestic economy from an export-oriented economy to a domestic demand-oriented economy. However, the slow appreciation of the renminbi will attract more hot money to enter China through legal or illegal channels, exacerbating domestic inflation. In fact, the most important thing is that the renminbi is not an international currency, and the solution to the problem of renminbi appreciation depends on when the renminbi can become a universal currency.
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1. The United States withered the chain and the country did not do the appreciation of the Sun system.
2. The economy has been improving for a long time, and the products are more popular in the international market.
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If the RMB exchange rate rises and falls, the first thing is to overcome inflation and improve the purchasing power of the local currency.
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There are pros and cons to the appreciation of the renminbi, which mainly affects foreign exports and will reduce exports, but at the same time, foreign investment and foreign tourism consumption are convenient.
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It will greatly enhance the influence of the RMB, expand the scope of use of the RMB, enhance the status of the RMB, contribute to international exchanges, make people trust the RMB more, and also let the RMB dominate the transaction.
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It will increase everyone's desire to buy, and it can also reduce the cost of some imported products, and it will also be beneficial to China's structural industry, which can help alleviate the relationship between the first and the best, and can also reduce the pressure on foreign exchange, which is positive, of course, there is also a negative side, and it will also affect some labor changes in China, and the employment pressure will increase, which is not conducive to attracting foreign investment, nor is it conducive to the stability of the market, and will also cause the situation of foreign exchange shrinkage, in short, it is also two-sided.
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Enhancing China's purchasing power can also lay the foundation for the renminbi to go global, directly improve social welfare, promote the country's industry, and reflect the country's advanced and so on.
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As China's economy continues to grow, the renminbi continues to upgrade. So, what impact will the upgrading of the RMB have on the RMB itself and even China's economy?
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