Will personal savings depreciate as the renminbi appreciates?

That's because:1The appreciation of the renminbi is for foreign exchange, if you go abroad to spend, then you will feel that there are more things to buy, and if you spend at home, you basically can't feel it.

2.Your money is getting less and less because of domestic inflation, the CPI is as high as about 8% and the annual interest rate on your savings is only about 7%, and the wealth of natural savings is shrinking.

3.There is no necessary link between the appreciation of the renminbi and domestic inflation (which is what you call the situation).

In fact, this has nothing to do with the appreciation of the RMB, at most it is only an indirect relationship, which means that the appreciation of the RMB leads to a large amount of hot money flowing into China, resulting in inflation and the depreciation of the RMB internally! So it's an indirect relationship! And what do you think, "The less money I have?"

The immediate cause is inflation. The reason for inflation in China is that the amount of money in circulation increases, resulting in a decrease in purchasing power, for example, the amount of money in circulation in the market is 1,000 yuan, and there are 100 eggs, so each egg is 10 yuan. Now due to the increase in the currency in circulation, it has increased to 1,500 yuan, so each egg is 15 yuan, that is to say, you have to pay 5 yuan more, but the personal income has not increased or increased very little, you will feel that the money is becoming more and more insufficient!

The impact of RMB appreciation:

1. The appreciation of the renminbi will directly affect China's exports. A direct consequence of the renminbi's appreciation is to raise the cost of China's exports and weaken the competitiveness of China's exports.

2. Another consequence of the renminbi's appreciation is to weaken foreign investment in China. This is directly related to the first impact. The reason why a large number of foreign investors have invested in China is that the current fixed exchange rate between the renminbi and the US dollar is considered, and if the value of the renminbi is increased, many foreign investors will change their plans to invest in China.

3. The appreciation of the renminbi is not conducive to China's political and economic stability, and the appreciation of the renminbi has increased the purchasing power of the renminbi on the surface and is also conducive to improving China's international image, but in fact, it is easier to fall into the illusory trap of detaching the economic prosperity brought about by the appreciation of the renminbi from reality.

Effect of devaluation:

1. Imports will decrease, and the profits of import-based enterprises will decline: because when importing goods, they must first use RMB to exchange them for foreign currencies such as US dollars at the bank, and then purchase goods from abroad. After the depreciation of the renminbi, the same renminbi is exchanged for fewer dollars, and the amount of goods purchased is smaller, resulting in an increase in import costs and a decrease in the competitiveness of imported goods.

2. Exports will increase, and export-oriented enterprises will increase their profits: after the depreciation of RMB, the US dollars received from export goods can be exchanged for more RMB from the bank, and the profits will increase.

It is expected to be as of January 2020The renminbi exchange rate is likely to appreciate in January, reaching around the limit. In the past 15 years, the average annual depreciation rate has been . Last year 2019 was about

At the end of January, Chinese exporters and other companies will sell off their foreign exchange hoards, and the renminbi exchange rate may appreciate in January, driven by the formation of foreign exchange rates. In the first quarter of 2020, the first phase of the China-US agreement is expected to be officially signed, and the atmosphere will be relatively relaxed. For the whole of 2020, the RMB** range against the US dollar was.

It is expected that by the end of 2020, the RMB exchange rate may rise slightly to between.