If the renminbi does not appreciate, what does it matter to other countries to depreciate itself, an

The appreciation of the renminbi can reverse China's current surplus with other countries (i.e., China's exports are greater than its imports, and other countries' imports are greater than its exports).

The appreciation of the renminbi represents the same dollar, and only a small amount of renminbi can be bought, which means that Chinese products have become more expensive, and in this case, it is better to make them yourself than to buy such expensive imported things, so as to bring more manufacturing and employment opportunities to the local United States.

Similarly, the appreciation of the renminbi means that Chinese products have lost their greatest attraction in the world, so how to solve the employment problem of China's billions of people? This is a big reason why the state is unwilling to allow the renminbi to appreciate.

I'm speaking in the vernacular, and I hope you understand

Because of the integration of global economists, China's products need to be exported to earn foreign exchange, and the products of other countries also need to be exported to earn foreign exchange, and the exchange rate is needed for import and export, so the appreciation and depreciation of the renminbi is related to the interests of other countries (of course, if the two countries do not get along with each other, it is another matter).

The appreciation of the renminbi affects China's economic development, and China is still a developing country, and developed countries will be fine.

The U.S. dollar is the international currency, and the exchange rate of the renminbi is of course directly related to the economies of other countries.

Because it will have an impact on the foreign affairs of China and other countries, it is not conducive to the development of other countries.

Benefits of RMB appreciation:

First, China's imported goods are relatively cheaper.

The second is that the national trousers, which can be RMB, have been improved.

The disadvantage is that the goods exported by China have become relatively expensive, which will make the export industry suffer a big blow. China's foreign trade dependence is more than 40%, exports are an important carriage of economic growth, and China's export commodities are mainly labor-intensive commodities, the advantage is to win cheaply, more vulnerable to the appreciation of the renminbi hit.

Isn't it forced by the countries of the world led by the Yankees to appreciate its value abroad, and if the United States wants to increase exports and reduce unemployment, it will depreciate the dollar and appreciate the renminbi. Our country couldn't stand it, so it began to appreciate. Of course, our country also wants to take this opportunity to force foreign trade processing enterprises to transform.

Reduce the waste of resources, pollute the environment of simple processing and foreign trade manufacturing, the development of "high-tech, high-profit, innovative" industries (in fact, many enterprises are not able to change).

A large number of over-issued currencies, of course, there are also the so-called "imported inflationary pressures" brought about by the rise in prices of oil and other commodities and raw materials caused by the depreciation of the US dollar. However, it is said here that external appreciation can offset some of the factors of rising prices of imported energy and raw materials, so the main factor of personal task and internal depreciation is our own over-issuance of currency.

Internal depreciation means that the issuance of renminbi exceeds the need for commodity trading. The frequent issuance of renminbi is mainly through two aspects: the purchase of foreign exchange issuance by the Bank of China to maintain the renminbi exchange rate, and the loans issued by commercial banks in 2008 and 2009 for supporting 40,000 trillion yuan investment plans.

China has a surplus with Europe and the United States, and the other side believes that China has undervalued the RMB exchange rate, and the monetary authorities (referring to the People's Bank of China) are suspected of manipulating the RMB exchange rate.

Since the renminbi is not freely convertible, a situation of external appreciation and internal depreciation has been formed.

Externally, we have to admit that due to external influences, but relative to China's economic strength, the value of the renminbi is much greater than the current renminbi, and in the country due to inflation!

In this way, it is beneficial for some people to accumulate wealth.

The appreciation of the renminbi will lead to a decrease in exports, so appreciation is not good for export-oriented industries, but it is beneficial for an import-oriented industry.

Taking the US dollar as an example, the appreciation of the RMB also corresponds to the depreciation of the US dollar, that is, the same US dollar is exchanged for less RMB, and what they end up paying to the exporter is RMB, that is, they need to pay more US dollars to exchange for as much RMB as before and buy as many goods as before. This means that China's exports have become more expensive. According to the theory of supply and demand, if it becomes more expensive, the purchase volume will naturally decrease.

In particular, domestically produced toys, although cheap, but not the necessities of life, can also find substitutes in the market, so the elasticity of demand is larger, and the impact of exchange rates is greater.

A more straightforward example: a piece of clothing costs 10 yuan, which could have been sold for 1 dollar (let's say 1:10), and then the yuan appreciates, and it is still 10 yuan for a dress, which needs 2 dollars to exchange (assuming it rises to 2:

10), for Americans, it's getting more expensive. If the payment is in US dollars, then for domestic producers, the same amount of US dollars can be exchanged for less yuan, that is, the goods sold become cheaper, and they have to increase the price or stop production.

So if the country exports more than it imports, depreciation is more beneficial, because you export more exports, and if you import more than export, appreciation is more beneficial, because the cost will be lower, because the same money can buy more of my things.

Therefore, whether it appreciates or depreciates, it will be beneficial to some industries and unfavorable to others.

China has maintained an international surplus for many years, that is, it exports more than it imports.

Overall, depreciation is more beneficial to China in the short and medium term, but in the long term, it is difficult to determine and depends on the shape of China's economic development.

It doesn't make much difference, it depends on the actual situation.