Is there any benefit to the appreciation of the RMB?

Updated on Financial 2024-05-27
3 answers
  1. Anonymous users2024-02-11

    There are benefits 1Imbalances between industries can be adjusted, increasing earnings and reducing costs for industries far from exports, which is more conducive to supporting sustained export growth in the long run. In particular, it will increase agricultural income, narrow the gap between the rich and the poor, and enhance social stability and sustainable development.

    2.Increase the total amount of state-owned assets and reduce the loss of cheap state-owned assets and the control of foreign capital. 3.

    Enhance the purchasing power of the country and the people. The cost of cars, home appliances, housing, medical care, travel, food, energy, and so on will all fall. 4.

    Curb overheated investment in fixed assets and reduce the growth rate of real estate and other industries. 5.Increase the supply of the renminbi, activate the market economy, activate financial transactions, and increase GDP.

    Increase labor costs and increase the benefits of workers. It is conducive to improving the quality of national education, curbing the excessively rapid growth of cheap primary products, increasing the export of high-tech products, and raising the level of science and technology and the ability to develop high-tech products. 8.

    Curb the excessive impact of foreign foreign capital on the country's finance, and strengthen the state's control over the capital market. 9.Strengthen the country's international influence and enhance its comprehensive national strength.

    10.We should speed up the improvement of the market economy, speed up the free exchange of currency, and further improve the investment environment and credit system. If it does not appreciate, China's cheap assets will be shorted by foreign countries, and there will be no capital, resources and motivation for sustained economic growth, and the state's control over the economy, politics, domination and political power will be weakened.

  2. Anonymous users2024-02-10

    It is conducive to continuing to promote the reform of the exchange rate system and even the financial system. It is conducive to solving the problem of imbalance with the outside world. Due to the implementation of a single exchange rate system pegged to the US dollar, Chinese products have always maintained the advantage of "low price."

    A moderate and slight appreciation of the renminbi can, to a certain extent, alleviate the contradiction of imbalance in the balance of payments. It is conducive to reducing the production costs of imported commodities and export enterprises based on imported raw materials. It is conducive to reducing the cost of outbound travel for Chinese citizens.

    It is conducive to prompting domestic enterprises to strive to improve the competitiveness of their products. Our company has long occupied the international market with low **, so that foreign importers can benefit. If the price is raised after appreciation, it may lose the market; If you don't raise the price, you may increase your losses.

    Therefore, we can only improve productivity and scientific and technological content, reduce costs, improve quality, and enhance competitiveness. It is conducive to reducing the demand for domestic housing from foreign funds and reducing the real estate bubble. The adverse effects of the renminbi's excessively rapid appreciation are:

    It will reduce the profitability of enterprises for a certain period of time, reduce competitiveness and share of the international market, and lead to a decrease in exports. Competition in certain domestic areas will be intensified. Some manufacturers of export products will join the ranks of competition in the domestic market, making the already fierce competition in the domestic market even more fierce.

    This will result in relative overproduction in certain areas. For example, 40 60 of the export commodities such as food, clothing, and stationery have been transferred to the domestic market, which will inevitably lead to an oversupply of products for a certain period of time. It will exacerbate employment pressures, especially many migrant workers who will lose their jobs.

    It will increase the cost of foreign investment in China, and the use of foreign capital may show a gradual decline. This will lead to an increase in the cost of overseas tourists to travel on the mainland, which may lead them to travel to other countries or regions.

  3. Anonymous users2024-02-09

    Brother Song 1, measure the value of envy Zheng, usually people say that good goods are not cheap is this truth, we use the RMB to measure a lot of life in the west, we can more easily judge whether there is a need to buy or store.

    2. Circulation, the more people who spend money, the more money they have, and the more they save, the more money they have, the more money they have to spend.

    3. Collection, the older the coin, the rarer, or with special significance, the more valuable it is, and there are many players who collect serial RMB in real life.

    4. Payment, but in the current situation where online payment is so hot, the transaction volume of RMB banknotes will inevitably decrease.

    5. Maintaining stability, for individuals, is the concept of savings, and a part of the money can be used at any time, which is an important factor to ensure a person's happiness in life.

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