Pork rose by 95 in a year, which value of the money rises, not forced by anything

The starting point of these two things is different, and the appreciation of the renminbi that has been said now refers to the appreciation of the US dollar. Because China's current exchange rate system is a managed floating exchange rate system pegged to a basket of currencies, although the currency basket has not been announced, we can know that the US dollar should account for a large part, because the US dollar has always been an internationally accepted currency. Therefore, when China announces the foreign exchange rate, the first thing to say is the US dollar.

What we call the appreciation of the RMB is mainly the appreciation of the US dollar, that is to say, between the two currencies, the RMB is more valuable, relative to the US dollar. When you talk about pork, you are mainly talking about domestic inflation, that is to say, the purchasing power of the renminbi is declining internally and in kind.

And it's right to say that we are forced to do something, because the United States has said that if the RMB does not appreciate, it will raise the tariffs on Chinese goods entering the United States.

The appreciation of the RMB is relative to foreign currencies, while the domestic appreciation is ostensibly but actually depreciating, which has a great impact on exporters...

This can only be said to be a rapid depreciation of foreign currencies relative to Chinese pork.

In addition, according to reliable sources, pork prices will fall sharply in two months due to China's imports of pork to Germany.

The appreciation of the RMB is just the exchange of foreign currency... Yikes

This value is not something that can be reflected in domestic consumption.

Domestically, the sustained price of goods can only lead to one result--- inflation (what is the macroeconomic control of the first to eat, and the leaders go to the vegetable market to buy back vegetables to know the lives of the people).

From abroad, the appreciation of the yuan:

The first is the market pressure from foreign exchange transactions between countries;

The second is the game of each country in order to protect its own interests, that is, political pressure;

Finally, there is policy pressure, such as China's recent CPI index remains high, especially mainly from agricultural products and raw materials, China's economy is facing short-term inflationary pressure, and it is possible to consider RMB appreciation.

For example, in 985, Japan was also forced to sign the so-called "Plaza Accord", and the yen was forced to appreciate, and the Japanese economy collapsed after that.

Since China is the locomotive of economic development in the Asia-Pacific region, changes in China's exchange rate system will affect most Asian countries, bringing uncertainty to the global economy.

This round of price increases is seen from three aspects:

1. Release liquidity and boost the market's expectation of rising in the future, pork **** is inevitable.

2. Cyclical factors, at this stage, the period of large-scale slaughter of non-pigs, pork ** cyclical decline.

3. Cost factors, on the one hand, the market expectation of pork in 2016 is the market's expectation of the future pork, which makes it possible to predict the active breeding market, therefore, the pig ******, which drives the cost of pig breeding in disguise.

However, there is still an estimated time of about half a year for the impact on pork, but the main role of slaughtered pigs during this time period is still liquidity and pork.