The renminbi, which does not appreciate, has a favorable effect on the US economy??????? Who knows,

The fact that the renminbi is not appreciating means that Americans can continue to enjoy our goods cheaply. But the problem is, we want commodities it is not **, you can go to the world to buy resources, buy minerals, buy company shares, our purchasing power is too big and too eye-catching, what you buy is expensive, you can't participate in various market rules specified. We can't use the dollars we receive from exports, so we can only stay in the United States, and we can only buy American bonds.

You work hard and sweat, and the Americans take it"The green IOU "goes to you, earns you two sums, and the benefits to the Americans are more."

It can fool us, while the US congressman demands that China be recognized as a currency manipulator, and on the other hand, *** refuses to recognize. It's a messy strategy.

The United States is an important exporter to China. If the renminbi does not appreciate, Americans will be more willing to buy cheap Chinese goods than products produced in the United States. As a result, what the United States produces is unsalable, and American factories can only reduce their own production output, which creates a surplus of labor.

So Americans have a headache, and the result is that the unemployment rate has remained high for a long time! Therefore, he forced the renminbi to appreciate and make his goods more competitive than Chinese goods, so that factories could resume production and unemployment could be brought down. Then Obama will have a better time.

If they do not support them, they will have no money to repay when the economy retreats, and only by continuing to invest can they return the profits, until the cost of foreign-funded factories and enterprises is so high that they are almost gone. What can the current dragon migrant workers do, what is the realm of the Chinese people before the appreciation of the renminbi, and the old foreigners in the past are that Chinese labor is cheap, so the original plan to go to the industrial country can be realized, which is good for the people's livelihood and economy of the whole country.

This is not something that can be explained in one or two sentences.

There are several aspects:

1) The RMB appreciates too fast, and the life of low-value-added, labor-intensive export enterprises is even more difficult.

2) The rapid appreciation of the renminbi may directly lead to a sharp decrease in China's foreign surplus.

3) If the renminbi appreciates too quickly, China's huge foreign exchange reserves will inevitably bear a greater risk of depreciation.

4) The rapid appreciation of the renminbi may directly affect the high growth of China's economy.

5) If the RMB appreciates too fast, international travel capital may impact China's financial market, and the difficulty of supervision will also increase.

The positive impact of RMB appreciation.

1. It is conducive to China's imports.

2. The cost of raw material import-dependent manufacturers has decreased.

3. The ability of domestic enterprises to invest abroad has been enhanced.

4. The profits of foreign-invested enterprises in China have increased.

5. It is conducive to the study and training of talents abroad.

6. The pressure on repaying principal and interest on foreign debts has been reduced.

7. It is more cost-effective to sell Chinese assets.

8. The international status of China's GDP has improved.

9. Increase state tax revenue.

10. The international purchasing power of the Chinese people has increased.

What will be the impact of the depreciation of the US dollar and the appreciation of the RMB?

Overall.

On the positive side: 1. The central bank may cut the reserve requirement ratio across the board. Wang Yang, a foreign exchange researcher at Guotai Junan** Company, expressed his views on the depreciation of the RMB today, with the outflow of funds and the depreciation of the RMB, the hematopoietic mechanism of the domestic base currency failed, and the central bank was ready to cut the RRR in an all-round way.

2. The risk of domestic deflation may be alleviated. The depreciation of the renminbi reduces the import of bulk commodities, which is generally negative for bulk commodities, but if there is a trend of increasing international inflation in the second half of the year, then the risk of domestic deflation may also be alleviated through the channel of imported inflation.

3. It is conducive to economic recovery. The depreciation of the renminbi to alleviate the pressure on exports is the least costly way to stabilize growth. From January to July, exports were year-on-year, although the global volume shrank, but it did not lead to such a large contraction in China's exports.

The depreciation of the RMB exchange rate will help reduce the pressure on exports, conducive to the recovery of the economy, and the real economy will gradually improve in the third quarter, which will support the first generation.

4. Promote the flow of residents' assets. In the case of moderate depreciation of the renminbi and the decline of domestic interest rates, the attractiveness of bank savings and real estate investment has declined, and the "revival of A-shares" will attract funds from banks and the property market to **.

On the negative side. 1. Domestic interest rates are facing a passive rise. In the case of rising interest rates in the United States and Europe, China's domestic interest rates are also facing the risk of passive rise, and assets such as domestic and bonds are facing revaluation.

2. Liquidity contraction. In the context of the Fed's interest rate hike, once the RMB depreciation expectation is formed, it will lead to the outflow of hot money, and domestic liquidity will face contraction, which is not conducive to the strength of A-shares.

3. Impact on domestic assets**. The depreciation of the renminbi will impact domestic assets**, which will lead to the weakening of financial, real estate and other related weighted sectors, dragging down the overall **.

Plate**. Positive sector +**.

Textiles, toys: the depreciation of the RMB is conducive to foreign trade exports, textiles and garments, toys, shoes and hats are the biggest beneficiaries, some estimates show that every 1% depreciation of the RMB, the sales profit margin of the textile and garment industry increased by 2% to 6%.

**Stocks: The depreciation of the RMB has led to the appreciation of the US dollar and the ******, which is good for ** enterprises.

Household appliance enterprises: Most of the foreign exchange settlements in US dollars are used for product sales, and the depreciation of RMB has also increased the exchange income.

Other export-oriented listed companies: The depreciation of RMB will enhance the international competitiveness of products and increase gross profit margin.

Bearish Sector +**.

Finance and real estate: The depreciation of the RMB will lead to the shrinkage of RMB assets (finance and real estate account for the main part); At the same time, capital outflow will lead to capital outflow from the property market, and some real estate enterprises have a heavy overseas financing burden.

Aviation and papermaking: Aviation, paper and other industries have a relatively large proportion of US dollar debt, and the depreciation of RMB will inevitably cause exchange losses.

Commodities are denominated in US dollars, and generally more than happy depreciation, commodities ** rise. On the contrary, ** declines. Affect China's main commodities, etc.

The US dollar raises interest rates, the attractiveness of the currency increases, and the international liquidity tends to be profitable, which may flow back to the United States, resulting in the withdrawal of some of the US dollar capital originally invested in China.

The appreciation of the renminbi against the US dollar is both beneficial and hidden

It is conducive to the import of American products, and is conducive to the consumption of traveling to the United States and studying abroad.

It is not conducive to the export of China's products.

Reasons for appreciation:

Economically, there may be several main evidences:

First, the renminbi exchange rate has not been adjusted for nearly 10 years since 1994, and China's economy and national strength have undergone profound changes in the past 10 years.

Second, since the 90s, some authoritative international institutions and partners have been believing that the renminbi is undervalued to varying degrees.

Third, according to the theory of international economics, excessive foreign exchange surpluses itself indicate that the foreign currency is overpriced, and the local currency is too low, and the local currency is under upward pressure.

Fourth, since 2001, all major currencies in the world, including those of Southeast Asian countries, have appreciated sharply against the US dollar, and only the exchange rate of the renminbi against the US dollar has not been adjusted, that is, the renminbi has actually depreciated sharply against other currencies along with the US dollar. Not to mention whether the RMB was excessively depreciated or overpriced in the 90s, the currencies of other countries have appreciated sharply against the US dollar in recent years, and only the exchange rate of the RMB against the US dollar has not moved, this alone can judge that the value of the RMB against the US dollar may be undervalued.

Analysis of international politics.

The issue of the renminbi exchange rate is not only an economic issue, but also an international political issue. Some scholars have pointed out that there are other reasons behind the frequent calls for the appreciation of the renminbi by some Western countries. Some are motivated by jealousy, some by deflecting domestic blame against the authorities, and some by winning votes from domestic manufacturing.

For example, Western countries simply link the level of the renminbi to the decline of their own manufacturing industry, and try to force the renminbi to appreciate. The cause of the loss of jobs in the United States is not China, but the invisible hand of global competition. The reasons for the uproar of foreign countries for the appreciation of the renminbi are none other than the following:

First, the RMB exchange rate is too low. It has been suggested that the renminbi exchange rate should be set at a level of around 1 US dollar to the yuan. Second, China's foreign exchange reserves are too high, and since China's accession to the WTO, there has been no surge in imports, on the contrary, the surplus has increased significantly.

Third, China's massive export of cheap commodities has caused deflation in the world. Some people believe that in recent years, China's massive export of cheap products has led to deflation in Japan, Europe and the United States, and that China should make the renminbi appreciate and assume corresponding responsibilities in the world economy.