Why does the renminbi continue to appreciate? Will the renminbi continue to appreciate?

The pressure of RMB appreciation mainly comes from the following three aspects: first, the market pressure from foreign exchange transactions between countries, and secondly, the game of countries in order to protect their 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, ** consider RMB appreciation.

The appreciation of the renminbi has both advantages and disadvantages for us, the appreciation of the renminbi, other conditions remain the same, we can spend less money to buy more things we like, but for the country this is not a good news, it can be said that the appreciation of the renminbi is behind the scenes** is the United States. Since China has bought a lot of US Treasury bonds, and the United States owes us more and more money, in order to reduce the foreign debt owed to China, he has put pressure on me in various aspects to increase the value of the renminbi, which has prompted the appreciation of the renminbi.

In fact, in addition to the United States, there are many Western countries that hope that the RMB will appreciate, so that they have more reasons to limit China's exports to other countries, because China's currency is worthless compared to their country's currency, so China's exports to their countries can be more comparatively, so that the sales of the same products in their own countries have declined, thus affecting their country's GDP, and the appreciation of the RMB is very beneficial to them. But it is also true that the biggest driving force behind it is the United States.

However, it is also somewhat one-sided to say that the appreciation of the renminbi is also a bit one-sided, and we must not only look at one side of the problem, but also consider it from multiple aspects. Some questions also need us to think seriously, for example: why has the RMB appreciated, and the ** of our rice and flour oil has not been lowered, but has become more expensive?

In fact, our renminbi is appreciating relative to the US dollar, but it is depreciating relative to the British pound, the euro and even the Hong Kong dollar. Therefore, when we buy things, there is a situation where the price is not reduced but the price is increased<>

Regarding the "benefits of RMB appreciation", the following nine aspects can be summarized.

1 The decline of foreign products** is conducive to increasing foreign imports of consumer goods and production equipment, and improving the living standards and industrial standards of Chinese.

2 Manufacturers with a higher proportion of imported raw materials will have lower production costs. In some open regions (such as Shanghai), where 50 percent of the cost of goods exported is imported raw materials, they don't like the depreciation of the renminbi.

3 The ability of enterprises to invest abroad will be enhanced. Chinese companies will expand their overseas investments in order to develop sales channels.

4 The appreciation of the renminbi will increase the profits of foreign-funded enterprises that have invested in China, which will encourage foreign investors to invest more or reinvest. With the gradual opening up, the appreciation of the renminbi will attract foreign capital to enter China's ** market, and the proportion of indirect investment is expected to rise.

5 In the non-manufacturing sector, such as science, education, culture, health, etc., will be of great significance. For example, the appreciation of the renminbi is conducive to the study and training of talents abroad, and more families will be able to send their children overseas to study at their own expense; It is conducive to the expansion of international tourism, and after the tourist visa reaches a certain standard, it is a business visa, which can promote China's foreign investment.

6 A corresponding reduction in the amount of local currency required for repayment of outstanding external debt could alleviate the debt burden to a certain extent.

7. Reasonable valuation of Chinese assets. The low cost of labor and assets in China was formed at a certain historical stage, and it will inevitably be adjusted at a certain historical stage. While adjusting the import and export policy, China must also adjust its monetary policy and assets.

8. It is conducive to the position of China's GDP in the international economy. China's share of GDP in the world economy (in dollar terms) fell from 2 5 in 1980 to l 8 in 1990 and 3 4 in 1998 – as a result of the depreciation of the renminbi against the dollar to 1 5 in 1980 and 1994. As long as the renminbi appreciates, China's GDP will surpass that of Germany and France and become the world's third largest economy.

9. Increase national tax revenues. The essence of the low exchange rate is that the whole people subsidize the interests of exporters through export tax rebates. This is not very logical for China, the world's second-largest foreign exchange reserve. <>

The renminbi did not appreciate, this round was the depreciation of the dollar. The Chinese yuan against the euro, the pound sterling, the yen is not affected.

It has depreciated and risen, because the United States farted and jumped up and down in fright.

To put it simply, it is appropriate to buy other people's things, and it is expensive to buy our things, which is conducive to imports and not conducive to exports.

Under pressure from the United States, if the RMB can be freely convertible and remitted freely, the RMB exchange rate may not be, and it is difficult to say.

United States