The influence of domestic currency appreciation on people's labor and leisure. The exchange condition of currency appreciation means that people's labor products and labor force must be sold at lower prices. When the currency appreciates, people's labor and labor products will depreciate accordingly, which is thankless. People can only get a little money, which will make many people choose leisure and give up labor. The further impact of giving up the labor force is: economic decline, income reduction, and then consumption reduction, and foreign imports will also shrink-the appreciation of the domestic currency directly drags down the world economy.

In the international export sector, the domestic economic depression caused by currency appreciation directly weakens a country's export competitiveness, which in turn affects the optimization of resource allocation on a global scale and drags down the world economy.

In the process of international currency input, although currency appreciation will attract some hot money, the main purpose of hot money is to earn the difference and eventually flow out of the country, which will drive more money out of the country, thus making a country's currency more scarce; Looking at the reaction of foreign long-term funds to currency appreciation, currency appreciation forces most products to be sold cheaply, which directly leads to bankruptcy, suspension of production, shutdown of workers and lower consumption index. The deterioration of the investment environment will eventually force long-term investment to shift its position.

In the international import of goods, currency appreciation will reduce the amount of currency obtained by the counterparty, which will make the counterparty choose to reduce the transaction volume or cancel the transaction and find another buyer, thus reducing social employment opportunities, national wealth and total foreign trade, causing economic recession and damaging the development of individuals, countries and the world.

For industries that mainly rely on foreign procurement of raw materials or equipment or have highly liquid RMB assets, RMB appreciation will be a long-term positive; It will generate a one-time exchange gain for industries with a large amount of foreign debts in US dollars; However, it has a great impact on export-oriented industries and industries with international pricing.