Generally speaking, it has a great influence on the transactions between countries.
Question 2: What are the benefits of RMB depreciation? On June 65438+February 2008 1, the RMB exchange rate closed at 6.8850 yuan, which was 0.8% lower than the closing price of 6.8306 yuan the previous day, the biggest one-day drop since the exchange rate reform. 65438+On February 2, the RMB fell to 6.8870 yuan against the US dollar, hitting the lower limit of the fluctuation range for two consecutive days.
On February 2nd, at 65438, the State Foreign Exchange Trading Center reported RMB 6.8870 USD at midday in the inquiry system, hitting the lower limit of the fluctuation range of 0.5% for the second consecutive day. According to the analysis of bank foreign exchange traders, the central parity of RMB against the US dollar yesterday can be interpreted as two. First, the central bank supports depreciation, and second, it does not want to depreciate too fast. The central bank can use the middle price to curb the decline of the RMB exchange rate.
Three factors lead to RMB depreciation. First of all, with the external economic recession, China's export leading indicators have deteriorated seriously recently, indicating that the export growth rate is facing a sharp downward pressure, and the RMB exchange rate is more flexible, which is in line with the goal of maintaining financial stability. Secondly, CPI and PP have fallen sharply in the last two months, and continued appreciation will aggravate deflationary pressure. Third, there will still be interest rate cuts, while there is little room for interest rate cuts in the United States, and the reversal of interest rates also makes the appreciation of the renminbi weak. However, if the RMB depreciates sharply, it will encourage the sentiment of trade protection and may cause a large outflow of funds.
The sharp depreciation of RMB is good for foreign trade and bad for aviation.
The sharp depreciation of RMB is due to the consideration of "maintaining growth" and will promote the recovery of export-oriented enterprises. Specifically, there are textiles and clothing, electronic appliances, toys, shoes and hats, furniture and building materials, and construction machinery. Due to the appreciation of RMB last year, foreign trade enterprises suffered a great impact, and foreign trade processing and export industries in coastal areas closed down one after another. The first foreign trade that benefits the most from RMB depreciation.
RMB depreciation or aviation industry collapse. Exchange gains are the main part of airlines' previous buffer losses. Take China Air China's semi-annual report as an example. In the first half of the year, the local currency appreciated by 6.5% against the US dollar, and the company realized a net exchange gain of about 65.438+98 billion yuan. If this part of earnings per share is excluded, the loss is about 0.05 yuan. So are other airlines. If the RMB continues to depreciate, the exchange loss caused by foreign currency liabilities will undoubtedly bring new losses to the performance.
In view of the rare daily limit of RMB against the US dollar, relevant persons of the People's Bank of China said that the central bank will continue to carry out exchange rate reform on the basis of keeping the RMB exchange rate basically stable. 65438+February 1, the RMB exchange rate fell within the range.
128 October, 165438+ Luo Rui, deputy director of the general office of the central bank, told Hong Kong media that the exchange rate of RMB against the US dollar has remained relatively stable recently. As for the future trend, it depends on the supply and demand of the foreign exchange market and the exchange rate trend of the US dollar and other currencies.
Earlier, the governor of the central bank revealed that the possibility of RMB depreciation could not be ruled out.
Impact of RMB depreciation:
Favorable:
(1) RMB depreciation has an impact on import and export income, which is conducive to the export of domestic goods and services, attracting foreign tourists and accelerating the development of tourism. At the same time, the depreciation of RMB also has an impact on international capital flows.
(2) China's foreign trade income tends to increase, and the proportion of foreign trade in the whole economic system will expand, thus improving the degree of China's opening to the outside world and allowing more domestic products to compete with foreign products.
Disadvantages:
(1) On the one hand, the expansion of exports leads to demand-driven price increases; On the other hand, by raising domestic production costs to push up prices, the impact of currency depreciation on prices will gradually expand to all commodities, which may lead to inflation.
(2) If the depreciation trend continues to develop, then people will transfer their funds to other countries, resulting in capital outflow. At the same time, external speculative funds may be withdrawn, even the savings funds and investment funds that came in in the early stage will be withdrawn, and even funds may flee the mainland.
Question 3: What are the advantages and disadvantages of RMB depreciation? There are three advantages of RMB depreciation.
1. Foreigners can buy more things with the same money, thus stimulating foreign trade and promoting exports.
2. The cost of foreigners coming to China has been reduced, which has promoted the development of foreign tourism.
3. Increase employment, * * * consumption and stimulate domestic demand.
There are three disadvantages to RMB depreciation.
1. Domestic prices rose, leading to inflation.
2. There will be a large outflow of funds and the financial market will be unstable.
The cost of studying abroad and traveling is rising.
There are advantages and disadvantages of RMB depreciation, which need our dialectical view and face.
Question 4: The RMB exchange rate continues to fall. What are the benefits of RMB depreciation for ordinary people? First, this wave of RMB depreciation, on the one hand, is caused by the strength of the US dollar, rather than changes in economic fundamentals. There is no basis for RMB depreciation. At present, the RMB is lower against the US dollar, but it is relatively stable against the euro, the Japanese yen and the British pound. Compared with Venezuela and Indian Rupee, the RMB is strong.
Second, the moderate depreciation of RMB will promote the export of enterprises, the development of service industry and the appreciation of product value. Through price transmission, dollar-denominated debt is more expensive, investors reduce their holdings of US debt, the dollar strengthens, the market sells US debt faster, and funds turn to the stock market or Asian bond market with high liquidity coefficient. Reducing the cost of the real economy through price transmission is helpful to improve or promote the development of the real economy.
Third, the RMB depreciates moderately, and the US dollar appreciates or follows the Asian emerging market stock markets. Dollar-denominated debt needs liquidity support more. Once the capital escapes from the Asian market, it will lose its continuous flow and the risk of default in the US debt market will rise. Moreover, under the background of negative interest rates in Japan and Europe and zero interest rates in the United States, domestic investment income is better than that of foreign countries in terms of wealth management, property market and stock market.
Fourth, if the RMB depreciates moderately, Haitao or overseas shopping may decrease, consumers will buy products or services produced by domestic local enterprises, and the profits of domestic enterprises will increase. As long as RMB circulates in China, the vast majority of consumers will benefit.
Fifth, the moderate depreciation of RMB will help the global real estate market. After the 11th of this year, the state has made a new round of property market regulation, restricted purchases or differentiated loans, further reducing investment in the property market and promoting the healthy and stable development of the property market. Funds gradually shift from the property market to the stock market or other markets, and the marginal effect of investment decreases, giving play to the role of the market in guiding funds to flow into entities.
Sixth, since the price of crude oil is denominated in US dollars, the oil price has dropped since last year, and the economic growth rate has slowed down, so the market in China does not need so much oil imports. The decline in international crude oil prices has also reduced the fuel costs of entities, and the prices will also be reduced accordingly, such as commodity prices, some textile chemical daily necessities, clothing, daily necessities and so on. For the real economy, the costs of raw materials, factories and labor will be reduced.
Seventh, the stocks of listed companies related to the Belt and Road Initiative may usher in opportunities. Corporate brands go global, leaving global consumers in the domestic market, passing good reputation to the whole world, leaving technology, technological innovation and quality service at home, and enterprises go global, attracting global capital inflows, and RMB assets are more attractive. China's economy is not only the driving force of economic growth in Asia and even the world.
To sum up, this round of moderate RMB depreciation may not have an impact on China's economy and market. Finally, in the words of economist Li Yining, it doesn't matter if the RMB depreciates a little, as long as it is within the range of the degree, it doesn't matter much.
Question 5: What are the advantages and disadvantages of RMB depreciation for ordinary people? Renminbi is not only a freely convertible currency, but its depreciation and appreciation are of little significance to ordinary people.
Question 6: What are the advantages and disadvantages of RMB depreciation? Is it good or bad? The disadvantage of 50 points is that you have to pay more for things. The only advantage is that it can promote tourism. Because our money has depreciated. Foreign money is more valuable and gives us more money. Will most foreign countries visit us?
Question 7: What are the benefits of RMB depreciation for China? The advantage of farting is that the price will go up again.
Question 8: Is RMB depreciation good or bad for ordinary people? The price of imported goods increases, and the competitiveness of export goods increases, so it costs more RMB to go abroad. The income of China people who earn dollars has increased because of the depreciation of RMB, so it depends on whether you spend dollars or earn dollars. The self-marketing of China native products has no influence on us ordinary people.
Question 9: What are the benefits of RMB depreciation for farmers? If you want the benefits of RMB depreciation to be mainly export, it is beneficial if the products produced by farmers are mainly used for export. If it is mainly sold domestically, there is not much benefit, and the depreciation of the RMB means a decline in purchasing power. If the price of what you sell has not changed, there are still many disadvantages.
Question 10: What do you mean by RMB depreciation? What is the impact on us personally? It's just that money is worthless. For example, you can buy seven popsicles for 1 cent an hour. What can 1 cent buy now?
Generally speaking, it has a great influence on the transactions between countries.