I'm afraid not, because the RMB has a fixed exchange rate, which means that even if there is large-scale inflation, the RMB will not depreciate. With over 2 trillion foreign exchange reserves, China can intervene in the foreign exchange market on a large scale to prevent the RMB from depreciating. In addition, despite inflation expectations, the renminbi is still under pressure to appreciate, and the government recently rejected western demands for renminbi appreciation. Therefore, it is a good thing to transfer foreign exchange without loss, and it is impossible to preserve value.

Before the Plaza Agreement was signed, the exchange rate between Japan and the United States was 245: 1, and then foreign capital poured into Japan for speculation. The bubble of 199 1 burst, and then foreign capital fled. But do you know what the exchange rate between Japan and the United States is 1995? 95: 1, and the current exchange rate between Japan and the United States is about 100: 1. Before the signing of the Plaza Agreement, there was still a big gap. The general trend of the yen is appreciation, but the magnitude is not small. There is no such thing as the landlord said.

China is now pegged to a basket of currencies, allowing a certain currency to fluctuate slightly. Moreover, governments all over the world are implementing loose monetary policies, which means that inflation is worldwide. To say the least, if any special events lead to the expected devaluation of the RMB, the China government will also intervene. Selling dollars to buy China's foreign exchange reserves of more than 2 trillion RMB is not a vegetarian. It is entirely possible to ensure that the RMB will not depreciate.