1, accelerate industrial upgrading.
The exchange rate change in the operation of contemporary market economy not only involves the balance of international payments, but also provides a very important price signal.
2. Promote technological innovation.
In real life, technological innovation in various countries mainly depends on the adjustment of market mechanism, and this mainly lies in the role of effective price leverage.
3. On the one hand, the appreciation of RMB will make the prices of imported goods relatively lower, and outbound tourism relatively cheaper, which will directly improve the national consumption level and welfare level.
4. The appreciation of RMB will obviously increase the relative market price of domestic financial assets, thus causing structural changes in the financial market. Other things being equal, these will make domestic residents gain greater wealth effect, thus stimulating domestic consumption demand.
Impact of RMB depreciation:
1. For ordinary people, the biggest impact of RMB depreciation is probably traveling abroad.
According to the data, in 20 14 years, the number of outbound tourists from Chinese mainland exceeded 1 100 million. For those who are keen on buying cosmetics, designer bags and watches, they may have to pay more.
2. The devaluation of RMB will have an impact on import and export enterprises objectively.
Wang Jun, Deputy Director of Consulting and Research Department of China International Economic Exchange Center, pointed out that the main purpose of adjustment is to promote the marketization of exchange rate formation mechanism. Devaluation of 2% or 3% is unlikely to stimulate exports too much, but it will help stabilize exports objectively.
Extended data:
Correctly understand and treat RMB depreciation;
For export enterprises, we should not only see the short-term benefits brought by RMB depreciation, but also see the risks of exchange rate fluctuations, and actively strengthen risk management.
To correctly understand the role of exchange rate hedging tools, exchange rate hedging should not be regarded as a tool to make money, but as a means to manage risks, appropriately hedge foreign exchange exposure and avoid excessive speculation.
The impact of RMB depreciation on individuals is more reflected in the management of financial assets. For people with a large number of financial assets, we should pay attention not to concentrate their assets on a single currency, and we can appropriately increase the assets in US dollars.
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