The depreciation of RMB is beneficial to China's export, attracting foreign investment, recovering foreign debts and expanding domestic demand. It is not conducive to China's import, foreign investment, repayment of foreign debts, and reduction of international purchasing power. These advantages and disadvantages are relative.
Extended data:
What is the positive impact of RMB depreciation on China's import and export trade?
1, RMB depreciation is conducive to alleviating China's economic pressure and stimulating the development of export economy?
China is an export-oriented economy, and its export plays an important role in China's economy. However, since the fourth quarter of last year, China's export growth has dropped sharply, even negatively, and China's foreign exchange loss last year was also very serious, losing more than 40 billion US dollars.
These phenomena have a great impact on China's economy. At the same time, the devaluation of the people can stimulate exports to earn foreign exchange and ease the downward pressure on China's economy. ?
2. Can RMB depreciation win opportunities for optimizing the export product structure?
The depreciation of RMB reduces the cost of export products and increases the export volume of products. In recent years, the continuous appreciation of RMB has brought great pressure to China's export enterprises, while the depreciation of RMB can give China enterprises a breathing space, so as to optimize the export product structure, develop new products with high efficiency, low pollution and high technology content, and improve their ability to cope with exchange rate risks.