No, because the high prices in China are related to the low added value of China's export-oriented economy. In recent years, China's foreign trade has grown rapidly, and its foreign exchange reserves have soared, mainly because China has sacrificed its environment and resources and relied on its "cheap labor advantage" to become the world's largest foundry.

In this case, China, on the one hand, exports a large number of inexpensive goods, but in return for a large number of colorful dollar bills. So in a sense, the long-term stability of European and American prices contributed to the cheap goods in China, while China exported a lot of cheap goods, but failed to get the foreign goods we needed. Therefore, the goods corresponding to RMB 1 yuan in China will depreciate.

On the other hand, China earns hard-earned money, but the real money is earned by international brands like Apple. Foxconn has been OEM for Apple for more than ten years, but its operating profit rate is only 2.8%, which means that Apple has taken away almost all the surplus value by innovation and brand.

Therefore, processing enterprises like Foxconn, even if they work day and night and get a lot of foreign exchange, can't go abroad to exchange corresponding goods. Soon, I will go to the bank to convert foreign currency into RMB. The more foreign currency flows in, the more base currency the Bank of China passively puts in. If there is too much money in society, prices will go up.