What does it mean for the RMB exchange rate to expand to 1%? It used to be five thousandths, but now it is changed to one hundredth, and the floating range has doubled.

What benefits does it bring to the people?

I haven’t seen it yet. It seems to have little to do with people’s daily lives.

It may have a lot to do with those who invest in foreign exchange. Short-term opportunities and risks have increased.