the devaluation of RMB will lead to price increase. Especially for those who have deposits, the 1 yuan saved could have bought one yuan a catty of late rice for 1 kilograms, but only one kilogram after 5% depreciation. 5 yuan/kg is about 7 kg.

the depreciation of RMB will affect people's living standards and relate to the development of local economy. The most exaggerated price increase is real estate. For example, in the past, buying a house or land was not very expensive, but now buying land and buying a house is close to 1, square meters.

RMB depreciation is a measure for the stable development of domestic economy under the influence of the international financial crisis, because RMB is not a freely convertible currency, and the exchange rate level of RMB is an external value. The main purpose of RMB depreciation is to promote domestic exports (the export income of export enterprises denominated in foreign currency can be exchanged for more searched RMB) and increase the competitiveness of export enterprises (the international financial crisis has a great impact on domestic export enterprises, especially on labor-intensive enterprises); The second is to increase the cost of capital flight of foreign investment in China (China is the country with the largest foreign direct investment) and stabilize the domestic economy.