The issue of the currency value of the RMB is actually very complicated, but it is ultimately determined by the international competitiveness of my country's manufacturing industry.

In the international foreign exchange market, the value of RMB needs to reflect the relationship between supply and demand. Under normal circumstances, the fluctuations in the value of the RMB are reasonable. Therefore, China does not need to manipulate exchange rate fluctuations.

When international speculators maliciously short the RMB and sell RMB in large quantities, the RMB will inevitably depreciate.

Since my country has sufficient foreign exchange reserves and in order to maintain national economic security, it is unrealistic to expect the RMB to depreciate on a large scale and for a long time.