1, Japan (protecting the exchange rate and actively piercing the house price): In order to cope with the rapidly rising house price pressure, Japan chose to implement a tight monetary policy and actively pierce the house price;

2. Russia (abandoning the exchange rate to protect housing prices): In response to the pressure of capital outflow, the Russian central bank continued to raise the benchmark interest rate, and the tight monetary policy caused a serious blow to the real estate market;

3. China (exchange rate and house price can be realized at the same time): From the perspective of capital flow, exchange rate and house price will change to some extent in the short term, but after using various control means, the two goals can be realized at the same time;

4. South Korea (negatively related to the Korean won against the US dollar): The trend of the US dollar against the Korean won is the same, and they all tilt from left to right, indicating that the Korean won is depreciating, but the house price has been rising.

What will be the impact of the sharp depreciation of RMB?

1, the sharp depreciation of RMB will lead to domestic capital panic, and more and more people will run out of China to seek safe haven, which will lead to the rapid depletion of China's foreign exchange reserves.

2. If RMB depreciation violates the requirements of global economic conventions and a series of cooperation agreements, the pace of RMB internationalization will also stop directly.

3. After the devaluation of RMB, the cost of a large number of commodities we usually import, such as soybeans, oil, ores and precision instruments, will greatly increase, raising the domestic consumption level, increasing the burden on domestic people and causing inflation.

If RMB depreciates, fewer people will travel abroad and invest overseas, which will have a great impact on many enterprises.

5, RMB depreciation, the government will raise interest rates to hedge, and raising interest rates will aggravate the domestic economic crisis and increase the burden and debt of enterprises.

Bian Xiao concluded: The above information is about exchange rate or house price. I believe everyone understands! The situation in each country is different, so the policies chosen are different. Some choose to protect the exchange rate and some choose to protect the house price, while China strives to realize both the exchange rate and the house price at the same time.