Disadvantages:

1. The export competitiveness is declining, the export industry is shrinking, and the foundry industry is facing layoffs and bankruptcy.

Second, foreign exchange reserves have shrunk.

Third, attracting hot money into China has led to soaring domestic prices.

Fourth, it is not conducive to attracting foreign investment.

5. China's overseas investment profits declined.

Benefits:

First, the cost of overseas investment has declined.

Second, the prices of imported raw materials and products have fallen.

Three, study abroad, overseas tourism business flourished.

Fourth, it is conducive to the internationalization of RMB and makes it possible for RMB to become an international settlement currency.

Fifth, ease trade disputes.

6. The profits of foreign-funded enterprises investing in China increased.