In the foreign exchange market, the appreciation of RMB against the US dollar means that one yuan can be exchanged for more US dollars. If we only consider the exchange rate, it will have little impact on the domestic economy. Because China uses RMB. It is definitely harder to export than before, because China is still dominated by labor-intensive industries, with low prices of labor and raw materials and price advantages. The appreciation of RMB means that our products are more expensive and need to spend more money to buy. This is not good for exports.