Lead:

Generally speaking, the appreciation of the renminbi is the general trend, and the key is how to rise. In fact, objectively speaking, the appreciation of the renminbi is a "double-edged sword". If it rises just right, it will be beneficial to our country; If it does not rise well, it will be harmful to our country.

Since 2010, there has been a lot of news between China and the United States, and trade frictions have gradually escalated. U.S. President Barack Obama, financial tycoon Soros, and Nobel laureate economist Paul Kerman have all made speeches accusing the RMB exchange rate of being too low. There are various indications that the process of RMB exchange rate reform, which has been interrupted since the international financial crisis, is about to continue a new chapter.

China's economy, which has just recovered, is suddenly facing the pressure of RMB appreciation, and domestic experts have different opinions on RMB appreciation. The Ministry of Commerce and the Ministry of Industry and Information Technology have also refuted the pressure of exchange rate appreciation in labor-intensive industries, and used public opinion to stabilize the RMB exchange rate. The United States has continued to exert pressure on the RMB exchange rate, which has once again stirred people's nerves, and China has come to the threshold of choice whether the RMB appreciates or not!

The renminbi exchange rate has become the focus of public opinion for a while, and even ordinary people will hotly discuss the issue of renminbi appreciation. Some people think that the appreciation of the renminbi is a good thing, while some people think that the appreciation of the renminbi is a bad thing, and different people have different opinions. So, is the appreciation of the renminbi good or bad? How much impact does it have on the people? How to deal with the appreciation of the renminbi?

The renminbi has appreciated, the money is worth a lot, and the people travel abroad; It is cheaper to buy imported cars and Swiss watches, and the cost of large enterprises to annex enterprises abroad has been reduced.

But why is the United States making great efforts to force the renminbi to appreciate? Are Americans stupid? Do you want to make your country's money worthless? In fact, we can see the reason for this in the appreciation of the yen against the dollar. In 1985, the United States, Britain, France, and the former Federal Republic of Germany held a meeting at the Plaza Hotel in New York, forcing Japan to sign the famous "Plaza Accord", before the signing of the US dollar against the yen fluctuated around 1 US dollar to 250 yen, and after the signing of the "Agreement", in less than three months, it fell rapidly to around 200 yen, a drop of 20%. By 1987, it had reached a minimum of 120 yen per dollar, and in less than three years, the dollar had depreciated by 50% against the yen, that is, the yen had doubled in value against the dollar. At the time, the Japanese thought that they had become rich overnight, but the fact is that it took 20 years for the Japanese economy to suffer!

The benefits of the appreciation of the renminbi to the rich are indeed obvious, for example, the renminbi against the US dollar used to be 8.5 yuan for one dollar, but now it can be exchanged for less than 7 yuan, and it is cheaper to go abroad to play and buy industries, and it is obvious that the money in the hands of the rich is more valuable. But for the common people who live on wages, there are not many benefits, and even disadvantages.

In the past, five cents for buying a baked cake would not become four cents because of the appreciation of the RMB, on the contrary, foreign funds flowed into China, and the inflow of a large amount of currency caused prices to rise, which can be seen by looking at the current housing prices. The most important thing is the issue of employment!

Once the appreciation of the renminbi threatens the interests of foreign enterprises, because personnel wages and other expenses are settled in renminbi, they will withdraw their capital to find a cheaper labor market.

There is also the fact that it is not conducive to the export of Chinese products. Because of the cost of exchange, your things are expensive in the international market, which will definitely affect the market share. For example, before the appreciation, 1 US dollar is equal to 8 yuan, after the appreciation, 1 US dollar is only equivalent to 7 yuan, assuming that 1 yuan of steamed buns 1 yuan, before the appreciation, foreigners could have bought 8 steamed buns with 1 US dollar, and after the appreciation, 1 US dollar can only buy 7 steamed buns, that is to say, Chinese things have become more expensive, then foreigners will not buy your things, but buy cheaper things, therefore, China's export volume will be reduced. As a result, it will be more difficult for domestic enterprises, especially export enterprises.

Generally speaking, the appreciation of the renminbi is the general trend, and the key is how to rise. In fact, objectively speaking, the appreciation of the renminbi is a "double-edged sword". If it rises just right, it will be beneficial to our country; If it does not rise well, it will be harmful to our country. Specifically, the favorable aspects are reflected in the following:

(1) The most obvious change brought by the appreciation of the renminbi to domestic consumers is that the renminbi is "more valuable". If you study or travel abroad, it will cost less money than before; In other words, for the same amount of money, you will be able to do more than before. If you buy imported cars or other imported products, you will find that their prices have become "cheaper", so that people can get more benefits.

(2) It is conducive to the development of the import industry. After the appreciation of the renminbi, its purchasing power will increase, and the cost of imports will be reduced.

(3) The appreciation of the renminbi means the improvement of the status of the renminbi and the improvement of the status of China's economy in the world economy. The appreciation and depreciation of a country's currency is a symbol of a country's national strength. The renminbi, which relies on its economic strength, will naturally gain a greater voice in international affairs.

The disadvantages of RMB appreciation are reflected in the following points:

(1) The appreciation of the renminbi will affect China's foreign trade and exports. The appreciation of the renminbi will raise the price of Chinese products, increase the cost of capital input, and bring about a decline in the competitiveness of China's export products, which will lead to a recession in the domestic economy.

(2) The appreciation of RMB is not conducive to China's introduction of foreign direct investment. China is the country that has introduced the largest amount of foreign direct investment in the world, and at present, foreign-funded enterprises are playing an increasingly obvious role in China's industry, agriculture, service industry, and other fields, and they have a non-negligible impact on promoting technological progress, increasing employment, expanding exports, and thus promoting the development of the entire national economy. After the appreciation of the renminbi, it will have a great impact on foreign investment.

(3) The appreciation of the renminbi will increase the pressure on domestic employment. The impact of the renminbi's appreciation on exporters and foreign direct investment will ultimately be reflected in employment. Because most of China's export products are labor-intensive, the obstruction of exports will inevitably increase the pressure on employment; Foreign-funded enterprises are one of the sectors that provide the most new jobs, and the slowdown in foreign investment growth will make the domestic employment situation more severe.

(4) The appreciation of the renminbi will affect the stability of the financial market. If the renminbi appreciates, a large amount of short-term speculative funds from abroad will take advantage of the situation and speculate on the renminbi exchange rate. When China's financial market is still very underdeveloped, this can easily lead to a financial and monetary crisis. This is like a very poor family, a very rich relative came to them, brought them a temporary "rich" life, so outsiders because of their generosity and lent the family a huge amount of money, but the family's rich relatives suddenly disappeared, leaving the family with only high debts, which eventually led to the collapse and bankruptcy of the family.

In short, there are pros and cons to the appreciation of the renminbi. So, for the general public, how to deal with the appreciation of the yuan? In the face of the appreciation of the renminbi, the general public should adjust the three major structures of savings, investment and consumption.

(1) Adjust the savings structure. Save more in RMB and less in USD. At present, there are four major currencies in circulation in Asia -- the renminbi, the Japanese yen, the South Korean won, and the Singapore dollar, and the renminbi is the main currency in circulation, accounting for more than 40 to 70 percent of the circulating currency, and there is very much room for appreciation in the future. In addition, you can try to carry out RMB savings business in foreign banks. After the liberalization of the exchange rate, foreign banks have entered China one after another, and the general public can take out a part of the RMB savings to foreign banks to diversify risks through diversified savings.

(2) Adjust the investment structure. Therefore, the general public cannot save all of them, and can also consider spending a part of the RMB to buy real estate, such as forests, land, real estate, etc., because physical value preservation is less risky than currency value preservation.

(3) Adjust the consumption structure. In the face of the continuous appreciation of the renminbi, people must adjust their consumption structure, consume more imported products, and spend more overseas shopping.

The appreciation of the renminbi is a "double-edged sword", and if used well, it can bring benefits to the people; And if it is not used well, it will cause great harm to the national wealth.