Positive Influence
First, promote the balance of international payments and optimize the current imbalance in my country’s current trade surplus. This is because with the rise of the RMB exchange rate, the prices of Chinese products in the global market have been increased, thereby promoting a more reasonable allocation of related resources in the world market, and also significantly reducing the frequency of trade frictions.
Second, it helps to further expand domestic market demand. As the renminbi continues to appreciate, the demand in the domestic consumer market will significantly expand. At the same time, the rise in the renminbi exchange rate will bring about a decline in the prices of imported goods and services, which will invisibly drive the price level of similar products and services in the country to fall, thereby causing consumption in my country. The actual consumption level and consumption ability of the consumers have been relatively improved.
Third, it will help ease the current inflation situation. As the RMB exchange rate rises, the overall price level of imported products will continue to decrease due to the decline in the exchange rate, which will eventually lead to a general reduction in the price level of the whole society, thereby achieving a certain degree of deflationary effect.
Fourth, to enhance the international purchasing power of the RMB in the world market. With the rise of the RMB exchange rate, the price level of imported products and services will be relatively lowered, and the consumption ability of Chinese consumers in imported goods and services will be relatively enhanced. This will help to improve the overall quality of life of Chinese residents, and it may be The relatively tight domestic demand will be eased to a certain extent.
Fifth, it will help promote the further optimization, adjustment and upgrading of my country's industrial structure. As the RMB exchange rate rises, it will promote export-oriented enterprises to continuously improve their technical level and capabilities, improve product levels, improve the efficiency of the use of relevant resources, and promote industrial upgrading, and enhance my country's international comprehensive competitiveness and the overall quality of the national economy.
