Font size: Large Medium Small Benefits and Drawbacks of RMB Appreciation
Four Benefits
First,
increasing the demand of domestic consumers for imported products, giving them more benefits. The most obvious change that RMB appreciation brings to domestic consumers is that the RMB in their hands has become "more valuable". If you study abroad or travel, you will spend less money than before; or to put it another way, spending the same amount of money will allow you to accomplish more than before. If you buy an imported car or other imported products, you will find that their prices have become "cheaper", thus giving the common people more benefits.
Second, reducing the cost burden of importing energy and raw materials. China is a resource-scarce country. In the face of continuously rising international energy and raw material prices, domestic enterprises will inevitably bear increasingly heavier costs...