Talk about the impact of the recent RMB appreciation on China's national conditions

The trend of price drop

As the RMB appreciation this time is only 2%, the influence of RMB appreciation on people's daily life may not have obvious performance in the near future, but it can be predicted that first, prices tend to drop. A small rise in RMB will stabilize domestic prices and facilitate people's lives, and purchasing imported goods may also become cheaper.

The most obvious change that RMB appreciation brings to domestic consumers is that the RMB in their hands becomes "more valuable". The decline in the prices of various imported goods will be prominently reflected in cars and various electronic products, especially those wholly imported cars and various electronic products. Some consumers who were originally planned to buy domestic products may turn to those imported products whose prices are reduced.

With the decline in the prices of various imported goods such as cars and electronic products, domestically produced goods can only follow suit and drop prices, otherwise they will lose the market. Prices of other consumer goods will also fall accordingly.