Weekly Topic 27: RMB rises (8.29~9.4)
Thread Content
This post was last edited by kaixuanzz on 2011-9-10 15:52. Topic: RMB rises. The RMB has been continuing to appreciate in value over the past few years, and it is likely to gain even more value in the future. 1. Reasons for the RMB’s appreciation. 2. For Chinese people, is this good news or bad news? And why? 3. What are your thoughts on the impact of the RMB’s appreciation on you? 4. If there are any negative effects, how can they be avoided? Please share your opinions. Thank you to moderator kaixuanzz for suggesting topics for this discussion. ) i7 I f j, M% {. ?3 c Weekly topics: Note that 1. There is no need to hide replies (hidden replies do not earn points). 2. Please do not post spam or meaningless posts. 3. Maximum score: 10 Wealth ； Appropriate extra points may be given to those who conduct good or in-depth discussions. 4. We welcome all sailors to submit valuable suggestions; you can send direct messages to the moderators or post comments under this thread. Wish everyone a pleasant work week ahead!
Reply 1# uyuwj: 1. The reason behind the rise in the RMB value. This is a very complex topic; to be honest, I don’t know the reason. 2. For Chinese people, is this good news or bad news? And why? If you go abroad, you can buy more things than before. For those who stay in China, like me, maybe there’s no difference. 3. What do you think are the effects of an increasing RMB value on you? Hmm... right now, I’m more concerned about housing prices. I don’t think that as the RMB rises, housing prices will fall. Of course, if that were to happen, then that would be great! 4. If there are any negative effects, how can they be avoided? Please share some opinions. God, we’re just ordinary people; we can’t control the RMB value. Can we avoid those negative effects? Maybe not.
1. The reason for the RMB rising. It is said that the RMB has been kept unreasonably low for a long time to benefit international trade; therefore, it should rise. 2. For the Chinese people, is this good news or bad news? And why? China has purchased a large amount of U.S. government bonds, and an increase in the value of the RMB results in significant losses for China. 3. What do you think are the effects of an increasing RMB value on you? Nothing perhaps; maybe there are some effects but I don’t understand them... 4. If there are any negative effects, how can they be avoided? Please share some opinions. I don’t know; my knowledge of economics is limited...
1. As for the reason behind the rise in the value of the RMB, in my opinion there are two reasons: one is the progress of our economy, and the other is international pressure, especially from the United States. 2. Is this good news or bad news for the Chinese people? And why? What constitutes good or bad news varies from person to person; it’s good news for import-oriented companies and those who travel abroad. It’s bad news, as we can easily imagine. 3. What do you think are the effects of a rising RMB value on you? I don’t see any particular effects, as I’m just an ordinary person. 4. If there are any negative effects, how can they be avoided? Please share some opinions; I’d also appreciate some advice. Thank you.
1. The reason for the RMB’s appreciation: The global economy is in a downturn and recession, with many Western countries facing severe deflationary pressures. In contrast, China’s economy is growing at a fast pace. The country’s surplus in the international balance of payments and its large foreign exchange reserves are the main factors that drive up the value of the yuan. 2. Is this good news or bad news for China? And why? It’s hard to say, as there are both positive and negative aspects. The good news is that rising domestic consumer demand for imports makes them more affordable, thereby reducing our costs for imported energy and raw materials. The bad news is that this affects Chinese export enterprises, especially those that are labor-intensive, and it impacts the stability of financial markets. 3. What do you think is the impact of the RMB rising on you? I’ve just bought a two-bedroom, two-living-room house, but I can’t afford to buy a car – everything is too expensive. 4. If there are any negative effects, how can they be avoided? Please share some suggestions. This is really a difficult question to answer