The recent trend of the RMB exchange rate has exceeded many people's expectations. There is a big discussion about the rapid depreciation of the RMB in May, and many industry experts' views: It is unlikely to predict that the 7 will break through this year. However, just four months have passed, the RMB has depreciated rapidly and significantly, and has gradually fallen below 100 points such as 7.00, 7.01, 7.02, etc. However, this is not over yet. Then there are sharp declines of hundreds or even more than 100 points. Some even shout that 7.2 may not be the end, which makes the foreign exchange management department unable to sit still.
The relevant national departments quickly launched the response mechanism and held meetings of relevant industry management departments. Even the State Council meeting also implied that the RMB exchange rate does not have the basis for continuous rapid depreciation, so do not bet on the unilateral depreciation of the RMB. This is a misjudgment caused by excessive interpretation of the international situation. Although China's economic situation has downside risks, from a global perspective, China's manufacturing advantages in the entire industrial chain have strong economic resilience, the normal fluctuations of the RMB are generally controllable, and it has strong rebound capabilities!
Friends who have read my articles agree with my previous views, and I am very grateful. I still think that the situation and policies of China's economy are very in line with reality. Extreme suppression by some hostile forces in the international world is that others lose 1,000, and they lose 800, which is not worth the loss. When the situation improves, my country's economy will have strong explosive power, and then it will be a beautiful sunny day!
