经济学（Economics）.docVIP

经济学（Economics） Exchange rate is the most important adjustment lever in international trade. Because a country produces goods that are calculated in the cost of the countrys currency, the cost of goods must be related to the exchange rate in order to compete in the international market. The exchange rate will directly affect the cost and price of the commodity in the international market, and directly affect the international competitiveness of the goods. For example, a value of 100 yuan of commodities, if the U.S. dollar exchange rate for the RMB 8.25, then the price of this commodity in the international market is 12.12 U. S. dollars. If the dollar exchange rate rises to 8.50, that is to say, the US dollar appreciates and the RMB depreciates, then the price of this commodity in the international market is 11.76 dollars. Lower commodity prices, increased competitiveness, and certainly good sales, thereby stimulating the export of the goods. On the other hand, if the dollar falls to 8, that is, the dollar depreciates and the renminbi appreciates, the price of the commodity in the international market is $12.50. High priced goods must not sell well, and they will surely blow the export of the goods. Similarly, the appreciation of the dollar and the devaluation of the renminbi will restrict the import of goods to China, which in turn will devalue the dollar, while the appreciation of the renminbi will greatly stimulate imports. You should now understand why the Japanese and Americans always shouting the appreciation of the renminbi, RMB appreciation will greatly increase the cost of China export commodities in the international market, the competitiveness of the goods against China, which in turn stimulate China imported large quantities of their goods. At the same time, you should also understand why, while the Asian financial crisis was concerned, Chinas insistence on the devaluation of the renminbi was a major contribution to the international community If the deval