Chapters 28.93 Behind the Exchange Rate Drop

The yuan's exchange rate has been falling since mid-July.

By the beginning of August, the cumulative depreciation had been 6%. Although the overall range was not large, considering that the appreciation rate of the RMB in 2009 was only 27%, this figure was enough to make many people uneasy.

Under the influence of Xiao Qi, the rate and speed of appreciation of the renminbi has slowed down greatly compared to previous lives.

By July 2010, the RMB exchange rate remained at 6.8:1 against the US dollar, which seemed very stable.

Americans are certainly dissatisfied, but they have nothing to do. With the impact of the subprime mortgage crisis and the financial crisis in the past two years, they are a little overwhelmed. Some headaches.

In addition, countries such as Russia, Iran, Syria, and North Korea have been very dishonest in recent years, and Afghanistan and Iraq have dragged down too much energy of the United States. The Americans are naturally devastated and dare not target China any more.

Besides, China is not as ruthless as the Europeans. Since the debt crisis and financial crisis in European countries last year, the euro has depreciated by as much as 40%. Why do you depreciate more than I, America?

For a variety of reasons, the Americans could only acquiesce in the slow appreciation of the Chinese renminbi.

But they never said, let Huaguo's renminbi devalue!

And the rate of depreciation is very fast and the range is also very large.

If things go on like this, the continued depreciation of the renminbi will definitely deal a huge blow to the US import and export industry.

So Obama made several private calls to Niu Ruzheng to discuss the views of the United States.

This call can only be made in private. Although the relationship between the two is very good, Obama is now the president of the United States, and he is equal to No. 1 and Boss Bian. It is not appropriate to call directly.

Of course, he also made several positive phone calls to Boss Bian, but neither Boss Bian nor Niu Ruzheng let go.

The interests of the country are above all else. Although the United States exerts great pressure, it is impossible for the renminbi to only rise and not fall.

From 2007 to the present, more than 10,000 small and medium-sized enterprises in Huaguo have closed down due to trade difficulties. Although compared to the overall number, there is no major injury, but the problem is that if this continues, Huaguo's economy will not be able to bear it.

So from time to time, Huaguo has to try to get some discounts for them, and the drop in the exchange rate is naturally good for them.

And this decline cannot be short-term. It will take at least one month before it will be effective, especially for the delivery method of forward credit trade certificate.

In fact, if Europe hadn't been too ruthless, not only desperately dropping the euro, but also directly scaring people with zero interest rates, Huaguo would not have let the renminbi plummet.

The United States and Europe are Huaguo's first and second export markets for small commodities. If the trade between these two places is not good, Huaguo's life will be very difficult.

The dollar is depreciating, and the euro is also depreciating. What else can merchants in Huaguo earn?

If it weren't for the changes in many policies, the country's strong support, and the expansion of online trade to India, with a sufficient rear market, Huaguo's trade situation would be much worse.

What, you said there is a good demand in Africa?

The problem is that they often go missing, and they can’t get the final payment after selling the goods. Can such a business be done?

That is to say, the demand in Japan and South Korea has not decreased, and at any rate, there is some room for maneuver.

From this, we can also know why the previous life is at this time. Huaguo is about to launch a 4 trillion domestic demand stimulus plan - if consumption is not dependent on the domestic economy, Huaguo's small and medium-sized enterprises may collapse by 50%! !

Therefore, although this 4 trillion yuan policy has many imperfections. But it has also allowed many factories and companies to survive until the day when the economy gradually improves, which is also credited.

Back to the depreciation of the renminbi.

The choice of starting the RMB devaluation in mid-July is not only for economic reasons, but also for some political reasons.

Yes.

It is for the latest small joint military exercise.

In a country like the United States, you can't just reason with him. It is not enough to be blindly reckless like Russia. Only by being tough and giving face in the middle can it be possible to achieve the goal.

To do this, the wisdom of Huaguo is much stronger than that of the United States, so the fall of the renminbi is a good way.

It is not enough just to let the renminbi fall, and it is necessary to withstand the pressure of the United States until it slowly resumes its rise in one month or even two months, so that the United States can pay attention to it.

During this period, the pressure on the United States will definitely not be small, and the United States is best at making troubles from various aspects, such as Japan's shit stick, which will also come in handy.

According to the current strength, Huaguo will not be afraid of Japan in war, whether it is in long-distance or close combat.

In terms of medium and long distances, not to mention anything else, Japan would have to kneel when all missiles were launched, and no defense system could do anything about it.

Even if you take ten thousand steps back and say that you want to fight in hand-to-hand combat, according to the experience of decades ago, Huaguo has no way to gain the upper hand, and according to the international statistics of the past ten years, in terms of overall individual quality, Hua Guo also lags behind Japan - various military magazines in Europe and the United States have boasted about Japan so much that Hua Guo is also a little cautious.

But all worries will dissipate after next year's 311 super tsunami.

When encountering the serious danger of nuclear radiation, the helicopters of the Japanese defense department were unable to fly to the sky to investigate the situation. In the end, reporters from several TV stations rushed in by helicopter to let the people of Japan know what happened please.

As for the rescue in the disaster area, the defense team members are even more shocking. Some lied that they could not go there due to illness, some threw away the relief supplies on the way to drive and said they had been there, and even self-mutilated to avoid Those who were transferred to disaster relief... Anyway, there are so many strange things, people can't figure out how the Japanese Defense Force, which is known as the number one in Asia, has become like this.

In the end, several well-known groups in Japan forced the middle-aged and elderly people who owed them usury to wear protective clothing and enter the core area, risking their lives to detect and do things.

So Huaguo now understands, what's wrong with your Japanese defense team's high education? What's wrong with the serious and orderly training and exquisite coordination in the daily training? That is, a group of young master soldiers, when it comes to life and death, they will reveal their secrets!

The so-called "one who is useless is a scholar" refers to the current Japanese defense team.

Compared with the soldiers of Huaguo, they are simply ****!

Among other things, during the super earthquake in Shuchuan the year before last, when the ground conditions in the central area were unknown, the first batch of soldiers who were air-dropped went to battle after writing their suicide notes, and they participated enthusiastically. There was no backing down at all.

For example, more than ten years ago, during the super flood, the soldiers who jumped directly from the gap, used their lives to resist the flood, and helped to delay the time so that sandbags and others could be thrown down to block the gap as soon as possible were not forced. They didn't go there, but they really jumped off one by one by themselves.

Just based on this, do you think this group of young Japanese soldiers can beat the soldiers of Huaguo?

What a joke!

Why do you really think that electronic warfare and precision strikes are superior?

Then the United States has fought Iraq and Afghanistan for more than ten years, why is it still so embarrassed?

War is always about people, not the so-called high technology!

Or if you get angry, just like the third fat brother, I can't beat you, can't you grow a few mushrooms for yourself? At that time, South Korea will still be finished!

So the United States was also frightened by this hooligan, and there was nothing he could do about it for a while, and he didn't dare to push him into a hurry.

The United States can't even do anything about the North Korea, let alone the country of China, which also has the ultimate weapon, so there is no need to worry about war or anything, just patient economic competition and verbal wars.

It is also under this major premise that Hua Guo does not have to worry about how much Japan is going too far with the shit-stirring stick.

Over the years, it is precisely because of constantly knowing the bottom line of the United States that Huaguo can gradually make its own voice, unlike before, where it was suppressed everywhere.

Therefore, even if you are suppressed, as long as it is beneficial to China, you have to persevere even if you suffer a little bit. Once you are suppressed, you will give in, which will make the United States proud.

After this period of time has passed and the joint military exercise comes out, the United States will not dare to move much.

Regarding the situation in Asia, what the United States is most afraid of is the alliance between China and Russia. In that case, neither South Korea nor Japan will dare to move. Even Southeast Asian countries such as the Philippines will be scared out of their wits.

There are not many places for the United States to compete for now. South America is their backyard, and Africa is the backyard of Europe. Only Asia can develop a little bit more.

If China and Russia are united because of too much pressure, no matter how much the United States brags about the strength of the seventh ship, it will only be beaten to the ground.

In order not to stimulate China and Russia too much, the United States can only swallow its anger and give in.

In this way, the interests of China can be guaranteed, and Russia can also get some benefits. It can be said that everyone is happy.

Of course, it is impossible for Hua Guo to ask for something too much, everything has an appropriate degree.

Xiao Qi believes that no one can grasp this standard of speed better than the Hua people.

The reason why they couldn't use it before was because Hua Guo's strength was too weak. Based on the lack of strength, the so-called strategy didn't play a big role.

Only now that Huaguo is getting stronger and stronger, can the strategy of Confucianism be useful! (~^~)