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Under the manipulation of the United States, the global economy is in turmoil, and the currencies of various countries are facing huge challenges.
However, in the midst of this huge financial turmoil, the United States' goal of trying to harvest China's economy has failed.
Compared with those countries where the value of their currencies has fallen sharply, the exchange rate of the renminbi has remained relatively stable, and although there has been a slight decline, the overall impact is not large.
In the face of the continuous outbreak of financial risks in Asia, what does the renminbi rely on to win?
There is growing uncertainty in the global economic situation. It is precisely because of this that the yen, the South Korean won and the Indian rupee have all depreciated to varying degrees.
In such a situation, the renminbi has maintained a relatively stable state.
This phenomenon fully shows that the current economic pattern is actually undergoing a deepening and reform, and China stands out in this price by virtue of its economic stability, and has become the focus of many capital's attention, and even the best choice to avoid risks.
However, some analysts believe that although the renminbi is still relatively strong, it does not mean that there are risks in it.
After all, in the global monetary system, as countries become more and more interconnected, the correlation between currencies is also becoming more and more close.
If a country's currency has been in a relatively strong state, the country will face many problems when facing export problems, which will affect the economic balance of the whole country.
Of course, for ordinary consumers, as the value of the renminbi continues to rise, the price of imported goods will fall accordingly.
When consumers buy certain products, the cost they need to pay will be further reduced.
In the short term, this is indeed a major advantage in promoting economic development, but in the long run, it is very likely to lead to the suppression of consumption, and even affect the willingness of some investors, thus affecting the development of the country's growth within the economy.
However, what is certain is that the current state of the renminbi is actually brought about by long-term planning.
In recent years, the mainland's economy has entered a state of all-round and steady growth, but the growth rate has not exceeded reasonable expectations, and has remained within a reasonable growth range.
With more foreign exchange reserves, it provides effective support for the RMB exchange rate.
Especially in the past few years, the Chinese market has attracted a large number of international investors.
Especially in the case of the continuous improvement of the mainland's economic growth rate, many investors believe that they can get more room for development by choosing the Chinese market, which also promotes the rising demand for RMB.
When the United States is facing an economic crisis, the Federal Reserve has implemented a number of interest rate hikes.
This policy will have a significant impact on the value of other countries' currencies, and for other countries, if they do not follow the example of the United States after the introduction of the best new policy, the value of the currency will be further reduced, and the exchange rate will inevitably fall.
However, despite the problem of declining currency exchange rates, China is one of the few countries that did not raise interest rates when the United States pursued a policy of raising interest rates.
In the case of not blindly raising interest rates, it has created more prudent monetary measures according to its own economic development.
For example, by regulating domestic interest rates and supply ratios, the flow of capital can be effectively controlled, and in such a situation, the fluctuation range of the exchange rate can be effectively controlled.
In fact, another key reason why China's currency has remained relatively stable is the various financial regulatory measures implemented by the state.
Currency crises in many countries are due to a lack of control of financial markets, excessive capital volatility or a lot of speculation.
In view of these circumstances, the mainland actually made plans early on, further strengthened supervision and control over the financial market, effectively avoided capital fluctuations and all kinds of speculation, and promoted the economy to be in a state of healthy and stable development for a long time.
The result of these plans is that the renminbi has become more stable, further strengthening the renminbi's influence in the international market.
In the face of the continuous detonation of the global economic crisis, it is reasonable for the mainland currency to remain stable.
In the future, it will ensure the development of its own economy through precise policy regulation and control, and at the same time, it is also constantly promoting the internationalization of the RMB.
What do you think about this exchange rate crisis? Welcome to discuss in the comment area!