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Anyone who knows China's history knows that it is a miracle that China has taken advantage of its development in just a few decades to have its current status in the international community, but some people are happy and some are worried about the rapid development of the mainland, and the capitalist capitalism headed by United States is very unhappy when it sees the rapid development of the mainland, for fear that the mainland's economic strength will become stronger and threaten United States's hegemonic status.
Therefore, we constantly united with our younger brothers to target the mainland, and in the past, when we were weak, we could only endure the calm and calm for a while, and take a step back to open the sea and the sky, but now that the country is strong, no matter what kind of difficulties we face, no matter how much you United States targets our country, we dare to fight with you and dare to fight with you.
Speaking of which, some foreign friends may laugh and say, is it Liang Jingru who gave you the courage to dare to speak to United States like this? In fact, the reason why China now dares to say that sentence is not only because of its own economy and strong military strength, but also because of its large foreign exchange reserves.
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People who don't pay much attention to the news may not know what foreign exchange reserves represent, for example, like saving money in the bank, most people save money that they can't use in a short period of time, so the more money they save, the more they represent the family's wealth.
The mainland's foreign exchange reserves now stand at $3,222.4 billion, down $9.7 billion from the end of last month.
But this is the seventh consecutive month that China's foreign exchange reserves have remained above $3.2 trillion, which can be said to be very scary, and if all of them are converted into yuan, then it can circle the world several times.
Such such foreign exchange reserves not only tell countries around the world that China's economy is strong, but also deter countries that want to plot against China.
Not only that, so much foreign exchange also makes the mainland's international development more smooth, and the large foreign exchange reserves not only allow China's capital to devote itself to the reconstruction of the global industrial chain.
Those who are familiar with military books should know that when wars broke out in all dynasties, what they were most afraid of was not that the enemy had many soldiers, but that they were afraid that the back door of their homes would catch fire.
At the same time, it can also affect the stability of the yuan, and everyone must know that Japan has been very difficult recently.
originally thought that even if the little brother who was a United States couldn't live a rich and noble life, he would not be poor and hungry, but what Japan didn't expect was that he was stabbed in the back by his eldest brother.
Because the harvest in United States has caused the yen to depreciate seriously, Japan's domestic economy is in a depression, and the direct impact of the yen depreciation is the increase in import costs, which can be purchased for 100 yen, but now requires 150 yen or more, so domestic prices will naturally rise.
In order to solve this problem Japan the central bank had to sell US bonds to save the market, but United States did not expect that the front foot had just sold some US bonds, and the back foot was sanctioned by his big brother, unhappy Japan move, and directly added it to the foreign exchange reserve monitoring list, so Japan also wanted to cry without tears.
Therefore, no matter how serious the depreciation of the RMB is, it can rely on selling foreign exchange reserves to intervene in the market and raise the value of the RMB.
At the same time, we can also guard against United States' small moves, and the RMB exchange rate is stable, so the people will rest assured, there will be no inflation and economic depression in the country, the people's living standards will naturally rise, and the people's happiness rate will also increase.
Moreover, the abundant foreign exchange reserves mean that even if there is an unfavorable situation in the world, foreign exchange reserves can also provide sufficient hedging tools, take the mainland manufacturing industry as an example, although the mainland manufacturing industry is now the world's leader, but the mainland has made great efforts to come to this point.
Back then, the mainland wanted to build high-speed railways and aircraft, suffering from no core technology, plus little funds, so it wanted to buy aircraft from developed countries for research and development, but the United States obstructed the mainland and could only develop independently.
Later, through the research of mainland researchers, the high-speed rail was finally built, and then not only built, but also became the world's leader, if the mainland had so many foreign exchange reserves at that time, then what to build, there is no need to worry about funding.
With adequate foreign exchange reserves, we can be more autonomous and flexible in areas such as international trade and aid. If we encounter a situation that is not in our favor, we can also use these reserves to deal with it. In this way, we will be able to have more confidence in handling international affairs.
After all, even United States claims to be the master of the world, relying on its powerful military and economic strength to arbitrarily interfere in the internal affairs of other countries and stir up the world unpeacefully, but it must also think carefully when facing the mainland.
Some people compare the earth to a sea, and any country in the world is a ship on the sea, some ships sway from side to side when encountering wind and waves, and some ships ride the wind and waves.
When it comes to the importance of foreign exchange reserves, many people may be very curious, how did the mainland make foreign exchange reserves so high?
First, China's own strength, coupled with the world's leading manufacturing industry, has made more and more countries willing to trade with the mainland, so China has a continuous export volume, and this stable economic structure directly increases the mainland's foreign exchange reserves and maintains them at a high level.
In addition, in recent years, the mainland has also been continuously optimizing its export structure, which has greatly increased the added value of its products, which can also play a role in consolidating foreign exchange reserves.
Second, as we all know, with the outbreak of the Russia-Ukraine war and the Palestinian-Israeli conflict, the global situation has reached a tense point, so investors have become more cautious, and China, as a world power, has always had a good reputation in the world, so many investors are willing to come to China to invest.
Third, the mainland government has established a prudent policy in monetary and other aspects, which has made China's currency more stable and China's capital market more attractive, so that the probability of foreign exchange reserves flowing into the mainland will be greatly increased.
In the face of changes in the global economy, the mainland's foreign exchange reserves are like a solid city wall, building an impregnable line of defense for itself, protecting the country's stability internally and playing a deterrent role externally.
What do you think about foreign exchange reserves? Welcome to discuss in the comment area!
Information sources:
National Business Daily: Foreign exchange reserves of $3,222.4 billion at the end of June Expert: It is expected that the scale of the mainland's foreign reserves will continue to stabilize at more than $3 trillion in the coming period