Age of Dreams

Vol 2 Chapter 93: Behind the drop in exchange rate

Since mid-July, the exchange rate of the renminbi has been falling.

By the beginning of August, the total depreciation had been 6%. Although the overall rate was not large, it should be considered that the appreciation of the renminbi in 2009 was only 27%. This figure is enough to make many people uneasy.

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

As of July 2010, the RMB exchange rate remained stable at a rate of 6.8:1 against the U.S. dollar.

The Americans are certainly dissatisfied, but they have no choice. With the impact of the subprime mortgage crisis and financial crisis in the past two years, they have been a little overwhelmed. Although they have suppressed China, they have been countered from time to time by China. Some headaches.

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

Moreover, China is not cruel to Europeans. Since the European debt crisis and financial crisis last year, the depreciation of the euro was as high as 40%, which almost caused Americans to fight in the past: Hey, brother, you did not do it like this! Why do you depreciate more severely than my US?

For many reasons, the Americans can only acquiesce in the slow appreciation of the Chinese yuan.

But they never said to devalue China's renminbi!

Moreover, the rate of devaluation is very fast and the magnitude is also large.

If this continues, the continued depreciation of the renminbi will definitely be a huge blow to the US import and export industry.

So Obama made several private calls to Niu Ruzheng to communicate 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. It is equal to No.1 and Boss Bian, and it is not appropriate to make a direct call.

Of course, he also made a few direct calls to Boss Bian, but neither Boss Bian nor Ruzheng Niu didn't 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 rise but not fall.

2007 to the present. China’s small and medium-sized enterprises have closed down more than 10,000 companies due to trade difficulties. Although compared to the overall number, there is not much trouble, but the problem is that if this continues, the Chinese economy will Can't stand it.

Therefore, China has to fight for some concessions for them from time to time. The decline in the exchange rate is naturally good for them.

And this kind of decline cannot be short-term, at least one month, so that it will have an effect. Especially for the delivery method of forward credit trade vouchers.

In fact, if it were not for Europe to be too ruthless, not only did it desperately fall in the euro, but also directly used zero interest rates to scare people, China would not follow the renminbi plummet.

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

The dollar is depreciating, and the euro is depreciating. What else can businessmen in China earn?

If it hadn't been for many policy changes now, the state would also strongly support it. And online trade has expanded to India. With ample rear market, China's trade situation is much worse.

What, you said that the demand in Africa is good?

The problem is that they often go missing and cannot receive the balance after selling the goods. Can such a business be done?

That is, the demand in Japan and South Korea has not decreased. At any rate, it can be considered more room for maneuver.

From this we can also know why in the previous life, at this time, China was launching a four trillion domestic demand stimulus plan-if not relying on the domestic economy to consume, China's small and medium-sized enterprises might have to collapse by 50%! !

So, this four trillion policy. Although there are many imperfections, it also allows many factories and companies to survive until the day when the economy gradually improves.

Back to the devaluation of the renminbi.

Choosing to start the devaluation of the renminbi in mid-July is not only for economic reasons, but also for political reasons.

Yes it is.

It is for this recent small joint military exercise.

In a country like the United States, you can’t just reason with him, and you can’t just do it arbitrarily like Russia. Only when you are centered on being tough and giving face can you achieve your goal.

With this approach, China’s wisdom is much stronger than that of the United States, so a fall in the renminbi is a good way.

Just letting the yuan fall is not enough. We must also withstand the pressure of the United States. It will take a month or even two months to slowly resume its rise. This will make the United States take it seriously.

During this period, the pressure on the United States will certainly not be small, and the United States is best at making trouble from various aspects, such as the Japanese shit-chucking stick, which will also come in handy.

In terms of current strength, China will not be afraid of Japan in war, whether it is in long distance or close combat.

For medium and long distances, let alone anything else, Japan will have to shout and kneel when all missiles are fired. No defense system can do anything about it.

Even if it is to retreat by 10,000 steps, if you want to fight in shortcomings, according to the experience decades ago, China has no way to gain the upper hand. According to the international statistics of the past ten years, the overall quality of individual soldiers, China is also lagging behind Japan-various military magazines in Europe and the United States boast about Japan so much, making China a little cautious.

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

When faced with a serious risk of nuclear radiation, the helicopter of the Japanese defense department was unable to fly over to investigate the situation. In the end, reporters from several TV stations rushed in by helicopter to let the Japanese people know. What happened please.

As for the rescue in the disaster area, the defense team was even more shocking. Some lied that they could not go there, some drove to the middle of the road and threw away relief supplies and said that they had been there, and even self-mutilated to avoid it. The people who were transferred to the disaster relief...Anyway, there are so many weird things that people can't figure out how the Japanese Defense Force, which is known as Asia's No. 1, could become like this.

In the end, it was a few well-known groups in Japan that forced the middle-aged and elderly people who owed them loan sharks to wear protective clothing to enter the core area, risking their deaths to detect and do things.

So Hua Guo understood at once, what happened to your Japanese defense team's high academic qualifications? What's wrong with the training on weekdays that is serious and tidy and well-coordinated? That is, a group of young master soldiers, really when it comes to life and death, they will show their stuff!

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

Compared to the Chinese soldiers, they are simply ****!

Among other things, when the Shuchuan Super Earthquake last year, when any ground situation in the central area was unclear, the first batch of soldiers who dropped by the airdrops were all those who had written a suicide note before they went into battle, and they participated actively. There is no concession at all.

For example, more than ten years ago, during the super flood, the soldiers who jumped directly out of the gap and used their lives to resist the flood, to help delay the time so that sandbags and other soldiers could be cast down to block the gap as soon as possible. They went, but really jumped off one by one.

Based on this, do you say that this group of young Japanese soldiers can beat Chinese soldiers?

What a joke!

So why are electronic warfare and precision strikes so tall?

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

It is always people who fight for war, not so-called too much high-tech!

Or just like the three fat brothers if you get angry, I can't beat you, can't I grow a few mushrooms for myself? By then, Korea will still be over!

Therefore, America was also frightened by this gangster. For a while, there was nothing to do with him, and he did not dare to rush him.

The United States has no choice even for the Northern Dynasties, let alone a country with the ultimate weapon, so there is no need to worry about war or anything, just patient economic struggles and verbal battles.

It is also under this major premise that China does not have to worry about how much Japan is going to be a **** stick.

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

Therefore, even if it is suppressed, as long as it is beneficial to China, even if it suffers a little bit, it must be persevering. If it is suppressed, it will give in, but it will make the United States proud.

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

In the case of Asia, the United States is most afraid of joining hands between China and Russia. In that case, neither South Korea nor Japan dared to move, and even Southeast Asian countries such as the Philippines would be frightened.

Nowadays, there are not many places that the United States can compete for~www.wuxiaspot.com~ South America was originally their back garden, Africa is also Europe's back garden, and only in Asia they can develop a little more.

If China and Russia are allowed to unite because of too much pressure, no matter how much the United States brags about how powerful the Seventh Ship is, it will only be beaten to the ground.

In order not to irritate China and Russia excessively, the United States can only retreat.

In this way, China's interests can be guaranteed, and Russia can also get some benefits, which can be said to be a great joy for everyone.

Of course, China cannot ask too much for something, everything has an appropriate degree.

Xiao Qi believes that no one can grasp the standard of this degree better than the Chinese.

The reason why it was not used in the past was because China's strength was too poor. On the basis of its lack of strength, the so-called strategy did not play a big role.

Only now that the country of China is getting stronger and stronger, can Confucian strategies be useful! (To be continued.) uw

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