DropToZeroDon'tCry
💹 #人民币 Sudden rebound: Returning to the 6 range is almost a certainty!
This round of RMB strength is not mysterious at all; fundamentally, it’s about the “three logics” 👇
🇨🇳🇺🇸 1️⃣ Both China and the US need it: exchange rates have become the quietest “adjustment valve”
The US-China trade surplus remains huge, but neither side is willing to significantly cut tariffs.
So what to do? — Use the exchange rate to solve it.
RMB appreciation = easing US trade deficit pressure
RMB appreciation = maintaining China’s export competitiveness
Recent frequent calls between Xi and Biden a
View OriginalThis round of RMB strength is not mysterious at all; fundamentally, it’s about the “three logics” 👇
🇨🇳🇺🇸 1️⃣ Both China and the US need it: exchange rates have become the quietest “adjustment valve”
The US-China trade surplus remains huge, but neither side is willing to significantly cut tariffs.
So what to do? — Use the exchange rate to solve it.
RMB appreciation = easing US trade deficit pressure
RMB appreciation = maintaining China’s export competitiveness
Recent frequent calls between Xi and Biden a
