Taoe: virtual currency

1.

The impact of the decline of offshore RMB:

1. The devaluation of RMB against the US dollar will increase the supply of RMB and lead to inflation, which will eventually lead to the rise of domestic prices. That is to say, when we buy goods at the same wage level, the types of goods we can buy will decrease because of the rise of commodity prices, so when the purchasing power of RMB in our hands decreases, It will rece the demand for unnecessary consumer goods

2. The depreciation of RMB against the US dollar will rece imports and increase exports. The increase in the cost of imported goods will drive up the price of imported goods, so that the competitiveness of imported goods is lower than that of domestic goods in the same utility goods. When we face the goods with the same utility, we will choose domestic goods to replace imported goods and rece the purchase of imported goods

In addition, the depreciation of RMB against the US dollar will have more or less impact on the people who study abroad, travel abroad or have outbound business. For families who are willing to study abroad, if they choose to travel abroad in the period of RMB devaluation, they will increase the expenses of studying abroad. For those who love outbound travel, they will rece the number of outbound travel e to the increase of hot money expenses and choose domestic travel instead of outbound travel. It will increase the cost of exchange for indivials with outbound business

4. The depreciation of RMB against US dollar will cause fluctuation in the stock market. The increase of US dollar interest rate will promote capital outflow and rece the total amount of capital in the capital market, which will affect the fluctuation of domestic stock market and the stock price of indivial stocks. Therefore, the depreciation of RMB against US dollar will affect our investment in the secondary market

The impact of RMB depreciation on real estate investment, the depreciation of RMB will promote the rise of house prices, if the RMB continues to depreciate, it will lead to the reversal of the whole market expectations, prompting investors to graally give up such overpriced assets as real estate

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Theresa walked down the dock