In 2020, the appreciation rate of RMB has exceeded 3%, exports business are struggling.

RMB appreciation has a great impact on Chinese export enterprises, which will reduce the price advantage and competitiveness in foreign markets, and China’s export enterprises will be greatly impacted. RMB appreciation is generally divided into international and domestic effects. The international side is causing the balance of payments imbalance; the domestic side is causing our real purchasing power to decline.