More than 84% of South Korean companies support China

  The U.S. Government miscalculated? The chip business lost 20 billion

After the epidemic, global value chains (a division of products) are accelerating restructuring. At that time, global value chain dominance or face change, and the ambitious United States are planning to continue to dominate the global value chain.

 Even under the new global value chain order, South Korean companies will not reduce their trading cooperation with Chinese companies, according to a poll. Eighty-four.3 percent of the companies surveyed said they would maintain or expand business with Chinese companies.

In fact, the formation of a global industrial value chain is the inevitable result of economic development, it is difficult for Korean enterprises not to cooperate with China. And the current U.S. foreign restrictions on-chip exports are thus undermining the global chip industry chain supply security. This means that in the future, companies in other countries are likely to avoid restructuring new supply chains to reduce supply risks.

 At present, the American chip industry is suffering from "anti-macrophage ". In April, the international semiconductor association, which represents America's semiconductor interests, warned that if u.s. restricted exports of chips and related technologies, it would lose $20 billion a year in its "chip business ". Predictably, the United States is likely to gradually lose its sense of existence in the global chip industry chain.

On the contrary, the presence of Chinese enterprises in the global supply chain is becoming stronger and stronger. The Foreign Trade and Economic Cooperation Institute of Global value chain point out that Chinese enterprises have become one of the core nodes and key links in the global supply chain, but there is still a certain distance from the global dominant position. In the future, China will promote the construction of a China-led global value chain in two ways, Xinhua reported on September 22.

First, cultivate industry leaders and create a Chinese enterprise-led industrial chain. Huawei, for example, as the world's top 5 G technology leader, can drive a group of 5 industry suppliers. Second, Chinese enterprises are deeply embedded in the global supply chain, so that the world can not be separated from Chinese manufacturing, thus establishing the leading position of Chinese enterprises in the global value chain.

World Bank, China's economy may increase 7.9% in 2021

 On September 29, the World Bank released its October 2020 semi-annual report on East Asia and the Pacific: from containment to recovery, with China's economy expected to grow 7.9 percent by 2021.

The report notes that the new crown pneumonia epidemic has had a triple impact on developing economies in the East Asia Pacific region: the pandemic itself, the impact of preventive measures on the economy, and the impact of the crisis on the global economic recession. Rapid action was needed to ensure that the pandemic did not affect economic growth and increase poverty in the coming years.

The report states that some countries have so far effectively curbed the spread of the virus and that domestic economic activity has gradually recovered. But Asia-Pacific economies depend heavily on the rest of the world, and global demand remains weak. The region is expected to grow by only 0.9 percent in 2020, the lowest rate since 1967. China is expected to grow by 2.0% by 2020, with government spending, strong exports and low new infection rates helping. Other countries in the Asia-Pacific region are expected to shrink by 3.5 percent.

The report also said that the Asia-Pacific region's prospects for 2021 are brighter, based on the assumption of sustained recovery and normalization of economic activity in major economies, and linked to the possible availability of vaccines, China is expected to grow by 7.9 percent and other economies in the region by 5.1 percent. However, the output is expected to be well below pre-popular projections over the next two years. The outlook is particularly acute for some of the more exposed Pacific island countries, whose output is expected to be about 10 percent below pre-crisis levels by 2021.

The report predicts that poverty will rise for the first time in 20 years in the Asia-Pacific region: as many as 38 million people are expected to remain poor or return to poverty as a result of the pandemic (according to the upper-middle-income poverty standard of $5.5 per day).

 The World Bank's Vice-President for East Asia and the Pacific, Victoria Kwa, said:" The new crown pneumonia epidemic not only hit the poor the most but also created a group of' new poor'. The Asia-Pacific region faces unprecedented challenges and governments face difficult choices. But there are also sensible policy options available that can reduce these trade-offs, such as investing in better detection and tracking capabilities and continuously expanding social protection to include the poor and the informal sector ."

 The report warns that without simultaneous action on multiple fronts, the pandemic could cut regional growth by one percentage point per year over the next 10 years, with poor households most affected by less access to health, education, employment and financial services.

 A huge fiscal deficit in the Asia-Pacific region by 2020 is projected to increase government debt by an average of 7 percent GDP. The report calls for fiscal reform to mobilize revenue by increasing progressive taxes and reducing wasteful spending. In some countries, the stock of outstanding debt may have reached unsustainable levels, requiring greater external support.

 "Many Asia-Pacific countries have managed to contain the epidemic and provide relief, but efforts are needed to achieve recovery and growth," said Aditya Matu, the World Bank's chief economist for East Asia and the Pacific. Current priorities should be the safe return to human capital; the expansion of a narrow tax base to avoid cuts in public investment; and the reform of protected services to take advantage of emerging digital opportunities ."

China is now facing decoupling from the U.S. economy, a small mold company we can't control. As an export-oriented manufacturing enterprise, all we can do is to improve our ability. When the global trading environment gets warmer, if we are still alive, it is successful.

The latest ranking of the world's financial centers: Shanghai's first consecutive rise to the top three in the world

 The latest Global Financial Center Index released today, Shanghai's comprehensive score ranking rose again, surpassing Tokyo for the first time in the world's top three.

 September 25, by China (Shenzhen) Institute of Integrated Development Research and the United Kingdom, think tank Z/Yen Group jointly compiled the "28th Global Financial Center Index (GFCI 28)" report officially released. New York, London, Shanghai, Tokyo, Hong Kong, Singapore, Beijing, San Francisco, Shenzhen and Zurich are the top 10 financial centers in the world, according to the latest report.

 Among the world's five largest financial centers, Shanghai is catching up. Compared with the 27 th Global Financial Center ranking, the ranking of the top ten financial centers in the world has changed greatly. Among them, the Shanghai score rose again, surpassing Tokyo for the first time in the world's top three ranks, representing the highest position of Chinese cities in the global financial center.

 In the last three rankings, Shanghai was promoted to three levels. Shanghai is still in fifth place in the 26th issue of the Global Financial Center Index released last September, and in March, Shanghai rose to fourth place and is now in the top three in the world.

 Hong Kong's score rose 6 points, surpassing Singapore's fifth in the world. Shenzhen and Zurich are in the top 10, while Los Angeles and Geneva are "squeezed out" of the world's top 10 financial centers. Beijing and San Francisco ranked seventh and eighth in the world. So far,12 cities in mainland China have entered the global financial center index list.

 The "Matthew Effect" of Financial Center is obvious

Since March 2007, the London Z/Yen Group has released the first issue of the Global Financial Centre Index (GFCI 1), which continues to evaluate and rank the competitiveness of major financial centers around the world. The list is updated every March and September, and today is the 28th issue, covering 111 financial center cities and 10 candidate financial center cities around the world.

 According to the latest ranking, Shanghai, Hong Kong, Shenzhen and Zurich all rose in the top 10, while Tokyo fell to fourth in the world and Singapore fell again to sixth in the world.

 The report points out that the global financial center score overall fell, but the top 10 financial center score all rose against the trend, the global financial center "Matthew effect" increasingly obvious. The data show that the average score of global financial centers in the current period was 41 points lower than that of the previous period, and the scores of more than 80 financial centers declined, but the average score of the top 10 financial centers increased 7.7 points overall compared with the previous period. Or reflect the epidemic, only a few top financial centers market recognition and confidence remained high.

 Michael Meaney, chairman of the Z/Yen Group, a British think-tank, said the spread of the new crown did have a huge impact on the global economy, but not just the only one. Before the outbreak, many uncertainties had risen sharply, such as international trade, international relations, technological development, and so on.

 Michael Meneni believes that despite the decline in the average score, the top 10 financial centers in the rating index all scored against the trend. During the epidemic, large cities and Hong Kong cities can still provide good financial services.

Diversification of Mainland Financial Centres

With the addition of Xi'an and Wuhan,12 financial center cities in mainland China have been listed on the global financial center index. Among them, Shanghai, Beijing and Shenzhen have entered the top 10 in the world, Guangzhou has ranked 21, Chengdu and Qingdao have risen rapidly, ranking 43 and 47 in the world, Nanjing has ranked 89 in the world, while Xi' an, Tianjin, Hangzhou, Dalian and Wuhan have relatively low ranking and have a large room to rise. Shanghai ranks among the top three in the world and has achieved the best results in history. The report shows that mainland China's financial center "hard power" still has greater room for improvement.

China and the United States have outstanding advantages in financial science and technology

According to the report, New York ranked first in financial technology in the global financial center index financial technology ranking, followed by Beijing, Shanghai, London and Shenzhen. In the ranking, five of the top 15 financial centers come from China and six from the United States, reflecting that the level of financial science and technology development between the two countries has been generally recognized by the international financial community. The survey shows that financing channels and high-tech personnel are the most important factors to optimize the development environment of financial science and technology, while big data analysis and transaction payment systems are the most important application scenarios of financial science and technology.

CNmoulding from Shanghai, a professional mold maker. Shanghai has become a very detailed and professional city. We will strive to satisfy every customer who orders our plastic molds, every customer who orders our injection products, reflects our spirit of Shanghai, the quality of Shanghai, the service of Shanghai.

Tesla sued the Trump administration to stop tariffs on China

 On the evening of September 23, Bloomberg reported that Tesla filed a lawsuit in the New York International Trade Court on Monday, demanding an order to declare tariffs illegal against China and refund its payments and pay interest.

 At the beginning of 2019, Tesla also asked the Trump administration to waive a 25% tariff imposed in August last year on the "brain "(brain) of its domestic car-mounted computers, saying it threatened the company's interests.

 If Tesla wins, American law is democratic and free.

China mold maker wishes "We don't want a trade war. The U.S.-China manufacturing industry wants normal trade"

"Living expenses" of Chinese university students

  The gap between the poor and the nobility

     New students from all over China begin school. From the yearning for college life to the real college campus, the new college life is about to begin. When you go to college, your parents will be happy and supportive. Although every school term, parents will give their children a large sum of money to pay tuition and living expenses, for the future of the child, this money is not lost at all!

However, for new college students," how much living expenses "has become a more difficult problem for parents. If you don't have enough money for your children, you don't have enough food and clothes at school. You don't want to give more, you're afraid to raise children. The habit of spending a lot of money on something beyond your ability. Recently, the "2020 university student "living expenses" standard released. Students with a monthly salary of 800 yuan shout: let's see where your college students are. Rank!

In 2020, the "living expenses" scale for college students was released. Netizen: the gap between rich and poor!

Last:800 yuan per month to solve the basic problem of food and clothing

Now, few college students earn 800 yuan a month, but some students' family economic situation is not optimistic, monthly living expenses are only so much 800 yuan a month, a semester is 3200 yuan, a year is 6500 yuan, for family difficulties, making money is very difficult.

For college students,800 yuan can only solve and maintain basic food, clothing, housing, and transportation. Three meals a day is 30 yuan,900 yuan a month. Therefore, students may save money and reduce food and clothing such as daily fruit. The most basic necessities of life, you have to find your own way, shopping is something you can't even think of.

Four levels:1000-1500 yuan a month, enough food and clothing, can buy some necessities of life

If more than 1000 yuan a month, don't worry about food and clothing, the remaining about 600. Money can buy some necessities of life. Toothpaste, toilet paper, aunt towel and so on are daily consumables, each about 20 yuan, from left to right about 100 yuan, the remaining 500 can buy some fruit, you can also buy some things you like not expensive.

1000-1500 can be regarded as a "well-off" college life, after all, there is a certain gap with well-off, but compared with 800 yuan per month "poor ", I have to say this is" sad "! This level of college students can live a good college life, at least they do not have to try to "frugality ".

 Level 3:1500-2000, free-spending

 Monthly living expenses of about 2000 yuan college students, can be basically counted as free consumption. This kind of college students' family economic situation is also relatively good. Parents maintain the daily expenses of their families every month and have enough money to pay for their children. Living expenses, at least two people's monthly salary is more than 6000 yuan.

This kind of college students, in addition to basic food and daily necessities, but also occasionally stroll with sisters, buy some favorite jewelry, bags, life is basically between small money and the rich, as long as not buy the too luxury brand, a month basically have plenty of pocket money.

 Second rank 2500-4000 rich, have the courage to spend money

 Once a college student calculated a monthly cost to his parents, including 1000 meals,500 daily life, and image costs, that is, clothes, bags, jewelry and cosmetics beauty salon,1000, as well as communication fees, school supplies costs and so on accumulated 4000 yuan.

 That is, a female college student can achieve abundant life, must reach 4000 yuan month living expenses. This level of college students life is relatively rich, spending money is also full of courage, so in the dormitory is also admired by other roommates.

 

First grade 4000 diamonds, aristocratic life

 This kind of college student is generally a "rich second generation" level, to think of a second-tier city parents' monthly salary is likely to be less than 4,000, so can only be very good economic conditions in order to achieve more than 4000 yuan a month to children living expenses.

Because if you spend all the money at the end of each month, you can still want it again, so you don't have to control shopping, and you can' t do well in life. Occasionally roommates in the dormitory have no money to spend will basically borrow money from this kind of college student, they do not spend money planning, big hands, so in the dormitory is more popular.

SMIC official propaganda! 8 nm Chip end-of-year production

 China starts to produce 8nm Chip, Do not need a EUV lithography machine

As the U.S. government has intensified its repressive actions, it has made our country aware of the importance of core technology autonomy. Especially in the field of semiconductor chips, domestic must get rid of the dependence on foreign-related technology, because the Huawei example tells all domestic technology companies: only by holding the technology in their own hands, can we avoid being controlled by others!

Although there is still a certain gap between the domestic chip technology level and the old United States, now our country pays more and more attention to the independent research and development in this respect and begins to vigorously support the development of domestic semiconductor companies. In this case, domestic chips have no reason not to rise, catch up with foreign advanced technology is also imminent!

 Recently, the domestic came good news, SMIC official propaganda! nm chip trial production at the end of the year, no need to EUV lithography machine. This means that SMIC has made a great breakthrough in chip production, has been puzzling the domestic problems finally sees the hope of solving!

SMIC is the largest chip factory in mainland China. Its main business is to contract various chip products for customers, similar to TSMC. However, by contrast, SMIC must be relatively backward, because TSMC is the world's largest manufacturer, accounting for more than half of the market share.

We need to know that the measure of the strength of a factory does not scale, but technical strength. So SMIC wants to catch up with TSMC, there is still a long way to go. But after the breakthrough of SMIC's official propaganda technology on September 18, the gap between SMIC and TSMC was further narrowed!

SMIC's second-generation N 1 process has entered the customer import phase, will be trial production by the end of this year. The chip produced by this technology can reach the level of 10 nm. If the chip is calculated according to TSMC, it can be called 8 nm chip.

 Perhaps many people are the first to hear nm 8 chip, but it is almost the same process as the 7 nm chip, in all aspects of the performance is excellent. Judging from the data released by SMIC, the 8 nm chips produced by the N 1 process have improved their performance by 20%, reduced their power consumption by 7%, and reduced their area by 63% compared with the 14 nm of TSMC!

Thus, SMIC's N 1 process is still very strong, this is the first time in our country to reach the level of less than 10 nm. More importantly, SMIC's technology has freed itself from reliance on lithography, meaning that 8 nm chips can be produced without EUV lithography.

 I believe we all know that the lithography machine is essential equipment in the process of chip production, and only the high-end lithography machines can produce advanced chips. The reason why our domestic chip industry can not breakthrough is because of the high-end lithography machine.

Now the situation is different, SMIC's N 1 process can produce 8 nm of chips without lithography, which points out a new direction for domestic development. However,8 nm is not the top chip process, SMIC must continue to work hard to really get rid of foreign technology dependence.

 Overall, SMIC 8 nm chip trial production is rarely good news for our country, may promote the further development of domestic chips, and help Huawei out of difficulties. But we can not blindly optimistic, to know that TSMC and Samsung have reached the level of 5 nm, SMIC has a long way to go!

china mold maker wishes them early development, for our Chinese manufacturing industry.

China's real economic growth this year exceeds international estimates

 The International Monetary Fund forecasts a positive growth of 1 percent of China's economy in 2020, the only country in the world's major economies that are growing. China's economy is forecast to grow by 1.6% by 2020, and the latest figure OECD( the Organisation for Economic Cooperation and Development) is 1.8. "But I think China's real growth in 2020 will exceed these international organizations' expectations ."

On September 19, a forum on "promoting entrepreneurship and promoting high-quality enterprise development" and the launching ceremony of the "Talks" program were held in Beijing. At the forum, Zhu Guangyao analyzed the current global economic situation.

"As soon as possible to form a large domestic cycle as the main body, the domestic and international two-cycle mutually promote the development of a new pattern is crucial ." Zhu Guangyao said that in order to achieve high-quality and sustainable development of China's economy and form a new pattern of development as soon as possible, there are five aspects of uncertainty to face up to.

The first is the uncertainty of the development of the global new crown pneumonia epidemic and its continued impact on the global economy. "This is the worst public health crisis in a century. At the same time, it has caused a huge impact on the world economy. We must be vigilant, and we must use our stable development, sustainable development, high-quality development to overcome this uncertainty ."

The second is the uncertainty of global industrial chain and supply chain. Among them related to the domestic people's life and health of the medical industry, key industrial adjustment, more prominent regional cooperation, digital economy, online transactions busier to adjust the industrial chain, these uncertainties should be accurately grasped, at the same time to effectively deal with.

The third is the uncertainty of financial market stability. What is directly related to financial stability is the global payment system. In order to deal with the abuse of "long-arm jurisdiction" in the United States, the European Union has introduced the monetary payment system of eurozone countries, which is a very important change. "So the instability in financial markets deserves our vigilance and attention to further changes now and even next year ."

 The fourth is the uncertainty of the development of the digital economy. The development of the digital economy has indeed brought great hope and conditions for the healthy and sustainable development of China's economy and the rejuvenation of the global economy. But it is also important to see the infrastructure of policies that need to be advanced in this area, including data security, privacy protection and cross-border data flow.

 Finally, geopolitical uncertainty. "In the face of geopolitical uncertainty, we adhere to China's policy position and principles, do not conflict, do not confront, mutual respect and win-win cooperation, is in the interests of China and the world, peaceful development will not be rewritten because of the new crown pneumonia epidemic, the trend of world economic globalization will not change ."

 Although CNMOULDING is only a small injection mold and plastic molding company, we hope all Chinese enterprises can face the challenge. We need to work together to overcome this uncertainty with the stability of economic development.

Bill gates :" instead of selling chinese chips, they forces them to become self-sufficient "

 China is not the enemy of the United States, Chinese people and American people are friends.

 In an interview with Bloomberg on September 15, Microsoft co-founder Bill Gates bluntly said that not selling Chinese chips meant that the United States would lose a lot of high-paying jobs and push China to accelerate the chip self-sufficiency.

After exchanges on the epidemic response, vaccine development, environmental protection and other issues, the moderator led the topic to Sino-US relations. "You've always been adamant about getting in touch with China, even with China," he asked. Do you have the will to change your mind now ?" "I wouldn't say it's an interdependent relationship. It's a mutual benefit ." Bill Gates then used American jet engines, entertainment industries, and expensive chips to highlight that they "create high-paying jobs ". He later said that although there is a little distrust in Sino-US relations, it does not mean that the areas of mutual benefit are reduced to zero. In response to the host," whether we should carefully consider banning high-tech products from China," Bill Gates expressed clear opposition to the United States. "Force China to make its own chips now, which means that if there is a future conflict, you will not only give up these high-paying jobs but also force China to become fully self-sufficient ." Bill Gates asked," Is it really good to do so ?"

"Is that really good ?"

U.S. government authorities are considering blacklisting SMIC (SMIC), Chinese mainland largest chipmaker. In response, SMIC responded that the company strictly complies with the laws and regulations of relevant countries and regions, and any report on "SMIC-related military involvement" is false news, which is shocked and puzzled. America's unprovoked crackdown on Chinese companies is actually for votes.

For a period of time, without any real evidence, the United States has generalized the concept of national security, abused state power, and taken various restrictive measures against Chinese enterprises. Pierce the US has always been a self-proclaimed market economy and fair competition principles of the shroud. This will not only violate the rules of international trade, destroy the global industrial chain, supply chain, value chain, but also damage the national interests of the United States and its own image.

China has turned the list of U.S. necks into a list of scientific research tasks, such as aviation tires, bearing steel, lithography machines, and some key core technologies, key raw materials, etc.

Objectively speaking, it turns out that most of China's middle class has a good feeling for the United States, and it is also our dream. Now for the election, the U.S. government is desperately pulling the American people's hatred of our China, just to win votes.

The kidnapping of the people of their own country for personal gain really disappointed us.

Increased costs of enterprises with RMB rising and falling

 The yuan rose again, rising to 6.73 on September 17, a record high after April 2019.

Deviations from the present value of the exchange rate from depreciation expectations

CNMOULDING post that the renminbi depreciation expectations increased, as recently as the renminbi appreciation, here mold manufacturing economic enthusiasts try to explain as clearly as possible the difference between depreciation expectations and exchange rate present value.

1) depreciation expectations. 

The exchange rate depends on the relative strength between the two currencies, and the depreciation expectation is the possibility that the market thinks one currency will depreciate against another in the future. Interest rate parity relationship, if the market believes that a country's currency has depreciation expectations, then capital outflow arbitrage will promote its currency interest rate rise, until the arbitrage space disappears, interest rate rise can compensate for depreciation expectations. Therefore, depreciation expectations can be accurately measured by fluctuations in the spread between the two currencies. Although the current RMB exchange rate is basically flat with April 2019, the Sino-US spread has expanded from about 60 basis points at that time to the current 246.9 basis points. This is a significant increase in depreciation expectations data quantification.

2) the present value of the exchange rate.

 Exchange rate present value = depreciation expect other effects (spread, central ticket, consumption of external storage hard pull, regulation, etc). The present value of the exchange rate covers depreciation expectations but is different from depreciation expectations. The depreciation expectation does not necessarily depreciate, other effects can cover the depreciation expectation, the exchange rate will not depreciate but also appreciate, which is the reason for the current RMB appreciation.

 However, if the means of maintaining the exchange rate without depreciation are not sustainable, the depreciation expectation will be a grey rhinoceros risk, but the risk landing will be affected by the dual influence of control ability and market sentiment, and the mood will be changeable. is changeable.

Deviations from foreign exchange reserves and foreign exchange holdings

 For foreign exchange reserves and foreign exchange accounts, there are similar deviations.

 China's foreign exchange reserves rose $10.218 billion in August, according to dollar-denominated outgoing reserves.

But the central bank's foreign exchange share shows that in August, the foreign exchange share decreased by 3.825 billion RMB, and the foreign exchange account for 7 consecutive drops!

Generally speaking, changes in foreign exchange reserves = changes in the nominal value of foreign exchange assets.

 A decline in foreign exchange accounts for a real outflow of foreign exchange; the increase in foreign exchange reserves is a rise in nominal value in dollars (but in SDR, the nominal value of foreign exchange reserves is reduced).

 The 7 consecutive decline in foreign exchange is the performance of the continued flow of foreign exchange, is a further confirmation of depreciation expectations!

External promotion

After that, the yuan has appreciated 3.2 percent of the dollar, that is,3.2 % of the external appreciation; after that, the previous August CPI average 3.53 %, that is, the internal depreciation 3.53%.

And the U.S. CPI average of 1.2% in the previous August, it was clear that the dollar's purchasing power fell less than the renminbi.

In terms of purchasing power parity, more currencies with lower purchasing power have the potential to depreciate (which is why the renminbi is expected to depreciate), but in fact, the renminbi has risen by 3.2 percent.

For export enterprises, this year's rise and decline will increase the cost of enterprises by 6.73% macroscopically, and the survival rate of export enterprises will be greatly tested. For example, our injection mold manufacturers and plastic injection products supply companies use overseas markets to cook this deviation will suppress export earning capacity, resulting in this deviation trend can not be sustained.

New coronavirus or a serious threat to marine life

 A continuing COVID-19 pandemic has severely affected public health, the economy and society globally. At the same time, its impact also affected the environment and wildlife. A new study suggests that the new coronavirus may pose a serious threat to marine life.

In a recent study, the pathologist Sabazishan Masawaraja of Dalhousie University School of Medicine in Halifax, Canada, said poor wastewater management could have devastating effects on already declining marine mammal populations, as it would expose them to the environment contaminated by the new coronavirus.

Although COVID-19 is essentially a respiratory disease, analysts point out that the disease can lead to multiple organ infections, including gastrointestinal infections. COVID-19 patients expel viral pollutants through urine, the researchers said. At present, the virus has been found in untreated wastewater in many countries, including Italy, Spain, France and Australia.

Maharaja noted that the role of wastewater treatment and management is important in such an epidemic. As a result of poor wastewater management, wastes carrying highly infectious SARS-CoV-2 viruses are discharged into the natural water systems on which marine mammals depend.

in the analysis, masavaraj revealed susceptibility to marine mammals. Many species of whales, dolphins and seals, as well as sea otters, are vulnerable to viruses from waste water, he said. In addition, data maps highlight that current poor wastewater management in places such as Alaska may lead to exposure of susceptible marine mammal populations to the threat of new coronavirus. Given that more than half of the world's susceptible species are already at risk of declining numbers, viruses released from untreated wastewater may have devastating consequences for these populations.

 Researchers point out that many marine mammals inhabiting contaminated natural waterways will be exposed to the threat of new coronavirus, so it is important to determine which animals are most at risk. to this end, the researchers analyzed available data on the genomes of these susceptible marine mammals and modeled them to predict their susceptibility to the new coronavirus.

If the RMB becomes an international currency, what will happen?

 In recent times, the RMB exchange rate seems to be a bit "fierce ", as of September 1, the onshore RMB against the dollar temporarily reported 6.81, this is what concept, for a long time the exchange rate is above 7.0, a short period of three or four months from 7.19 to 6.81. In other words, this may not be felt, if converted, the gap will come out. If you hold $100000 at the high of the dollar, you may lose about 40,000 yuan by now!

It is precise because the yuan is "singing" that many people have put forward conjectures, such as some saying that the yuan may become an international currency and others that the yuan's status may surpass that of the dollar. Of course, this is just a conjecture, not yet a fact. However, there is a question worth thinking about. If the RMB is really "internationalized ", what changes will it bring to our lives? I think there are the following points.

 First of all, when Chinese residents travel abroad or work, they do not need to exchange the RMB into other currencies, and they also save the trouble of calculating the exchange rate. That is to say, it is more convenient for our residents to leave Congress. Secondly, if the RMB becomes international currency, then foreign trade transactions will also use RMB, and the RMB will circulate all over the world. Just like the current dollar, more foreign-funded enterprises will cooperate with us because of the status of the currency. There will also be foreign-funded enterprises in China to increase employment in China.

In addition, once the RMB becomes the mainstream currency, the reference standard of the exchange rate will also change, which used to be the reference dollar, so when the RMB becomes the international currency, the RMB will become the reference standard. To put it simply, China's foreign trade will not be affected by the exchange rate as it is now. We can't guarantee that all kinds of import and export costs will be reduced, but we can be sure that they will be more stable than before, which is what we want to see.

 For those who do business, they would rather make less money than make business stable, so this is of great help to our foreign trade industry , For example, cnmoulding is a professional export plastic moulding company, which is also big monetary welfare. Finally, the problem of inflation, in fact, although the United States is overissued currency, but the dollar index has not declined, which means that the United States has no major inflation problem if the renminbi becomes the mainstream currency, In fact, like the current dollar, it will not depreciate because of something.

This should be the most desired thing for the common people of our country, after all, prices have been rising, and inflation has a great relationship. If this environment can be stabilized, it is really great good news. So is there any harm in turning the yuan into an international currency

Bloomberg 100 million Biden into Florida

 Bloomberg (Michael Bloomberg), a former New York mayor and billionaire, announced on the 13th that he would spend $100 million to help Democratic Biden attack Florida in key states and save his campaign money elsewhere. During the same period, Trump also said that he must win the election without ruling out his 100 million campaign.

The campaign was expensive, Until the last reported pre-August expenses, Trump has spent $800 million, Biden spent 410 million. It is generally estimated that by 3 November, Both camps will spend 1 billion. Biden, after nominating her as deputy, The campaign's fundraising is booming, They raised 360 million in August, And Trump only raised 210 million, Hardly $154 million less. Neither side has announced how much money is left, But the Trump campaign has been saving money many times. Now, Bloomberg is going to add 100 million to his opponent, The target is Trump's hukou, Florida, This is not good news for Trump.

 Why Florida

 Florida has been a battleground state for years, a key swing state. Remember that in the 2000 U. S. election, George W. Bush and Gore because of the Florida communications vote, re-check and other issues of litigation, the final case to the High Court, and the High Court decided that in that district George W. Bush won, resulting in the Florida election to George W. Bush and let him win the White House. Florida was also the key state in Trump's last general election, winning only 1.2 percent of the 120,000 votes by universal suffrage.

Florida, with 29 Xu Yuan votes, is the third-largest state in the United States after California and Texas. California and New York are hard-core Democratic districts, and Texas has always been a Republican (a little hanging this year, but not a big question), so Florida's 29 electoral votes are a key indicator of almost every election, who wins Florida and who takes the White House. Trump's 2016 Florida poll, as it is now, has lagged Hillary Clinton by 1-3 percentage points,1.8 points behind the week before the election, with 1.2 percent winning and a successful turnaround. However, in 2016, three days before the election, Trump was ahead of Florida, but the average poll still showed a lag. In fact, the two-point lead is not strictly a lead, within the margin of error, and the lesson of the 2016 poll is that there are a group of Trump's incognito supporters that polls are hard to reflect.

 Bloomberg 100 million

Bloomberg is going to hit Florida for 100 million, of course. A billion of advertising and publicity, in less than 50 days can play great publicity. This will force Trump to invest resources in Florida, squeezing his spending in other states, as if he would fall behind if he didn't pay for it.

For Biden, for the next 49 days, he needs to focus on four states: Wisconsin, Michigan, New Hampshire and Nevada: Pennsylvania, Arizona and Florida. It can also be said to be four attacks three. And for Trump, he wants to keep Georgia, North Carolina, Ohio, focusing on Florida, Arizona, Pennsylvania, and trying to get at least one back from Michigan, Wisconsin, New Hampshire, Nevada. Trump's battlefield is much bigger!

Bloomberg focuses on the largest Florida states in these battlefield states, dragging down Trump's role is great! Moreover, there is indeed a group of middle voters in Florida whose voting intentions can be won.

 Four years ago, Trump beat Hillary Clinton at 57:40 among 65-year-olds in Florida, but the latest poll was 49:48, equivalent to a tie. This time around 16 points, is completely enough to flip the number.

 Also, Florida has a large number (26%) of themselves as middle voters, and in the Marist College survey, the two middle voters supported Biden 51:40 Trump. In the final stage of the election, the votes of the middle voters were snatched.

 The third influential group is Hispanic. About 20% of Florida's voters are Hispanic, mostly from Central American countries such as Cuba, Venezuela, Puerto Rico and El Salvador. However, Hispanic voters are deeply divided on support, with Cuba and Venezuela backing Trump heavily and Puerto Rico backing Biden. Of Bloomberg's 100 million, there will be considered advertising in Spanish. Because English-speaking Hispanics support Trump more, while Spanish-speaking voters are Biden more.

As a Chinese precision mold manufacturing company, no matter what president the United States chooses, he hopes to improve the current trade struggle.

It would be nice to have a good business together.

With 1.4 billion people, factories can't recruit people

  With a population of 1.4 billion, factories can not recruit people. Where is the future of China's manufacturing industry?

Throughout the domestic development, China can achieve its rise in a short period of time, mainly due to the large domestic population. In fact, the rapid growth of the economy, but also need population as support. For China, relying on the demographic dividend, the economy has taken off. At present, the global aging process is accelerating, China's aging degree is also increasing. Although labor resources are still relatively rich but has lost its advantage, what is this?

First of all, the huge population base, to the society brought a very rich labor force, accelerated the rapid economic growth. But now there is a "crisis" in China, the aging of the population is becoming more and more serious, and the labor force is declining. Some insiders pointed out that the domestic fertility rate, marriage rate are constantly declining, coupled with the continuous development of medical care, people's life expectancy is also rising, secondly, people's ideas have also changed a lot, so society has ushered in a "crisis ".

However, the emergence of this phenomenon, China is not an exception, many countries around the world are facing such problems, but in essence, the increase in the number of elderly people means that the labor force population is small. From the development of Japan, it can be seen that aging has brought about a very large "crisis ", the burden of social old-age care will country's economy will decline, and the elderly may need to do some work in order to meet their basic needs.

From the current development of China, the domestic has ushered in a "labor shortage ". As we all know, China's manufacturing industry, with its own advantages, has been at the forefront of the world. But now many manufacturing enterprises say that "no one can be recruited ". The reason for this phenomenon is that many young people do not want to enter the factory, and at present, the workers in the factory are mainly middle-aged, so why is this phenomenon?

First of all, for the older generation, around 2000, domestic employment opportunities are relatively small, many people's first choice is to enter the factory, and the treatment of the factory is relatively good, so many people are proud to enter the factory to work. But for the new generation of young people, because of the more jobs in society, so more selective. In addition, domestic manufacturing has developed for many years, most of the enterprises have been turned into private enterprises, and welfare benefits have declined a little, so this is why young people do not want to enter the factory to work.

From here we can see that the most fundamental reason why young people do not want to enter the factory is that society is developing rapidly and people have a lot of opportunities to choose. Some netizens also said that the reason why they do not want to enter the factory to work, mainly because the factory's work content is too boring, and the space for salary increases is also limited. In addition, there are many new industries in society, and there are more opportunities or hope to be able to achieve income growth through their own efforts.

 It is not difficult to find that young people do not want to enter the factory, the main reason may be these points. But from the reality, it is precisely because young people do not want to enter the factory, now the pressure of the factory is also relatively large, the most direct question, is when the older generation of workers retired, the factory's "flag" by who to carry it? First of all, if factories want to attract more young people, improving welfare and income must be the most critical issue. Second, young people should also enhance their sense of responsibility and find a suitable industry.

 But how difficult manufacturing is now, as in our precision plastic injection molding industry. Now enterprises are difficult to survive, the environment external trade disputes, internal labor prices raw materials, can not afford.

 The country should realize this problem, otherwise, the manufacturing industry is gone, then the country's fundamental development power is gone.

How can foreign trade enterprises save themselves after the sharp appreciation of the RMB?

"I don't want to settle my foreign exchange! But fear of further appreciation ."

 Faced with a sharp appreciation of the yuan, hit a new high in more than a year, CNMOULDING precision mold companies quite contradictory.

 Since the usual orders are settled 90 days after shipment, and the exchange rate between the dollar and the renminbi at the time of the order is still about 7.1, it now fluctuates to about 6.8, with a direct loss of 4%," net profit was suddenly appreciated to rise ".

 Under the impact of anti-globalization and global epidemic, the already complex foreign trade situation is becoming more and more severe. The recent sudden appreciation of the RMB has made its foreign trade business worse.

 Although exchange rate fluctuations are a familiar risk for foreign trade companies, under heavy pressure, falling straw also becomes heavy.

 Loss of net profit and difficulty in raising prices

For foreign trade products such as plastic injection molding products, the appreciation of the RMB by 4% is a direct net profit from most orders.

 Foreign trade orders for plastic products are in June ~ August, while foreign exchange settlement peak is after September. This also means that when large-scale orders were placed, the yuan was about 7.1 against the dollar, and by the time the foreign exchange settlement was directly more than 6.8, the magnitude of the loss could be imagined for commodities such as plastic products.

 In order to cushion the exchange rate risk, the company will usually take some export products to lock foreign exchange measures," this sudden appreciation of the renminbi is somewhat unexpected, appreciation speed is also relatively fast, many have not had time to lock foreign exchange ."

 Lock foreign exchange refers to forwarding settlement and sale of foreign exchange business, that is, determine the exchange price before, the actual foreign exchange income and expenditure occurred after. In order to reduce the impact of exchange rate fluctuations, some foreign trade companies will adopt the method of locking the exchange rate in advance to reduce the risk of two-way fluctuations.

 However, the lock itself also has the risk, in the future exchange rate trend is relatively clear and stable, the company can lock the exchange rate in advance to reduce the loss caused by the exchange rate rise or fall. But if the judgment is not accurate, the lock will affect the profit instead.

 A few years ago, the trend of the renminbi suddenly changed from appreciation to a sharp depreciation, we were caught unprepared, but also let them hold an emergency meeting, immediately stopped the lock-in operation.

Search in danger

 Compared with the export of traditional industries such as clothing and textile, the export of products such as bicycles and laptops in the epidemic situation has risen against the trend and even ushered in a blowout, which has given them some initiative.

 Yiwu Longda vehicle business operator Wu Yaping told the first financial reporter, this year is the best year in 20 years of business, and the past New year and Christmas before and after the peak season, this year since May has been the export season. The market in short supply allows them to choose ways to facilitate their transactions, such as all orders are settled in renminbi.

 "Because of the uncertainty of the overseas epidemic, we are worried about the impact on the settlement of foreign exchange, so we all set up a settlement in RMB, and don't worry about exchange rate fluctuations ." Wu Yaping told reporters that some customers want to do a letter of credit, was also rejected. According to her estimate, exports this year are at least three times those of last year.

 As an early exporter of electric bicycles, Suzhou Mengshi Intelligent Vehicle Technology Co., Ltd. increased its exports by 2.5 times in the second quarter. For them, the fastest-growing overseas market in the United States, followed by the European region.

 Although the industry is growing against the trend, factors such as the epidemic and the US election still have a greater impact on the company's overseas services, and the future situation is difficult to judge, Zeng said. In order to cushion the impact of trade friction, they have laid out overseas assembly plants and plan to base themselves on online sales to lock in more young people.

 On the impact of RMB appreciation, in the foreign trade industry for more than 20 years Meng Zhuo also looked far away.

 Meng believes that keeping the renminbi high makes foreign exports more difficult, but it will also have other effects, such as expanding the renminbi's share of the world currency, preventing Chinese capital outflows, and increasing imports to reduce surpluses with countries such as the United States. These benefits may well outweigh the temporary loss of exports.

 The so-called crisis has always been in danger. The rise in the RMB exchange rate is not conducive to exports but to imports. Under the background of the domestic and international double cycle, improving the added value of products, trying to increase for enterprises to improve the added value of products, try to increase imports and open up domestic markets.

Nomura: China's economy is expected to grow 9.4% in 2021

 $3 trillion into China

All indications are that more and more global money will accelerate into the Chinese market. As expected, things have made the latest progress. According to a new report published by Nomura, the GDP, of China for 2020 and 2021 increased from 1.7 percent and 8.8% to 2.2% and 9.4% respectively.

Another development is that Russian media reported on RT9 9, a new survey found that 92.1% of American companies in China still plan to continue production operations in the Chinese market and do not leave. Mark McPlus, known as the "Godfather of emerging markets," said recently that our position in China is the largest. Our revenue target is 20% per year. In the next 10 to 20 years, we expect China's opportunities to continue to expand.

 'I've always been bullish on China,' he said because since I first came to China in the 1970s and began investing in China in 1987, I've seen how the Chinese are making progress for a richer life, which is incredible. China's rise as one of the world's fastest-growing countries is encouraging and offers investors like me an excellent opportunity to invest in world-class Chinese companies. These companies have the highest return on investment in the world and the fastest profit growth in the world. This also confirms, we have mentioned many times, the Chinese market is becoming the world's most important investment harbor.

At the same time, global investment banking institutions, including Goldman Sachs and west pacific bank of Union Bancaire Privee、, have adjusted their forecasts for yuan assets over the past two weeks to see the yuan strengthen. Most institutional investors believe that short-sellers have begun to concede.

 UBS recently said that the Chinese market is attractive globally because China's GDP share of global GDP is increasing year by year. Nevertheless, the proportion of international investors holding renminbi assets is actually not high compared with the proportion of GDP. In addition, Chinese assets account for only 4% of the MSCI global index, which means that there is more room for future international investors to invest in the renminbi asset market.

In the bond market, for example, Bloomberg reported earlier that renminbi bonds were more attractive than dollar bonds and German bonds. Foreign institutional investors held up 2.344 trillion yuan in Chinese bonds in July, up 38 percent from June, a record high and the 20th consecutive month, according to the latest data released in August.

 Global asset manager Jingshan earlier said the move was expected to attract about $1.2 trillion into china's bond market over the next five years as Chinese government bonds and policy bank bonds are officially incorporated into more international bond indices. Market participants said the chances of Chinese government debt being included in FTSE's global government bond index later in September were high, and Standard Chartered said it expected larger inflows by 2021, totaling about 2 trillion yuan.

This further confirms the view that more and more money will flow into the Chinese market. Just as Wall Street's commodity king, known as the most visionary Wall Street investment master, billionaire Jim Rogers has been a staunch fan of the Chinese economy. He believes that RMB assets will become one of the most important monetary assets of the 21st century. Long-term investment in the Chinese market is a wise choice for global investors.

 Not only that, Charlie Munger, partner of Warren Buffett, a stock god, said publicly a few weeks ago that China's capital markets were a better choice. And Forbes.com recently published a review entitled "Why Buffett sees China ", Buffett said the Chinese economy is destined to have a bright future. That means Buffett and his partners have long been bullish on the Chinese economy.

 Also worth mentioning is the success of Miriam Turk, chief executive of Canadian Clear Blue, who invested in a Chinese auto company through Buffett, praised China's strategic layout and global investment vision, and called on the United States to learn from the Chinese economy.

Forecast US Election 1

  Four years ago a scene again! Biden is not as good as Hillary Clinton

      At present, the US election has entered the stage of white-hot, due to Wisconsin, the outbreak of two sensational shooting incidents across the United States, became the first central stage of Trump, Biden sprint stage. In two separate shootings, a black man was paralyzed with seven shots fired by a police officer; a white teenager killed two protesters with a rifle.

 Before this series of events, Wisconsin wasn't actually a swing state because Trump was

 The state's approval rating is fairly stable, and Biden can not win the state if everything is at peace. Just because of the two shootings, Wisconsin became the quot; epicenter of the quot;& quot; movement, giving Biden a chance.

 Yet Biden didn't take the opportunity. He followed Trump back and forth to Kenosha, Wisconsin, to win white support, and again to emphasize & quot; law and order & quot;, Biden to do so

 Let the local black voters all fall to themselves, the result is too hard, the light bulb was invented by black people.

Biden's words offended all white Americans. This is all about drawing a snake, trying to get black support, scolding Trump, and & quot; black life is expensive & quot; so far, there are not many black people supporting Trump, Biden to Kenosha to show concern. It's hard to understand that it has to be black or white like Trump.

 Trump gave up black voters because there were so many white voters that it was extreme,

 Foment the fire, stimulate the black to do things, let the white people fall to their own side.

 But for Biden, there are so many black voters who have won, and now all they have to do is fight

 Some of the white voters, and as a result, more white voters are offended for the black votes they have, This operation is wrong.

Biden has been in the presidential election since the late 1980s, but he hasn't been elected by the age of 80,

 This is not unreasonable. American elections have a very important subjective element —— charisma,

 It can be simply understood as personality, Trump is a very personal person in the eyes of Americans.

 That's exactly what Biden's biggest weakness is, and it's a common feature of traditional U.S. politicians. That's what Biden's draft platform was released before, and it's nothing new at first glance, it's all about Obama's style

 Copy it. Obama has been working for eight years, Biden for a few more years, has been restless Americans how can stand?

 As the election drew near, the scene of four years ago was repeated, and although Biden still had an advantage in some swing states, the gap with Trump was narrowing.

 The same was true of Hillary Clinton four years ago, who kept ahead, but the closer she was to the election, the smaller the gap, until Trump reversed it. But there was no new crown four years ago, and Hillary and Trump did their best in the end.

In recent years, the United States government is not very friendly to our country, and the relationship between the two peoples is really good.

 It is hoped that the US election will be resolved as soon as possible and the two sides will resume the road of cooperation. Give us some opportunities for these foreign trade manufacturing companies.

China's Declining Fertility

  Fertility has declined all the way, and the post-00s are nearly half a billion less than the post-90s

   When it comes to the aging of the population, many people feel that they are still "in their prime" and can not feel how serious the aging population is. But the birth rate of newborns has been declining, and young people must have a clear perception. After all, more and more young people...

 In the early days of the founding of the people's Republic of China, China's population was "40,000 people ", that is, the total population of 400 million people, a century later, China's population directly forced 1.3 billion people, and the demographic dividend also made China's economy move forward at full speed. But with the increasing population, the development of the country has also been hindered, so the family planning policy has been implemented.

 In the 1980s, the country carried out family planning because too much population hindered economic development, and the implementation of the family planning policy could avoid the risk of overpopulation in China. But with the passage of time, we never thought that the demographic dividend has become "aging aggravation ".

Because the fertility rate has been low, China's aging problem is obviously accelerating seriously. As the problem becomes more and more serious, the state has liberalized the two-child policy. But since 2017, the birth rate has been declining. This also shows that the two-child policy has not raised people's "fertility" interest.

 In 2017, when the two-child policy was officially liberalized, the number of newborns in China was 17.23 million, but by 2018, the "fierce birth" situation that experts expected did not appear, but the number of newborns fell, just 15.23 million. By 2019, the number was even smaller, with 14.65 million newborns born.

China's fertility rate has fallen, which is an indisputable fact, although the state introduced policies to reward multi-child families, still can not avoid young people's "marriage, infertility" social phenomenon. And the distribution of population institutions in society is also releasing dangerous signals.

 According to relevant data, the current population of China's post-90s population is 11.72 million fewer than the post-80s population. As the main force of the labor force, the post-90s is a highly expected group. Look at the total population after 00, compared with 90 less than nearly 47 million people, rounded is half a billion!

For young people who do not want to have children, some say it is because of money, others say it is because of changes in mind. No matter which factor it is, it is "true ". According to the current fertility rate, will anyone want to have children in the next ten years? We can't imagine the answer.

Our manufacturing industry is upgrading, from low-end processing to their own R & D products.

 There will be no more jobs in the future, but high-end employment demand is still large, such like automotive injection molding service. So the population is a productive force or a very important direction for our country.

Huawei alive, the world's first cloud mobile phone release

  A sharp Huawei

      Huawei is a heroic company, people are very supportive of Huawei electronic products. First of all, Huawei has their own hardware advantages —— self-developed chips, this is the pride of the people, domestic can not find a second company; second, Huawei and the United States tit-for-tat, uncompromising, let people see what is called bone; Finally, Ren Zhengfei's personality charm.

   

Many people say Huawei's mobile phone premium is too high, but Huawei has its own reason. Huawei is not a listed company. Every year, research and development investment is very high. Scientists from all over the world are scrambling to cooperate with Huawei. Many internationally renowned colleges and universities have designated Huawei companies as partners, so mobile phone prices should not be too low.

 Companies like this are the pride of the Chinese people. In the past, doing business and opening a company was nothing more than trying to be bigger and stronger, but in the 21st century, they did not need such companies but called for companies like Huawei with culture and integrity. However, such a small private company has been suppressed by the United States D, is really angry.

 Huawei mobile phones, in particular, can not only produce their own Kirin chips, or even by third-party chips. They thought that there would be great difficulties this year, and as a result, Huawei lived, they Huawei "find another way" and came up with another way. That is a "cloud mobile phone ".

 Huawei world's first "cloud mobile phone"

 Huawei is not just a mobile phone company, its cloud service is also very famous, no less than Ali cloud because its cloud server chip is a self-developed Kunpeng chip. Cloud service is based on cloud computing technology, cloud computing is the product of the development of the network to a certain stage, the network can share resources, cloud computing to the limit of resource sharing is a computer working mode.

At present, there are three kinds of computer working mode, one is the single-machine mode, which refers to the data, program, the hardware is all on the local computer, the other is the network mode, which connects the computer through various communication technologies and uses the data, programs and hardware of others.

 On September 1st Huawei released the "cloud phone" as a service Huawei Cloud virtual dozens of phones on cloud servers that users and or businesses can buy and connect to "cloud phones" through their old phones, even if disconnected. Cloud phones are still online.

 Its advantage is that it can change the configuration of "cloud mobile phone" at will according to the needs of users, monthly billing, after purchase, can also regret, even with the "cloud storage "," cloud game" function, do not require how powerful the old mobile phone, as long as there is video decompression ability, you can run high configuration games.

 More than enough domestic lithography machines

 Can say, Huawei mobile phone lives, use "cloud service" release "cloud mobile phone ", do not need a unicorn chip, just need Kunpeng chip, a Kunpeng chip can virtual dozens of" cloud mobile phone ", too cost-effective! Moreover, because Kunpeng is a server chip, the process requirements are not as strict as mobile phone chips, to consider heating and other issues.

 That is to say, the Kunpeng server chip can be second to none, using a domestic 28 nm process, or even 56 nm. As long as the performance of the heap can be achieved, without considering power consumption, the use of domestic light technology is more than enough.

 After the popularity of the five G, the network connection speed is greatly improved, and the connection speed with the "cloud mobile phone" is super fast, then the demand for local mobile phones will be reduced, and semiconductor enterprises such as TSMC will definitely be affected.

As big as the country, as small as individuals, relying on other people's charity is not able to live, we plastic injection products also rely on their own.

 To improve your strength is the king.

Up! Up! Up! Why is the appreciation of the RMB so fast?

 A few months ago, people who traded yuan for dollars, The intestines may be green these days. Because the yuan is rising, And the dollar is falling. The median exchange rate of the yuan against the dollar on 29 May was 7.1316, On 2 September it was 6.8376. From 7.1316 to 6.8376, If we exchange $50,000, It was 356 thousand and 58 yuan, It's only 341880 RMB today, Can save 14700 yuan. Visible, How much the yuan has risen recently.

Data show The yuan's median exchange rate against the dollar has risen to a high for more than a year. The People's Bank of China authorized the China Foreign Exchange Trading Center to announce, On September 2,2020, the intermediate exchange rate of RMB in the interbank foreign exchange market was 6.8376 yuan, Up 122 basis points from the previous trading day. The yuan's median exchange rate against the dollar has risen for seven consecutive days, Set a new high since May 14,2019. The offshore and onshore RMB exchange rate against the US dollar is also "a rise ". 1 September, Both offshore and onshore yuan rose to the 6.82 marks, Among them, The offshore renminbi was once set to a record high of 6.8134 since May 2019, The day rose more than 400 points. For a moment, Why is the RMB exchange rate strong, Whether the RMB appreciation trend can continue, Become the topic of market concern and hot discussion.

According to the experts interviewed, The main reasons for the yuan's strength are three aspects: 

one is the weakening of the dollar index.

 In general, The strength of the dollar index is inversely related to non-dollar currencies such as the renminbi, You're strong, I'm weak, If you're weak, I'm strong. Data show, Since late May, The dollar index started falling, More recently, it fell below 92, Set a new low since early May 2018. Wen Bin, the chief researcher at Minsheng Bank of China, told Xinhua, Because of the Fed's sky currency, In anticipation of a weaker dollar, The dollar index continues to fall, Non-American currencies, including the renminbi, have appreciated. In the view of CITIC Securities fixed income chief analyst Mingming, The Fed has launched an unprecedented massive monetary easing since the outbreak, And the Fed has adjusted its monetary policy framework, the introduction of "average inflation system ". July, U.S. bond yields that have been held down further, At the same time, the dollar index is basically from late July opened the "dollar shortage" after the end of the second phase of a significant decline. 

Second, China's economic fundamentals continue to improve. 

"China's epidemic prevention and control have achieved remarkable results, China's economy continues to improve, Major economic indicators are improving, China was the only major economy with positive growth in the second quarter, This is strong support for the yuan ." Wen Bin said. According to the NSO, China's economy continued to recover steadily in July, Among them, For the first time in July, retail sales grew from negative to positive, Export growth reached double digits. And the latest announcement of the August manufacturing purchasing manager index, non-manufacturing business activity index and comprehensive PMI output index, the three indexes have been kept above the critical point for six consecutive months. And clearly, The stronger yuan is also a reflection of China's economic fundamentals. From the performance of the manufacturing PMI index, After a precipitous fall in February, China's economy continues to recover, Both the World Bank and the International Monetary Organization predict that China will be the few countries to achieve positive economic growth this year, Therefore, after the outbreak of domestic fundamentals to provide important support for the RMB exchange rate.

 Third, RMB assets are popular. 

Wen Bin points out, China is continuing to open up financial markets, International investors are bullish on China's economic prospects and renminbi assets, Foreign capital continues to flow into China's capital markets, It is conducive to the appreciation of the RMB. According to data recently released by the State Administration of Foreign Exchange, July, The net increase in foreign capital holdings of domestic listed stocks and bonds increased by 1.4 times over the same period last year, The balance of foreign exchange reserves is growing for four consecutive months. Mingming said, In the context of global central bank easing, The People's Bank of China's monetary policy remained cautious and determined during the outbreak, The spread between China and the United States remained high, The attractiveness of the yuan's assets has increased significantly, This also promoted the strength of the RMB exchange rate. As of 28 August, A representative spread of more than 230 basis points on China-US 10-year bonds, The wider spread between China and the United States and the higher returns on the renminbi's assets inflows of foreign capital, The appreciation of the RMB exchange rate plays a role in promoting. 

What is the future trend of the RMB exchange rate?

 In general, Appreciation is conducive to import, travel abroad, consumption and study abroad, But it will have a negative impact on exports. Actually, our mold manufacturing business already slows down. the more bad news is injection molding business will worse even because of the exchange rate dow.

 So, For the currency, The outside world is also very concerned. For the next phase of the RMB exchange rate, Wen Bin's analysis, In the short term, Because China's economy continues to pick up, International investors are bullish on capital markets, Continued inflows of foreign capital, These factors are expected to further boost the appreciation of the renminbi. But, uh, In the medium to long term, With the further marketization of the RMB formation mechanism, The RMB exchange rate will maintain two-way fluctuations at a reasonable equilibrium level.  Clearly, analysis, the yuan exchange rate strength or will continue, but in view of the possible risks in the future, including global risk aversion, Sino-US relations and asymmetric capital controls, the yuan exchange rate may show a slow slope appreciation trend, short-term RMB exchange rate range or 6.7~6.8. At the same time, it should be noted that the continued appreciation of the exchange rate may have a certain impact on Chinese exports and manufacturing. China's monetary policy implementation report for the second quarter of 2020, issued by the central bank in August, proposes to deepen the market-oriented reform of the exchange rate, improve the floating exchange rate system based on market supply and demand, with reference to a basket of currencies, maintain the flexibility of the RMB exchange rate, and give full play to the role of the exchange rate as an automatic stabilizer for macroeconomic and balance of payments adjustment. Stable market expectations, maintain the RMB exchange rate in a reasonable equilibrium level of basic stability.