First, for the country, it is not conducive to its exports; For foreign countries, it is not conducive to their imports.

Second, it has an impact on some countries around China, such as Japan, where the appreciation of RMB also drives its stock to rise.

First, the benefits of RMB appreciation:

The appreciation of RMB may mean the improvement of RMB status and China's economic status in the world economy.

1) The wealth in the hands of ordinary people in China is more valuable. With the appreciation of RMB, the money in the hands of ordinary people is more valuable, and the global ranking of China's per capita GDP can also move forward.

2) The reduction of China's foreign debt pressure and the enhancement of its purchasing power.

Second, the disadvantages of RMB appreciation:

Affected by RMB appreciation, China's economic growth will slow down. It is manifested in four aspects:

1) RMB appreciation will affect China's foreign trade and exports.

2) Affect the comprehensive competitiveness of enterprises and many industries in China.

3) Destroy the long-term development of China's economy and cause the financial crisis in China to break out.

4) After appreciation, speculation is bound to prevail.

Third, in the face of global deflationary pressure, the world once again focuses on the RMB.