Positive impact:

1, which is beneficial to China's imports.

2. The cost of raw material manufacturers that rely on imports has dropped.

3. The ability of domestic enterprises to invest abroad has been enhanced.

4. The profits of foreign-invested enterprises in China increased.

5. It is beneficial for talents to study and train abroad.

6. Debt repayment pressure is reduced.

7. It is more cost-effective to sell assets in China.

8. The international status of China's GDP has improved.

9. Increase national tax revenue.

1, the international purchasing power of Chinese people has improved.

Negative effects:

1, RMB is not freely convertible under the capital account, which means that the mechanism for determining the exchange rate is not the market, and the change is meaningless.

2. The appreciation of RMB will bring greater deflationary pressure to China.

3. The appreciation of RMB exchange rate will lead to a decline in attracting foreign investment and reduce foreign direct investment in China.

This has done great harm to China's foreign trade export.

5. The appreciation of RMB exchange rate will reduce the profit rate of China enterprises and increase the employment pressure.

6. The fiscal deficit will increase due to the appreciation of RMB exchange rate, which will also affect the stability of monetary policy.