But now, the exchange rate has dropped to 8.7, so the price can be as low as 1.2 US dollars, which obviously increases the competitiveness.

Simply put, a high exchange rate is conducive to imports and consumption, while a low exchange rate is conducive to exports.

So in an era when China is dominated by manufacturing and export-driven economic growth, it is naturally better for the exchange rate to be lower.

After all, as long as product prices are low and competitive, China can export more products, earn more dollars, and create more jobs.

This is also the reason why the East Japanese economy stagnated after the Hiroshima Agreement and the forced appreciation of the yen.

After all, as the yen appreciates, Dongwa's products will naturally become more expensive and their international competitiveness will be greatly reduced.

And if there are fewer people buying your stuff, how can the economy improve?

However, a low exchange rate can easily lead to the exploitation of domestic production value and labor force abroad.

Anyway, all in all, the exchange rate is a double-edged sword. It is not simply a question of whether a high exchange rate is better or a low exchange rate. There are gains and losses. The final decision on the exchange rate depends on the situation of the country.

As for Qingtian, Fang Chen had already known that such a thing would happen, so he did not exchange the US dollars earned by the four Russian companies into Chinese currency, but all the US dollars.

If you need to spend money, try to spend the money earned during the period of Xiaobawang and Qingtian Communications.

After all, although he can't do it and relies on the exchange rate difference to earn money from China, there is no reason to just subsidize the country with his hard-earned money.

If he had just exchanged one billion U.S. dollars for it, and the next day the billion U.S. dollars of Chinese currency would be worth only 600 million U.S. dollars, wouldn't he be crying to death?

However, although Dean Zhu didn't say anything openly, he was sure that Dean Zhu was always complaining about him behind his back. Otherwise, why would he keep sneezing recently?

However, China's exchange rate has depreciated so much, and there is still bad news for Qingtian.

That is, Qingtian's output value calculated in Huaxia currency will also decline.

Now, the outside world has predicted that if Qingtian's output value does not continue to increase significantly this year, it may be difficult to reach 10 billion U.S. dollars. It is expected to be only about 8 billion U.S. dollars, and it is likely to fall outside the world's top 500 companies.
Chapter completed!