人民币又贬了？48点不算啥！专家：越贬越值钱

Core Viewpoint - The recent depreciation of the RMB by 48 basis points is not a negative signal but rather a potential step towards the internationalization of the currency, indicating a shift in China's economic strategy [3][10]. Group 1: Understanding the Depreciation - The central bank set the RMB's midpoint at 7.1467, a depreciation of 48 basis points from the previous day, which translates to an increase in the cost of exchanging USD for RMB [4][5]. - Compared to historical fluctuations, the current depreciation is relatively minor, with the market showing calm reactions, indicating that this is an "active adjustment" rather than a panic-driven depreciation [5][6]. Group 2: Economic Context - The RMB's exchange rate is influenced by the ongoing economic tensions between the US and China, with recent US tariffs and investment restrictions failing to destabilize the RMB as they have in the past [6][7]. - China's economic fundamentals, such as a GDP growth rate of 5.2% last year and a foreign exchange reserve of 3.2 trillion USD, provide a strong backing for the RMB, allowing it to withstand external pressures [6][7]. Group 3: Structural Changes - The People's Bank of China (PBOC) is shifting towards a "low-interest currency" strategy, with recent interest rate cuts aimed at enhancing competitiveness and facilitating the RMB's role in international trade [7][8]. - This strategy is intended to support the RMB's internationalization, allowing for greater flexibility in exchange rates while promoting economic vitality [8][10]. Group 4: Impact on Individuals - For individuals not engaged in foreign transactions, the depreciation has minimal impact, while those who frequently travel or purchase imported goods may see slight increases in costs [8][9]. - The depreciation does not necessitate immediate currency exchange actions, as the potential risks associated with currency fluctuations may outweigh the benefits of holding USD [9]. Group 5: Future Outlook - In the short term, the RMB is expected to stabilize around 7.2, with the central bank likely to intervene to prevent disorderly declines [11]. - The long-term perspective suggests that the RMB will continue to evolve towards becoming a "hard currency," reflecting China's economic strength and manufacturing capabilities [11].