Core Viewpoint - The article discusses the potential appreciation of the Chinese yuan to 6.0 within the next decade, exploring the motivations behind this shift from a historically stable exchange rate to a push for yuan appreciation [1][3]. Group 1: Reasons for Promoting Yuan Appreciation - Promoting a steady rise in the yuan can lower the costs of energy and raw material procurement, as China's industrial structure has evolved from low-end manufacturing to a more competitive mid-to-high-end manufacturing sector [3][4]. - The yuan's appreciation could significantly increase per capita GDP, as the current economic situation in China is undervalued compared to other countries, with a potential 10% appreciation leading to a 10% increase in GDP [4]. - Addressing the trade imbalance is crucial, as China's trade surplus reached $1 trillion, indicating strong competitiveness but also necessitating adjustments in trade structure [4][6]. Group 2: Motivations Behind Yuan Appreciation - The substantial trade surplus and resilient economic growth, even amidst global economic challenges, provide a stable foundation for yuan appreciation [6][8]. - The decline of the US dollar, which has entered a rate-cutting cycle and lost 8% of its value this year, contributes to a growing distrust in the dollar, prompting a shift towards the yuan [6][8]. - The increasing global demand for yuan payments, with China's manufacturing surpassing 30% of global output, supports the ongoing internationalization of the yuan, projected to rise from 5% to 15% market share by 2035 [8].
人民币时代即将开启,十年内将升值到6.0,背后的四大动力揭秘
Sou Hu Cai Jing·2025-12-25 20:26