RMB Appreciation Makes People Happy And Worrying.

Yesterday, the latest data from the China foreign exchange trading center showed that the central parity of RMB against the US dollar was 7.1069.

On the 11 day, the central parity of RMB against the US dollar reached 7.1029, the twentieth highest this year.

Since the reform in July 2005, the exchange rate of RMB against the US dollar has surged from 8.28 to 7.1029 today. The appreciation is quite obvious.

Is RMB appreciation good or bad for ordinary people?

And listen to what the citizens say.

MS Yang is a person who loves beauty and has a special liking for cosmetics in the world's top brands.

However, most of the brand cosmetics sold in domestic counters are expensive, which makes it a little hard for MS Yang, a wage earner.

Fortunately, Ms. Yang's friends often go abroad, and Ms. Yang also asked friends to help bring some cosmetics from abroad.

"Whenever a friend goes to the United States, I will ask her to bring me a Clinique: a bottle of lotion, a facial soap, and a moisturizer, a total of 45 dollars.

When my friend came back, I gave her the RMB directly, and the product of the previous 45 dollars needed to give her 370 yuan.

With the appreciation of the renminbi, and now friends bring cosmetics back, Miss Yang can only pay 320 yuan to friends, "saved 50 yuan at one time!"

Another big beneficiary of RMB appreciation is families with children studying in the United States.

Mr. Lee's daughter is studying at University of Chicago in the United States. She has scholarship and half tuition free. She needs to pay 20 thousand dollars a year for tuition, which is all borne by Mr. Li.

"At least 160 thousand yuan per year was paid to my daughter every year. In the past two years, the appreciation of the renminbi has been very fast. I have to pay less than 20 thousand yuan a year, which is much easier."

Mr. Li is very happy.

Xiao Liu is a college student. He always likes to write novels and spend time in his spare time on weekdays.

Over time, she wrote several stories.

With a tentative attitude, she cast novels into several publishing houses in Taiwan. Indeed, a publishing house hired her manuscript.

"Each book is about 60 thousand to 7 million words, the cost of the manuscript is US $450, and the publisher withholds the tax, which is 400 dollars.

Every 3 copies can increase the cost of $50.

The cost of writing a book in the past is about more than 3300 yuan.

I took it as private money and bought it myself. "These things are very good."

"But the renminbi has appreciated recently, but the royalties have been maintained at the original level.

The publishers say that the exchange rate between us dollar and NT dollar has not changed, so they still pay the same amount.

But I got less.

I can't get interested in writing.

Xiao Liu said.

Reporters learned that, like Xiao Liu, there were not many people who wrote books abroad, but some even full-time writers.

The appreciation of the renminbi has reduced the cost of their contributions.

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