In the past year, every 100,000 U held has decreased by 40,000 RMB on paper.
As the Spring Festival approaches, I recommend not withdrawing funds unless necessary. Don't freeze your card, sell at low points, and there's no need to hold large amounts of cash.
A country that is export-oriented inherently lacks the foundation to dominate global currency tides, not to mention, this currency cannot be freely exchanged.
Externally, there is a narrative of appreciation, but it is very clear that internally, what we have long endured is actual depreciation.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【¥ breaks 7, USDT drops to 6.84.
In the past year, every 100,000 U held has decreased by 40,000 RMB on paper.
As the Spring Festival approaches, I recommend not withdrawing funds unless necessary. Don't freeze your card, sell at low points, and there's no need to hold large amounts of cash.
A country that is export-oriented inherently lacks the foundation to dominate global currency tides,
not to mention, this currency cannot be freely exchanged.
Externally, there is a narrative of appreciation,
but it is very clear that internally, what we have long endured is actual depreciation.