September 21, 2024:

At the end of July this year, the middle class exchanged their 7.3 million into 1 million US dollars and deposited it in the US bank, earning a high interest rate of 5%. They were happy that they would have 1.05 million US dollars in their account next year. But in just one month, the US dollar suddenly depreciated, and now 1 US dollar can only be exchanged for 7.04 RMB, which means that the 1 million US dollars shipped out by the middle class can now only be exchanged for 7.04 million RMB. The middle class happily took 7.3 million RMB to Hong Kong by plane, queued for 7 hours, and saved the high-paying US dollars they had dreamed of. However, in just one month, their 7.3 million shrank to 7.04 million. The good show has just begun. According to financial institutions, with the US interest rate cut, the RMB exchange rate will appreciate by nearly 10%. In other words, 1 US dollar can only be exchanged for about 6.5 to 6.7 in the future. This means that the middle class. 7.3 million RMB was produced, and after a lot of trouble, it could only be exchanged for 6.5 to 6.7 million in the end, and hundreds of thousands disappeared in an instant. You seek US interest, but the US dollar is harvesting your principal.