1) Export factors. Because of the sluggish world economy, especially the impact of the European debt crisis, foreign purchasing power has declined and demand has decreased significantly. Therefore, foreign trade exports have experienced a sharp decline and the recession in 2012 is expected, resulting in a significant reduction in the amount of US dollars flowing in. At the same time, domestic prices are rising, labor costs are also rising, and the prices of export products are also rising. The profits of foreign importers will accordingly reduce the amount of imports.

2) Import factors. In recent years, my country has gradually expanded its imports, including oil imports and increased imports of American products.

3) Immigration factors and overseas investment. Expectations of falling housing prices and sluggish business operations have caused some wealthy people and entrepreneurs to immigrate abroad with large amounts of money. In recent years, many companies have gradually opened factories overseas and made various foreign investments.

To a large extent, these reasons have prompted the RMB to depreciate rather than continue to appreciate. It has fallen below the limit for six consecutive days.