First, the main reason for currency devaluation is that the country does not have the independence and autonomy of financial and monetary sovereignty, as well as the competitiveness of its own industries in the world and the amount of foreign exchange reserves. The pyramid of the world currency is the five-eye union plus the European Union. They have financial and monetary hegemony and the pricing power of commodities plus futures, such as oil, copper, iron, steel, gold, silver and coal. On the one hand, European and American economic strength imposes military strength, so their economic discourse power is stronger. The international financial and trade system built in Europe and America is the most advanced, so an airplane will have 800 million pairs of pants, but when the pants change hands in the United States, it is 60 dollars.

Second, the current international trade division system is that Europe and the United States are in the upstream and developing countries are in the downstream, doing more and earning less. A typical Apple mobile phone can't make much money by assembling and producing parts together. 90% of the profits are taken away by Americans, and the chips have become more and more expensive in recent years. The price of imported chips exceeds the price of imported crude oil by hundreds of billions of dollars every year. Therefore, China is now engaged in industrial upgrading and technology at all costs.

Third, to put it bluntly, all developing countries are economically colonies of Europe and America. In terms of division of labor, they are upstream and you are downstream. From a monetary point of view, their monetary value far exceeds that of developing countries. It uses white papers to buy resources from developing countries, and then makes them into high value-added products such as computers, cars, laptops and airplanes, and sells them to developing countries. More importantly, it turns the industry into an exporter of resources, so that it will never turn over and the industry will colonize itself. Therefore, ordinary developing countries have no future. The reason why China can prosper is that there are 654.38+04 billion industrious people in China.

Fourth, it is useless to bind the rupee to the renminbi. It just wants to compete with RMB in the international market, keep the rupee exchange rate weaker than that of China for a long time, and give it an export advantage to China under the exchange rate advantage, thus constantly grabbing China's foreign trade market, just as China has used this strategy for a long time with the United States. But China has been industrialized, and it is difficult for India to copy China's road. It is ok to grab foreign trade orders from China, and it will cost a lot to maintain international competitiveness. China can use financial capital and industrial capital to invest in Indian production, and then India can produce products for us at low prices. We can also grasp the dominant position of industrial chain and benefit distribution like the United States.