What does it mean to raise the exchange rate of RMB against the US dollar by a basis point?
Raising the basis point is to raise the price promised by the sales market. Under normal circumstances, the base point of RMB decline represents currency depreciation, and the upward adjustment represents RMB appreciation. The increase of RMB base point means that the exchange rate of RMB against the US dollar rises, indicating that the working ability of foreign exchange consumption capacity is weakened, and the goods that the same foreign exchange can buy in this country are reduced. In the world market, the prices of goods in this country will be more expensive, so the imports will be relatively reduced. Increased the surplus. On the contrary, the prices of foreign goods will become more and more cost-effective, which will help increase exports. What does it mean to mention the basic point above?