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preface

rmb appreciates greatly! as august comes to an end, the upward momentum of rmb exchange rate remains strong, with the latest exchange rate appreciating by 110 points to 7.1180.

this wave of appreciation of the rmb is largely due to the weakness of the us dollar. after the federal reserve's september interest rate meeting, the us dollar index is expected to accelerate its decline, and it seems inevitable that it will fall below the 100 mark this year.

from the perspective of the fundamentals of the domestic economy, the long-term positive trend remains solid, which provides solid support for the rmb exchange rate. not only that, the rmb exchange rate may continue to rise, showing more upward potential.

news

1. the photovoltaic industry is currently facing the challenge of imbalance between supply and demand. in particular, the price war for silicon wafers has reached a white-hot stage. this has become a consensus within the industry.

huaan securities' research report pointed out that by the middle of 2024, the main industry chain companies in the photovoltaic industry have entered a situation of comprehensive losses, and cash flow is so tight that it can only sustain losses for a maximum of two years. however, considering the cash flow situation, the industry may have reached the end of the downward cycle.