If the renminbi and the US dollar circulate freely, they will appreciate instead of depreciating... The purchasing power of 1 US dollar in the United States is not stronger than the purchasing power of 7 renminbi domestically.

Currency exchange is now a crime!
Why are they so afraid?

The massive issuance of the renminbi is not just because of the soaring real estate market that has trapped most of the renminbi; the renminbi has depreciated by at least 10 times.

Our foreign exchange reserves total less than 3 trillion US dollars. If all were to be exchanged, the corresponding renminbi should be 21 trillion renminbi. So how could they possibly allow you to exchange freely?

Don’t think about converting back to renminbi; once you do, it will be very difficult to get back in. Because of various card freezes and warm phone inquiries.

The digitalization and internationalization of the renminbi are just tricks to deceive the Chinese people; nobody uses it internationally, and digitalization simply saves on printing costs by changing it to numbers.

The economy is on the verge of a cliff-like collapse; young people need jobs, foreign enterprises are accelerating their withdrawal, and domestic companies simply do not need that many people. Products cannot be sold at all; right now, the upper management holds a terrible hand and has no idea how to play it.