Is the depreciation of Taiwan dollar affected by the depreciation of RMB?

First of all, although cross-strait currency depreciation occurred in tandem, there is no necessary connection. According to the latest data, the mainland's economic growth rate remained at 7% in the second quarter, making it one of the few economies that can maintain steady growth in the global economic situation. On this basis, the People's Bank of China continued to promote the internationalization of RMB, and announced the reform of the central parity pricing method of RMB, which is a normal move in line with international standards, and this process is bound to be accompanied by fluctuations in the value of RMB. As the strength of the US dollar has become a global trend, the subsequent increase in the fluctuation range of RMB exchange rate has long been expected, and it was not deliberately done by the Bank of China. The depreciation of the new Taiwan dollar is the product of the continuous deterioration of the export situation in Taiwan Province Province. Since February this year, the export of Taiwan Province Province has been declining for six consecutive months, and the year-on-year decline in the past two months has even reached double digits. Devaluation to save exports has become the common voice of the industrial and commercial circles on the island. As early as last year, the yen took the lead in Asia and set off a wave of devaluation. Taiwan Province's export competitiveness is already weak, so it is helpless to follow up the devaluation.

Secondly, the economic physique of the two sides of the strait is different, and the problems and difficulties they face are also far from each other. In recent years, affected by the slow upgrading of Taiwan Province's own industry and the decline of its international competitiveness, the export-oriented economy is facing serious problems and the economic growth rate has declined seriously. 20 12 and 20 13 were below 3% for two consecutive years, and 20 14 barely reached 3.8%. It is predicted that the economic growth rate of Taiwan Province Province will drop to about 3% this year. Although the mainland's economic growth rate has dropped from 8% to 7%, the export growth rate is still high. The key difficulties are insufficient domestic demand, excessive regional development differences and ineffective structural adjustment.