出口减少，进口增加，个人认为由于人民币升值导致国外对国内产品需求减少，我国对出口有一定依赖性，因而影响国内生产，所以GDP降低。

会减少世界范围内对熊猫的需求

Wealth is transferred within China.
• Losers: those who long dollars against RMB (PBoC, exporters and their employees)
  Winners: those who short dollars against RMB (everyone else - implicitly short dollars to the extent that there are imported goods in their life)

• Because much of this shift of wealth benefits households at expense of the state and manufacturers, one of the automatic consequences of a revaluation will be an increase in household wealth and, with it, household consumption. If household consumption rises, household savings will decline.
       
• Moreover, the higher RMB may reduce production in the tradable goods sector. The combination of higher consumption and lower production reduces the savings rate even more. If there is no change or not enough change in investment, China's trade surplus will decline even further.

China's growth will be more balanced.

这问题大到都可以写一本书去了-_-

简单来说，RMB升值有利于进口部门不利于出口部门。由于我国出口大于进口（经常项顺差），所以从直观上是不利于经济。

进一步来说，由于当前汇率是扭曲的，RMB升值反倒有利于调整国内经济结构，是我国经济结构调整的必要条件。

更进一步说，是中美经济再平衡的必要条件。

为什么说当前利率是扭曲的？