Is the rise of RMB exchange rate beneficial to exports or imports?

The rise of RMB exchange rate is beneficial to imports.

Import refers to the purchase of raw materials, products and services needed by non-local residents for production or consumption. The purpose of import is to obtain lower-cost production inputs, or to seek monopoly profits of products and services that are not available in China.

Taxes:

Import duty-refers to the normal tariff levied by the customs of the importing country on domestic importers when foreign goods are imported. Foreign goods that directly enter the customs territory of the importing country or are intended to be transported to the importing country by free ports, free trade zones or customs bonded zones for domestic sales shall be collected when going through customs formalities.

Import tax is also an important means for a country to implement its foreign policy. Some countries will impose different tax rates on the same commodity from different countries according to the needs of political and economic relations, thus forming a kind of differential treatment. If this differential treatment is taken as the standard, import taxes can be divided into ordinary taxes, most favored national taxes, preferential taxes and universal preferential systems.

Imported patented products:

Imported patented products refer to articles that consist of or contain patented products and are imported into China. This has nothing to do with which country it is imported from and whether the imported products have patent rights in the manufacturing or exporting country. Imported products must be protected by the patent law of the importing country, otherwise it does not constitute the act of importing patented products.