For example, China owes Russian foreign debt of 654.38 billion US dollars. In the financial turmoil, currencies of all countries in the world generally depreciate, and the dollar will depreciate accordingly. If the RMB depreciates, it can be exchanged for more dollars accordingly. The original foreign debt with actual purchasing power of $6,543.8+$00 billion may be repaid by paying the actual purchasing power of $7 billion due to inflation and currency depreciation. At this time, Russia can only eat dumb losses.

However, when Premier Zhu announced that RMB would not depreciate, it was because China wanted to maintain the stable growth of the foreign trade environment at that time, which improved the credibility of RMB in international circulation.