1. The exchange rate of RMB/USD appreciated to 6.69 on October 9, 2020, close to the highest level in 12 months. Please analyze whether this appreciation is reasonable and how will it influence the following companies:

• Mattel, as a toy manufacturer, gets about 70% of its Barbie Dolls, Hot Wheels cars, and other toys from China.
• Boeing, which has claimed that growing Chinese demand for planes will generate almost $3 trillion worth of industry business over the next two decades.
• Fuyao,which announced Jan 6, 2020, that was making a $46 million expansion investment at its plant in Moraine.
• Alibaba, whose affiliate Ant Financial spent $1.2 billion attempts to takeoverMoneygram (MGI) in 2018.