Doesn't it go the other way? If your currency decreases in value, exports go up because your goods priced in local currency can be had for less foreign currency

Doesn't it go the other way? If your currency decreases in value, exports go up because your goods priced in local currency can be had for less foreign currency. It makes Apple happy, theoretically. But it also means Chinese goods and services are more competitive globally, which will, of course, hurt the competition.