Many indications that the exchange rate affects export business is still a sensitive nerve.
Known as China’s foreign trade “barometer”, and “weathervane,” said the 107th Canton Fair came the statistics, two export turnover of 8.46 billion U.S. dollars, up a slight increase of 2.1% in the 106th. The first two total export turnover 25.56 billion U.S. dollars, increased by only 7.1% year on year.
Fair spokesman, Deputy Director Chen Chaoren Trade Center introduced two exhibitors generally reflect emerging market buyers desire to purchase significantly enhanced recovery prospects on the international market, “they are also on the RMB exchange rate, the state policy sustainability and cost factors such as rising fears, closing more than a short one, the phenomenon is still a long one less conspicuous. “
Not open the exchange rate around
“The practical operation of the enterprise view, this ‘recovery’ depends on the global market changing to the background, but also and especially China’s foreign trade policy to keep RMB exchange rate stability are inseparable.” Attend the 107th Canton North American Tool Co., Ltd. Ningbo intersection chairman Mrs Li Zhong said.
And Yancheng in Jiangsu Province novel Electronic Lin Zhong, manager of million, the RMB exchange rate has always concerned about the changes. His company produces neon Advertisement Licensing and neon tubes, 98% of the products are exported to European and American countries. “If the yuan appreciation, our exports become more expensive in foreign markets and competitive advantage will be weakened.” He said.
Appreciation of the renminbi or even related to the survival of many businesses. China Textile Chen Shu-chun, vice president of industry association had said that at present China’s textile industry profit margin is only about 4%, the RMB appreciation will result in a large number of bankrupt textile export enterprises, enterprises will be unbearable.
According to the China Textile Industry Association vice president Gao Yong describes, in general, for every decrease of 1 billion may have thousands of workers unemployed, if the yuan continues to appreciate, textile industry may be becoming less and less tolerance.
“To maintain exchange rate stability is the most important thing.” Chongqing Lifan Industry Group Import and Export Co., Ltd. executives have told our reporter, Lifan thing most want to see changes in exchange rates, “If the yuan appreciation, the final victims or consumers. “
It is understood that this year’s Fair a long single to increase, enterprises are raw material costs because of the RMB exchange rate and uncertainty, and not dare to sign a long one. Guangdong, a daily business and overseas large supermarkets signed a one-year supply agreement, but added an additional protocol?? If the RMB exchange rate or changes in raw material costs more than 5%, or re-offer.
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