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Fluctuations In Foreign Trade &Nbsp; Who Cares Most: The Yangtze River Delta Survey: Foreign Textile Enterprises Are Quoted According To The Price Increase.

2011/1/13 9:24:00 75

Foreign Exchange Rate

Today, the renminbi is against the US dollar.

exchange rate

The median price is 6.6128, and then the exchange rate has changed to a new high.

Since December 1, 2010, the exchange rate of RMB against the US dollar has risen from 6.68 to 6.61 in just over a month.


The rally will continue.

"In the coming period, the appreciation of the renminbi will affect China.

foreign trade

The biggest uncertainty factor.

Zhang Handong, director of the Provincial Center for international economic and trade research, said.


Who gains, who is damaged, at the beginning of the new year, around the renminbi.

appreciation

All kinds of suspense come face to face.


Export enterprises: raise the quotations of the Canton Fair


"Are you surprised by the recent appreciation?" "no surprise."

This afternoon, facing reporters' questions, Huang Mandong, the business manager of Zhejiang Huanyu Valve Co., answered calmly on the phone.


This kind of "calm" seems to be wrong, because the most sensitive to RMB appreciation is undoubtedly export enterprises.

However, several of the export companies interviewed by reporters today are mostly like Huang Mandong.

In this regard, Huang Mandong explained that "we all have appreciation expectations."


The mood is calm because the response has already started.

The Autumn Fair will be held in April 15th. Jiang Yimin, chairman of Zhejiang new great group, revealed that he had already asked the company's salesmen to raise the export quotations according to the judgement of the appreciation.

He told reporters that "new big" exports about 300 million US dollars per year in textile and clothing. Such a large volume of exports, textile and clothing profit margins are small. If the price is not considered in the future, the losses will almost be confirmed.


But raising export quotations is not easy.

Jiang Yimin complained that it is not easy to persuade merchants to accept the rise in prices. Old customers are more likely to pull new customers.

Moreover, because of the expectation of appreciation, long lists and large orders must not be changed to short lists or small orders, which will also increase operating costs.

"I feel very awkward, sometimes I can't wait to get a step up, but I can't afford to go too fast."

He said.


To deal with appreciation, price adjustment is only a temporary policy. To truly extricate itself from the problem of revaluation, we must find a new way of life.

Many Zhejiang exporters are aware of this.

Fang Xiaodong, general manager of Pinghu's "Si Jia" company, told reporters that most of the export orders will be outsourced in the future, and exports will gradually evolve into order merchandising and quality control.


Importing enterprise: the account does not contain US dollars.


If the appreciation of the renminbi means an uncertain risk amplification to the export enterprises, it means a definite return for the import enterprises.


The provincial scientific equipment import and Export Co., Ltd. is a specialized import company of precision inspection equipment in our province, and exported to US $about 50000000 in the first 11 months of 2010.

General manager Xie Tun told reporters that, like export orders, import orders have a longer cycle. This year's orders may have been determined last year, and the impact of exchange rate changes is also obvious.


Appreciation is beneficial to imports. The import growth of the provincial scientific equipment import and export limited liability company in recent years can also be clearly seen.

After the reform in 2007, the annual import volume of the company increased from US $about 30000000 to US $about 50000000 in 2009.


Of course, for imports, the appreciation is not entirely joyful.

Xie Tun told reporters that a small annoyance, before their company has a dollar account in the bank, there will always be a certain amount of dollars in it, now do not dare to deposit, directly settled, because the RMB has been appreciated, the dollar account is too risky to shrink.

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