• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Foreign Shoe Companies "Look Forward To" The Continued Appreciation Of The RMB

    2010/10/13 14:45:00 46

    Foreign Exchange Of Footwear Enterprises

    On October 13th, on the one hand, the decline in domestic purchasing power of RMB has led to a sharp rise in the cost of production in Renminbi; on the other hand, the cost of production has risen sharply.

    RMB

    The appreciation of foreign currencies has led to a sharp decline in the actual Renminbi yield of export products that are quoted steadily in foreign currencies all the year round.

    As a result, while China's exports earn a high level of innovation,

    Exit

    The profit margins of manufacturers are declining rapidly.


    In the wake of almost all sides of the world urging, oppressing or looking forward to the appreciation of the RMB exchange rate, the international community has overlooked one of the most fundamental and important facts: the real purchasing power of the renminbi in China has dropped sharply in recent years.


    What is the internal derogatory and external misplacement of RMB?


    In recent years, China's domestic food and consumer goods prices have risen sharply, the prices of raw materials and wages have been rising, and real estate prices are soaring nationwide.

    This shows a very simple economic common sense: now a dollar yuan is worth less than the yuan in the past. For example, in 2005, a shoe factory in China basically needed only 50 yuan yuan.

    Material Science

    A pair of Nike sneakers will be produced by salary and other costs. In 2010, it may take 60 yuan or even 70 yuan to produce a pair of Nike shoes of the same quality.

    Another example is that in the first tier cities of Beijing and Shanghai in 2005, the average housing price may be only about 8000 yuan / square meter, and the price in 2010 may be far more than 1 yuan 6000 yuan per square meter.

    The significant decline in the purchasing power of the renminbi in China's domestic market is a simple and easily verifiable fact. It is not necessary to rely on obscure economic theories to confirm and puzzle out the confirmation of economic statistics.


    But why did the international media and public opinion almost unanimously request the appreciation of the renminbi? The reason is also simple: the prices of Chinese exports are too cheap.

    In the case of Nike sports shoes, the cost of production in the United States may not be produced at about 7.5 US dollars equivalent to the current exchange rate (1 US dollars to 6.7 yuan) equivalent to 50 yuan, and it may cost US $20 in production cost.

    As a result, the exchange rate of the RMB against the US dollar must rise to 1 yuan to 2.5 yuan, and the United States will be able to produce Nike sports shoes with the cost equivalent to 50 yuan equivalent to 20 dollars.

    Therefore, the American shoemaking companies will certainly think that the low price competitiveness of China's export products comes from the undervaluation of the RMB exchange rate.

    In fact, the exchange rate of RMB against the US dollar has risen from 1 US dollars in 2005 to 8.27 yuan, rising to 1 yuan in early October 2010 to 6.68 yuan, or about 20%.

    Of course, for those who want to rally the US manufacturers and Chinese manufacturers to raise the cost of US dollar quotations for similar products, the appreciation of the RMB exchange rate over the past few years is far from enough.


    The plight of Chinese exporters


    The internal derogatory effect of RMB is a substantial increase in the production cost per unit product of RMB in China for a large number of exporters of manufacturing products.

    Faced with fierce market competition, China's exporters only have to choose to compress export earnings and suffer self - suffering from rising costs of Renminbi production.

    Take the production of Nike shoes as an example, when the production cost rose from 50 yuan in 2005 to 60 yuan in 2010, in order to guarantee long-term export agreements, it could only be exported at the US dollar in 2005.

    China's numerous exporters are forced to make huge profits in order to maintain orders in the export market under the sharp rise in domestic production costs in Renminbi.

    As a result, the annual export profits have squeezed the export profit margins of China's numerous exporters to no lower level.

    During his recent visit to the United States, Chinese Premier Wen Jiabao also admitted that most Chinese exporters had only 2% gross margin on their exports.

    If the RMB exchange rate is rising by 3%, countless Chinese exporters will be totally unprofitable or even lose money after the export to the US market in 2010.

    • Related reading

    The Appreciation Of RMB Makes The Export Shoe Enterprises In A Dilemma.

    Footwear industry dynamics
    |
    2010/10/13 13:44:00
    94

    RMB Appreciation Is Bothering Import And Export Shoe Enterprises

    Footwear industry dynamics
    |
    2010/10/13 11:34:00
    61

    Low Priced Sneakers Face Big Exams

    Footwear industry dynamics
    |
    2010/10/13 10:45:00
    87

    The Price Of Cotton Has Soared And Shoe And Clothing Enterprises Have Been Raising Their Prices.

    Footwear industry dynamics
    |
    2010/10/13 10:37:00
    77

    Two Or Three Line Shoe Companies Are Fighting For Children'S Shoes Market.

    Footwear industry dynamics
    |
    2010/10/13 9:11:00
    58
    Read the next article

    List Of Cotton Futures Positions In Zhengzhou Commodity Exchange (October 12Th)

    List of cotton futures positions in Zhengzhou commodity exchange (October 12th)

    主站蜘蛛池模板: 五月亭亭免费高清在线| 国产成人综合洲欧美在线| 国产精品成人va在线播放| 又黄又粗又爽免费观看| 亚洲人成在线观看| 99精品国产在热久久婷婷| 玉蒲团之偷情宝鉴电影| 天天想你视频免费观看完整版高清中文| 国产农村女人一级毛片了| 久久国产乱子免费精品| 蜜桃成熟时3之蜜桃仙子电影| 日本人妻丰满熟妇久久久久久| 国产乱人伦app精品久久| 中文字幕在线观看你懂的| 精品无码国产污污污免费| 日本牲交大片免费观看| 国产日韩欧美二区| 久久婷婷久久一区二区三区| 边摸边吃奶边做爽免费视频网站 | 日韩在线一区二区三区| 国产又黄又爽胸又大免费视频| 久久久久无码国产精品不卡| 给我个免费看片bd| 无人在线观看视频高清视频8| 国产成人精品综合久久久| 久久精品中文字幕第一页| 羞羞网站在线观看| 女同午夜三级在线观看| 亚洲欧美成人一区二区在线电影| yy111111少妇影院无码| 精品无码久久久久久久久久| 无码精品a∨在线观看无广告 | 国产欧美亚洲精品| 久久午夜综合久久| 精品无码久久久久久久久| 在线观看一级毛片| 亚洲AV永久精品爱情岛论坛| 草草影院国产第一页 | 欧美精品一区二区三区在线| 国产福利在线视频尤物tv| 亚洲国产精品线在线观看|