RMB Revaluation &Nbsp; Shishi'S Outward Oriented Economy Is Facing New Challenges And Challenges.

2010/11/12 11:16:00 65

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Shishi'S Outward Oriented Economy Is Facing New Challenges And Challenges.

On the 11 day, the central parity of RMB against the US dollar was reported at 6.6242, two days in a significant appreciation of 338 basis points, and the important point of the 6.6 against the US dollar was also at stake.

RMB appreciation

It has renewed the new high since 2005.

Shishi, a company with a sum of $500 thousand, should be debited to customers for several days. The exchange losses will be self-evident according to the current exchange rate settlement.

City export oriented economy

Facing new challenges and challenges.

The biggest impact of the sudden change in exchange rate is the manufacturing industry of the second industry.

Textile and garment industry

In the leather and footwear industry, sporting goods industry, communications and electronics industry, handicraft industry, medical and pharmaceutical industry, agricultural and sideline food processing and food manufacturing industries, the 8 largest export enterprises with annual export value exceeding RMB 100 million, most of the export enterprises of Shishi are characterized by low price, thin profit and large volume, and the appreciation of RMB is too fast.

The recent appreciation of the renminbi has revealed that the low cost competitive advantage of Shishi exporting enterprises is rapidly losing, but it also forces the export-oriented economy of Shishi to enhance its ability of self innovation, increase the added value of products and meet the new development opportunities brought by the new appreciation of RMB.

Surplus, the city's dyeing and finishing industry association decided to pfer the excess capacity to the foreign market before the appreciation of the renminbi. The Shishi economic and trade pformation pilot enterprise Hongli dyed and dyed Garment Co., Ltd. was originally one of the earliest and smallest dyeing and finishing enterprises in Shishi. If it adheres to the traditional mode of production, it can no longer participate in the vicious competition in the local market. The company spent 8 months in prison last year, and finally successfully developed a series of high value added innovative fabrics in the international market. Its unit price is 10 times higher than the average unit price of the Shishi needle dyeing industry at present. One price quotation, the foreign offer is acceptable, and the bargaining power is very strong. Shishi printing and dyeing industry has serious capacity.

The successful pformation and upgrading of Manulife company shows that the export enterprises of Shishi should strive for long-term development. Upgrading and pformation is a must.