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Let Us Monetary Policy Become An Opportunity For Chengdu Shoe Companies

2010/11/19 10:07:00 32

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The United States has dropped a blockbuster for the world economy.

On the four th of this month, the US Federal Reserve released the second round of monetary quantitative easing plan: in the next 8 months, it will put 600 billion dollars into the market and put in about 75 billion US dollars a month.

As a result, the dollar's international monetary settlement will inevitably trigger a strong reaction within the global economy.

And miles away

Chengdu

Will it be in the us round?

monetary policy

Is it affected?

In this regard, reporters yesterday on the city's import and export industry, investment market and tourism industry conducted an investigation, found that in the current round of impact, danger and machine coexist, even ordinary citizens, as long as we grasp the law of market changes, also can help themselves avoid wind risk, seek development opportunities.

Expanding import cases

Wang Lu, deputy general manager of Wu Jun shoe industry, said that during the export process,

Wu Jun shoe industry

Using the US dollar as the currency of settlement, because the settlement period of foreign trade usually takes about 6 months, the appreciation of the RMB keeps the Wuhan Jun shoe industry undertaking a great exchange rate risk.

RMB appreciation, the most direct business is the decline in profits, the renminbi dollar exchange rate rises every bit, will let the enterprise receive the dollar payment, after the exchange process lost a lot.

Meanwhile, the rising prices of raw materials also worried Wang Road.

He said: "as the price of raw materials continues to rise, and the appreciation of the renminbi continues to rise, our costs continue to rise.

On the platform of international trade, raising prices will reduce the competitiveness of products, without mentioning prices, the profits of enterprises will be seriously damaged, and profits are very low now.

After understanding the US dollar policy, Wang Lu became even more worried: "we also worry that once the dollar is released, the influx of hot money into the Chinese market will cause inflation and further increase the price of raw materials.

In this way, our enterprises will face a more serious predicament.

Experts suggest that we should appropriately expand the import shortage resources.

Wang Xiaoqi, director of the Institute of Finance and finance and economics of Sichuan Academy of Social Sciences, said that one of the important purposes of implementing the current round of "quantitative easing" monetary policy in the United States is to promote the depreciation of the US dollar by increasing the volume of US dollar issuance, raise the value of the renminbi and other currencies accordingly, enhance the competitiveness of us export prices, and curb the export of us surplus trade to the US.

Wang Xiaoqi said that Chengdu should further pform its economic development mode, including the development mode of foreign trade, and promote the optimization and upgrading of industries and product mix including the structure of export products. Foreign trade enterprises should gradually reduce their reliance on price means to promote exports, expand exports of products with high technology content, large added value, good market prospects, energy saving and environmental protection, and gradually change the traditional means of export competition based on low price as the main export competition means for high-end and high added value.

At the same time, as the dollar depreciates, the price of imported products priced in US dollars decreases, which provides favorable conditions for Chengdu's foreign trade enterprises to expand their imports appropriately.

Our foreign trade enterprises should appropriately expand the import of scarce resources, key technical equipment and so on, and gradually realize the pformation of export driven foreign trade to a relatively balanced foreign trade.