The RMB Exchange Rate With The US Dollar Has Been Innovating Again And Again, And The Export Pressure Of Xiamen Textile Enterprises Has Been Greatly Increased.

"The central bank announced last June.

Profits are constantly being eaten.

Speaking of the recent exchange rate changes of RMB against the US dollar, Mr. Yeh, without hesitation, came to open his mouth.

He said, "it's hard to care". Even dreaming is all these figures, and the pressure is too great.

"Suppose that a shipment of 1 million dollars, the exchange rate at 6.7 times now, the exchange rate is only about 6.62, which is equivalent to 80 thousand yuan in vain."

Ye said, this is a real profit, coupled with the rise in wages and raw material prices this year, and enterprises have been struggling to maintain them.

Yao Ming, chairman of Xiamen Yao Ming ribbon Jewelry Co., Ltd. also believes that the appreciation of the renminbi has made Chinese exporters lose the advantage of low cost competition.

"The 1 point per liter of exchange rate means that the profit of exporting enterprises should be reduced by 1 points, and for many export enterprises in Xiamen, there are only a few points of profit."

Yao Ming said that under such circumstances, the pressure on export enterprises based on price fixing is undoubtedly enormous.

Under pressure, the instinctive reaction of export enterprises is to raise prices. However, for a strong foreign customer, it is difficult to accept the price increase by 1%. With the increase of raw material and labor costs, the profits of export enterprises can only be diluted again and again.

Or forcing the industry to move inland.

Yao Ming believes that under the current circumstances, the appreciation of the renminbi and the rise in labor costs are irreversible. It is also a reality that Xiamen exporters must face up to.

"If a foreign trade enterprise can't pform, it can only move out or close."

Yao Ming said that the situation faced by Xiamen's export enterprises is very similar to that of Hongkong and Taiwan twenty or thirty years ago, so many Hong Kong funded or Taiwanese funded enterprises moved inland.

In Yao Ming's view, if Xiamen's export enterprises are to survive and develop, some of them may have to consider pferring to areas which are relatively stable in currency value or relatively cheap in labor, such as mainland China or India and Bangladesh.

Some enterprises should take measures.

Su Zaiquan, manager of the electronics brand Department of Xiamen and China, said that the appreciation of RMB has indeed caused some pressure on Xiamen. However, because Xiamen and China carry out "two heads out", that is, raw materials are mainly imported, products are mainly exported, and imported raw materials have 70% to 80% dollars in settlement, so they can offset the risk of exchange rate fluctuations.

"Xiamen will also buy and sell forward foreign exchange to banks and lock in the exchange losses."

Su re Quan said that by locking the exchange rate, we can relatively avoid exchange rate risk and prevent losses from expanding.

In addition, Xoceco also has the potential to reduce costs and enhance the ability to respond to exchange rate risks through internal tapping and strict supply chain management.

It is understood that Donglin electronics is also used to lock in the exchange rate method to avoid the risk of exchange rate fluctuations, through the paction lock in the dollar exchange rate, in the bank for long-term settlement, hedge hedging, to maintain a lot of profits for the company.

In contrast, Xiamen Yao Ming ribbon Jewelry Co., Ltd. is more powerful.

Yao Ming said that since January this year, the external quotation of the company's products has increased by 15%, and the customers can only accept it.

"We can do this because the products have the right to speak in the international arena and enjoy the exclusive export market of China to the United States."

Yao Ming said that under such circumstances, they can shift the risk of exchange rate fluctuation to American customers, thereby reducing their losses.

[expert opinion]

Forcing "made in China" to accelerate pformation

The industry believes that in the case of unfavorable exports, the appreciation of the renminbi will force the "made in China" to accelerate the pace of pformation.

Zhang Monan, an associate research fellow at the National Information Center forecast department, suggested that under the pressure of RMB appreciation, the "made in China" pformation must focus on solving the following problems: changing the over dependence of China's economic development on the export market, excavating the potential of the domestic market, shifting the focus to promoting the upgrading of manufacturing industry and upgrading technology, so as to prevent the Chinese economy from being locked in the development of labor-intensive industries with low added value and simple technology.