Is It Good Or Bad? &Nbsp; "Double Rate" Forced The Garment Enterprises To Accelerate Pformation.

With the Central Bank of China announcing that the benchmark interest rate for the one-year deposit and loan institutions of the financial institutions increased by 0.25 percentage points in February 9th, the central parity of the RMB against the US dollar has set a new high since 9.

The announcement of the first interest rate increase in 2011 opened the people's Bank of China.

Since October last year, in less than 4 months, the central bank has raised interest rates 3 times and raised the deposit reserve rate for the 4 time.

The high consumer price index (CPI) is like a sharp sword hanging on top of the central bank, forcing monetary policy to tighten again and again.

In the eyes of many economists, the biggest threat to China's economy in 2011 is inflation. Therefore, the tight cycle of monetary policy will continue and interest rates will rise again.

However, the increase in lending rates is undoubtedly bad news for enterprises.

The appreciation of RMB and the raising of loan interest rate have become the double burden of small and medium-sized foreign trade enterprises that have just recovered from the financial crisis.

The industry believes that the continued increase in interest rates will inevitably increase the cost pressures of foreign trade enterprises, compressing profit margins.

However, the effect of interest rate increase is gradual. Enterprises should seize the time to develop business channels, develop new customers and shorten the capital chain.

In the long run, the pformation of traditional foreign trade enterprises to comprehensive foreign trade enterprises is imperative.

"Double rate" rises and rises

After raising the benchmark lending rate of 0.25 percentage points for one-year loans in February 9th, the one-year lending rate has reached 6.06%.

Zhejiang four Tung Textile Co., Ltd., the person in charge told reporters that the continuous increase in interest rates will increase the cost of corporate loans, increase interest and other financial expenses, thereby increasing operating costs.

On the other hand, the interest rate increase will further promote the appreciation of the renminbi.

Labor costs have risen and raw material prices have increased.

At the beginning of the central bank's work conference earlier this year, "stabilizing prices" was placed by the central bank in the top 4 tasks of the year, and the central bank as an important measure to implement prudent monetary policy is to control liquidity.

"Macro regulation is a continuous process. At present, the interest rate increases have become a normal state."

Societe Generale economist Lu commissar's tone is very positive.

He told reporters that after the interest rate hike, the market's annual interest rate increase may increase, and the central bank will be more confident in controlling inflation.

"The market tends to be rational in terms of policy expectations, which will help to weaken the market's expectation of" excess liquidity and rising prices, "thus laying a good foundation for curbing the second wave of rising prices that may arise in the future.

Lu commissar said.

Ma Guangyuan, a researcher at the Venture Capital Research Institute of Peking University, believes that the choice of the current round of interest rate hike is still 0.25 percentage points, and the scope is not large. But the timing of the choice is very decisive, indicating that the central bank has enough inflation resistance this year. Through this rate hike, it has been announced that China's monetary policy will enter a tight and interest rate cycle.

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However, Ma Guangyuan also pointed out that the central bank still faces a dilemma in policy choices.

After the increase rate cycle, the promotion of hot money has contributed to asset prices and imported inflation. At the same time, after the financial crisis, the foundation of many Chinese SMEs recovery is still not solid. If excessive credit is overstretched, the SMEs will bear the brunt.

Enterprises want to break through by pformation

In February 9th, the central parity of RMB against the US dollar was 6.5850, up 10 basis points from the previous trading day, and it has set a new high since the reform.

For some time, the RMB exchange rate is on the rise.

Feng Bin, general manager of Chunlan import and Export Corporation of Jiangsu, told reporters that in the face of the situation that the loan interest rate and the RMB exchange rate may all rise in 2011, foreign trade SMEs must increase their efforts in cost control.

In addition, he believes that strengthening capital management, reducing capital expenditure in various sectors, and obtaining loans from small and medium-sized banks may be a great solution.

Wang Lin, vice president of Beijing Dream Fox Clothing Technology Development Co., Ltd., told reporters that financing difficulties have always been a problem for small and medium-sized enterprises.

Large enterprises and banks have long-term cooperation, but once the money is tight, banks will often "cut across the board" for SMEs.

"Our current problem is that we dare not take orders.

Because export tax rebates generally lag behind 4 months to receive payment, the capital turnover of enterprises is often affected.

If foreign countries want to order a batch of goods, the supplier will definitely ask for payment and then deliver the goods, and the customers will not be able to pay all the money to you. The funds you have to pay will be the biggest problem.

Wang Lin said frankly.

"In the long run, enterprises must improve their capability of independent innovation and speed up pformation and upgrading.

Only by developing our core business, increasing the added value of products through technological innovation, winning by quality and enhancing competitiveness, is the fundamental way to break through difficulties and base ourselves on the market. "

Wang Lin told reporters.