The Accelerated Appreciation Of RMB 20% Small And Medium-Sized Enterprises Or The Test Of Life And Death

On the last trading day in April, the yuan was against the US dollar.

Bargaining power determines the right to existence.

"Although our company has some core technologies in wind power generators,

Not all the export enterprises of the mechanical and electrical industry are obviously under the pressure of RMB appreciation. Yang Jinxu of the marketing department of Guangzhou TCL Electrical Appliances Marketing Co., Ltd. is arranging an activity. At the scene, he hurriedly told reporters that the company had not been greatly affected for the time being.

The appreciation of the renminbi will affect the settlement price of many industries in China when exporting products, which is labor-intensive.

A curtain company in Hangzhou is one of the most famous curtain manufacturers in the world. Its products are exported to Europe, America, Middle East and Southeast Asia.

A manager of Liu, a subordinate company specializing in export companies, told reporters that the overall operation of the company is still possible, but the profit is much thinner than before. It may have 10 profit points before. Now there are only 5 or 6 points. At the worst time, there are only 2 or 3 points.

Under the pressure of cost, the price of products has increased slightly, but there is limited space for market feedback to raise prices.

Based on the uncertainty of expectations, it is difficult for companies to buy more advanced production lines to increase productivity.

Compared with the enterprises that have certain living space, some enterprises with simple processing are much more difficult.

DavidGao runs a foreign trade agency in Shanghai. It has received orders from some retail stores in the United States for years, and has been looking for order processing units in the country. Products are generally copied from the popular commodities in the US market, ranging from clothing toys to hardware appliances.

In 2008, due to the financial crisis, most foreign trade volume declined or even stagnated. But because most of the commodities he operated were household daily necessities, the unemployment rate of Americans increased and family life became more and more.

But since the beginning of this year, although he can still get orders from the US, few companies are willing to work for him.

"Now the gross profit of the factory is around 15%. Because of the appreciation of the renminbi, plus the increase of raw materials, land costs and pportation costs, the total cost is even more than 15%. The enterprises will not start at least without loss, and if it starts, it will be difficult to guarantee profits.

In addition, because our orders are generally only six months after delivery, with the current RMB exchange rate, many enterprises even dare to take orders even if they have a small profit.

RMB appreciation, rising costs and financing difficulties bring enormous pressure to export oriented enterprises.

80% SMEs will be in a difficult position.

The accelerated appreciation of the renminbi is like the iron pot on the fire. Most export oriented enterprises are ants in the iron pan. Even though a considerable number of enterprises can still support the iron pot's heat, the fire is burning more and more prosperous. If so, some enterprises will be roasted and live in the margins.

Scholar Guan Qingyou said that he recognized the view of Lu Mai, the Secretary General of the China Development Research Foundation, that the trend of exchange rate appreciation is difficult to be changed for the countries with fast labor productivity in China. Export-oriented enterprises will timely adjust their product mix, regional structure and speed up industrial pformation, which will greatly benefit China's economic development; the adjustment of exchange rate will bring about the long-term and healthy development of the economy; the gradual exchange rate reform is feasible in China; the manufacturing industry is at a critical stage of pformation and upgrading. The gradual exchange rate reform has defined the direction of the upgrading of the enterprise structure, leaving room for the upgrading and pformation of the manufacturing industry.

"Exchange rate reform, enterprises should enhance their core competitiveness.

I always feel that the most important thing in 12th Five-Year is the reform of income distribution, and the second is factor price and exchange rate reform.

To a large extent, our structural problems are policy issues. In the final analysis, one of the economic foundations of scientific development is factor price reform and exchange rate reform.

Guan Qingyou said.

Zhang Yansheng, director of the Foreign Economic Research Institute of the national development and Reform Commission, said that the rapid appreciation of RMB has great impact on the general trade enterprises, but has little impact on the processing trade.

"It depends on the way the business is produced.

In 2010, the trade surplus was US $183 billion 100 million, the processing trade surplus was US $330 billion, and the general trade deficit was US $47 billion 200 million.

Under such circumstances, more than 80% of processing trade is export-oriented enterprises, and about 65% of general trade is domestic enterprises.

The general trade deficit in the first quarter of this year was close to that of last year.

The value of processing trade products has been created from 70% to 80% abroad, and domestic is basically a complement between foreign businessmen and foreign businessmen.

The cost of processing trade in China needs to be paid in Renminbi is very low.

No matter how fast the renminbi appreciates, the impact on the processing trade enterprises, especially the big ones, is very small. "

Zhang Yansheng said.

In regard to the survival of enterprises, Zhang Yansheng talked about industrial upgrading. He believed that many enterprises were making efforts in this regard, but in fact, this is a medium to long term adjustment rather than a short-term solution.

"It's like it's hard for you to ask a three year old child to do eighteen years old."

"If the RMB appreciates rapidly, 20% of the small and medium-sized enterprises may die, and 20% of the enterprises can basically achieve industrial upgrading, and 60% of the enterprises will probably linger on the edge of successful pformation."

Zhang Yansheng said.