RMB Revaluation 3%&Nbsp; Some Foreign Trade Clothing Enterprises Will Inevitably Fail.

Lang Xianping once said, if the renminbi is traded

"This statement is too alarmist."

Zhang Handong, director of Zhejiang International Trade Research Center, said.

Zhang Handong said that since the reform in July 20, 2005,

In addition, we should also note that the renminbi has appreciated against the US dollar, but there has not been any appreciable rise in other currencies.

In July 20, 2005, before the reform, 1 euros could be exchanged for 9.99 yuan, but so far, 1 euros has been able to convert 10.9 yuan. That is to say, the euro is rising against the RMB. It is not accurate to simply say that the appreciation of the renminbi is wrong.

At the same time, compared with the exchange rate of "6.5", other problems facing foreign trade enterprises are more severe.

A survey from the Provincial Department of Commerce shows that since the second half of last year, raw material prices have risen sharply, such as cotton yarn prices have risen by more than 100%, while the prices of export commodities can not keep up with the magnitude of the increase in raw materials, thus squeezing profits from foreign trade enterprises.

The difficulty of recruiting labor and soaring labor costs is a problem encountered by most foreign trade enterprises. According to enterprises, labor cost has increased by about 20% compared with the same period last year. At present, the turnover rate of workers in foreign trade enterprises is generally less than 80%.

"At present, the pressure of RMB appreciation is still there, and appreciation is the general trend."

Zhang Handong analysis shows that the prosperity of a country is often accompanied by appreciation of the local currency. Looking at the current situation at home and abroad and the recent trend of RMB, the pressure on RMB appreciation in 2011 will not be less than last year. It is expected that the appreciation rate of RMB against the US dollar should be above 3%.

"In the short term, the appreciation of the renminbi will directly lead to the weakening of the export commodity price advantage. This is a short-term labor pains, and some business failures are inevitable.

But in the long run, this is an opportunity for self adjustment, and the right to speak determines the right to exist, which is the short board of many small and medium-sized foreign trade enterprises.

Zhang Handong said.