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Troubled By The RMB Exchange Rate, Export Companies Dare Not Make Long Lists.

2011/10/17 14:34:00 38

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RMB Exchange Rate Plaguing Export Enterprises

Labor force price

The cost of raw materials is rising.

Trade protection

The shadow of the United States has stepped up its legislation to pressure the RMB exchange rate, which has added new concerns to trading companies.

The Canton Fair was launched in Guangzhou on 15 March. Many Chinese exporters said they were worried that if the renminbi appreciated again, it would further squeeze it.

Meager

The profit is not long enough.

"The United States will be a heavy blow to many export oriented enterprises in China."

Yang Changchun, deputy general manager of Nanjing Bo Ye group, said that the company mainly produces small power tools, and all export businesses are settled in US dollars. Over the past year, the exchange rate of RMB against the US dollar has risen from around 1:7.1 to around 1:6.3.

Terminal price

It is difficult to synchronize the upgrading of RMB appreciation.

Range

All pformed into enterprise cost.

Chen Haiming, general manager of China Star Group foreign trade company, said that after the US Senate passed the RMB exchange rate bill, he had proposed to the major buyers of the United States that the order price in the first quarter of 2012 should be increased by 3% on the basis of the current basis, so as to offset the anticipation of RMB appreciation in the next 6 months. However, the request for price increase has not yet been completed and needs to be re negotiated.

Long Haiming, manager of overseas marketing company of Guangdong Feng al Aluminum Co., Ltd., said that when the US general election was approaching in 2012, it was necessary for the United States to fight for the political needs of the unemployed to ease the mood of the unemployed and ease the pressure of domestic public opinion and the public's attention.

Prior to that, the Organizing Committee of the Canton Fair had fully estimated the impact of the RMB exchange rate. Liu Jianjun, spokesman for the Canton Fair, said that the uncertainty of the RMB exchange rate made buyers and exporters more inclined to sign short lists and small bills.