Export Shoe Enterprises Should Enhance Exchange Rate Volatility

"Since the beginning of this year, a considerable part of the volume of commodity exports has increased.

Looking back to China's foreign trade in 2007, Pei Changhong, director of the finance and Trade Institute of the Academy of Social Sciences, made the above comment.

The latest data from the General Administration of Customs show that in the first 11 months of this year, automatic data processing equipment and components accumulated 111 billion 860 million US dollars in exports, an increase of 1.8% in volume, an increase of 34.3% in volume, 13 billion 220 million US dollars in plastic products, 5.3% in volume, an increase of 9% in amount, 9 billion 100 million in wires and cables, 15.5% in volume, and an increase of 39.7% in volume.

Other products that increase in price include air conditioners, hand or machine tools, integrated circuits, cars and chassis, containers, semiconductor devices, footwear, rubber tires, etc.

Pei Changhong said that in the past, the growth of China's commodity exports would depend on the increase in quantity. Because of the fierce competition, manufacturers often suppressed each other's prices. The appearance of the phenomenon of "volume increase and price rise" fully showed that the effect of a series of macro-control measures was gradually emerging.

For those who have long been concerned about the development of China's foreign trade, this report card is really hard won.