Shoe Enterprises: Training Internal Strength And Actively Coping With Breaking "7"

The day before yesterday's highest day was quoted as US dollar: RMB (yuan) 6.9995:17.0015:1 Hong Kong dollar: RMB (yuan) 1:0.89884100:89.884 yuan to the US dollar reached the level of 7 to 1 on the day before yesterday, and the first time it went up to 6.9995 yuan to 1 US dollars, but then the increase narrowed, and finally closed at 7.0015 yuan to 1 US dollars.

According to the data at the end of 2007, the cumulative increase of RMB has reached nearly 4.33% since 2008.

The Hong Kong dollar linked to the US dollar also followed further devaluation. The central parity of the Hong Kong dollar to the RMB dropped further through the 90 yuan mark the day before. The middle price was 0.89884 yuan per Hong Kong dollar, that is, it could only be exchanged for less than 90 yuan per 100 Hong Kong dollars.

A Sichuan business response Tourism: shopping in Hongkong is equivalent to 20 percent off of a travel agency in Shuncheng Street. Staff members are introducing to a citizen visiting Hongkong: "before you bought 90 Hong Kong dollars for 100 yuan, you can buy 110 yuan in Hong Kong dollars now.

You go to Hongkong to buy famous brand, which is equivalent to another 20 percent off. "

Miss Zhou, a Chengdu tourist who has travelled to Hongkong many times in recent years, feels very deeply about this.

A few years ago, when the Hong Kong dollar was strong, the price of HK $1000 would cost about 1100 yuan.

Now, the price of HK $1000 is only 900 yuan.

The same thing is 1000 Hong Kong dollars, before and after two or three years, the yuan has a difference of 200 yuan.

Hong Kong people travel to Sichuan to tip the head of a Hongkong special railway line, which is said that with the continuous improvement of citizens' living standards, there are more and more tourists to Hongkong now.

And the most rapid growth is free travel.

Shopping has also become the most popular theme of Hongkong tourism.

Many Chengdu travel agents also noticed that before the Hongkong guests used to travel to Chengdu for the tip, they often used renminbi, and now they were mostly converted into Hong Kong dollars.

Chengdu Overseas Travel Co., Ltd. is the largest recipient of inbound tourists in our province.

Because of the change in the US dollar exchange rate, the loss in the past two years is between 1 million and 3 million yuan.

The habit of choosing destinations is different from that of tourists in China. Foreign tourists have long term plans.

Foreign travel agents usually ask Chinese travel agencies to report the second year's tourism plan by the end of the year.

After signing the contract, payment should wait within 3 months after the tour.

Chengdu overseas relevant personage introduces, because Sichuan's inbound tourism peak is concentrated in the second half of the year, so the peak of settlement is generally concentrated in November and December each year, so that the distance from signing a contract is at least half a year to 1 years.

Chengdu overseas travel agency responsible person said, after consulting with foreign travel agents, they were in 2007 according to the ratio of 1:7 to us dollar to quote the contract.

"From the current US dollar trend, this year's loss is inevitable."

According to the estimate, if we calculate 6.5 dollars, we will lose 0.5 yuan for us $1, and the loss will be RMB 5 million yuan at the rate of 10 million dollars.

Shoe enterprises: training internal strength and actively coping with breaking "7", "RMB to us dollar breaking" 7 "is expected.

This is the most important answer when a reporter interviewed the bosses of Chengdu footwear industry.

Footwear products, as the export champions of light industry, have a high degree of dependence on foreign trade, but Chengdu shoe companies are laughing at the difficulty by increasing the added value of products and changing the settlement currency.

This year, orders are substantially reduced. At present, the world's footwear industry produces 16 billion pairs of shoes each year. One pair of shoes is produced in Chengdu. Chengdu produces 160 million pairs of leather shoes annually, including 140 million pairs of women's shoes, nearly 150 thousand employees in the footwear industry, and an annual output value of 15 billion yuan.

Due to the export tax rebate and soaring raw material costs, the production cost of many labor-intensive industries has generally risen by more than 10%.

The increase in export costs is particularly evident in shoe enterprises. Some owners said that in the past 3 years, the export cost of the company increased by 15% to 20% every year, thanks to the appreciation of the renminbi.

Instead of using the euro for settlement, some well-known shoe makers in Chengdu are not as hardheaded as they imagine.

"We are used to putting the RMB appreciation into the annual plan of the enterprise, and every year we will introduce a series of countermeasures."

Chengdu Liu AI min leather products Co., Ltd. Liu said that the company strives to continuously increase the added value of products. "Compared with last year, our sales volume decreased by about 15%, but sales did not decline."

Xie Zong, the GUCCI shoe industry in Chengdu, said that they would negotiate with overseas customers as far as possible and make price adjustments according to the exchange rate changes.

Some enterprises say they have gradually reduced the US dollar settlement, and have adopted more currencies such as the euro for settlement.

Reporter Tao Ying trainee reporter Zheng Changli B Hong Kong enterprises responded that some of the Hong Kong enterprises used renminbi to pay wages. With the appreciation of the renminbi, not only did many Hong Kong people's Congress call the prices of all kinds of daily necessities to rise too fast, but also the scope was very wide, including daily necessities such as toilet paper, baby diapers, and so on.

And some elderly homes specializing in serving the elderly in Hongkong also have business problems.

The Dongguan home for the aged, a Dongguan nursing home operator, told reporters that because the old people's hospital mainly serves the elderly in Hongkong, it used to use the Hong Kong dollar to settle accounts. Under the dual pressure of RMB appreciation and the rising prices in the mainland, the daily expenses of the nursing homes increased significantly.

Last week, the nursing home changed to RMB, which was equivalent to an increase of about 10%.

The official said: "although the pressure is felt on the elderly, there is no way to do it, because if the price is not increased, the nursing home will probably be closed.

Once the homes are closed, the elderly in Hongkong will be displaced. "

Journalists from mainland enterprises in the mainland have switched to RMB wages. Reporters have learned that some Hong Kong enterprises have begun to use yuan to send wages to the Hong Kong people stationed in the mainland.

"We have been paying attention to the exchange rate year ago."

Mr. Chen works in a Hong Kong listed companies's mainland branch.

In December last year, the company's personnel department held a meeting in Hongkong on the organizational management level. "After that meeting, the way the company paid wages was adjusted, and now it is all issued in Renminbi."

According to the expert opinion of Southern Metropolis Daily, Professor Chen Wuyuan, Professor of economics, Sichuan Academy of Social Sciences, the problem of RMB appreciation is greater than profit. The appreciation of RMB is a complex and realistic problem. It is a double-edged sword.

Generally speaking, the disadvantages outweigh the advantages.

The moderate appreciation of RMB will help to further reform the exchange rate system and even the financial system, solve the problem of foreign trade imbalance, reduce the price of imported goods, and urge domestic enterprises to strive to improve the competitiveness of products.

However, the excessive appreciation of RMB will bring about unfavorable factors such as export reduction, competition in some domestic areas, relative surplus in some areas and pressure on employment.

The negative impact of RMB appreciation on export enterprises is reflected in the reduction of profit margins within a certain period of time, so that competitiveness and share in the international market will decline.

If the product fails to go out, the export enterprises will be faced with a crisis of closure.

Yang Jirui, a Ph.D. and professor in economics at Southwestern University of Finance and Economics, suggested that Sichuan enterprises should set up factories abroad. Sichuan province has a large export volume in silk, agricultural and sideline products, primary processing products, clothing and other industries, and this pattern will also bring challenges to Sichuan's export trade.

It is suggested that foreign trade enterprises should adopt a positive attitude: first, we should change the situation of relying on resource products to export, and aim at products with high added value, from labor-intensive to technology intensive.

Secondly, the appreciation of RMB is conducive to import trade, and some high technology products can be imported to relieve the pressure of resources.

Finally, if Sichuan enterprises want to study countermeasures in intellectual property and anti-dumping, the competent enterprises can consider setting up some processing enterprises at the export destinations to ease the pressure brought by the appreciation of the renminbi.

Zheng Changli, an intern reporter, reports that the overseas online purchasing industry is heating up. The largest network retailer in China, Taobao public relations department said yesterday that the RMB's entry into the "6 era" will have a positive impact on the online shopping industry.

According to statistics, the total volume of goods purchased by Taobao in the first quarter of 2007 was 90 million yuan, which has soared to 520 million yuan in the first quarter of 2008, an increase of 481% over the same period last year.

Taobao people revealed that overseas purchasing mainly concentrated in the US dollar as the main currency area, and the goods purchased mainly concentrated in the three categories of expensive cosmetics, health products and clothing bags.

Different countries and regions impose different taxes and charges, and the price gap between different places is very different. Purchasing goods are often cheaper than 3~5 directly purchased in China.

Miss Wang, who works in a private enterprise in Chengdu, told reporters that "at the end of 2006, I began to buy American products through overseas internet purchasing. I just looked at a pair of shoes of 175 dollars on a purchasing website. At the current exchange rate, only one commodity saved nearly 200 yuan than before."

Reporter Luo Shuchi reformed major memorabilia: 2005.07.21 adopted floating exchange rate system, RMB appreciation against the US dollar at 2% 2005.08.02. The safe operation of foreign exchange control on current account was expanded to 3% 2006.01.04 in non US and RMB pactions. The interbank foreign exchange market was introduced into the market trading system 2006.05.15, the RMB to the US dollar exchange rate broke through the intermediate price of 8:1 2007.01.11 and the US dollar exceeded the US dollar in 7.813 years, the first time exceeded the Hong Kong dollar 2007.05.21, expanding the RMB to us dollar fluctuation range to 0.5% yen, the RMB exchange rate reform 2nd anniversary, the Chinese commodity export did not reduce the 2008.04.07, and the RMB traded against the US dollar 7.002 2005.09.23