Sino Australian Currencies Are More Convenient For Import And Export Of Textiles And Garments.

Since P is straight, Chinese and Australian enterprises usually exchange their local currency into US dollars for capital transactions and then settle accounts. Now, few Renminbi and Australian dollar sides have no longer needed "middlemen", and have started the era of one to one direct dialogue. < /p >
(P) authorized by the people's Bank of China, since April 10, 2013, the inter-bank foreign exchange market has improved RMB's trading mode of < a href= "http://www.91se91.com/news/index_p.asp" > Australia < /a > yuan, and has developed RMB's direct dealings with Australian dollar. The Australian dollar has become the third currency to be exchanged directly with the renminbi after the dollar and yen. < /p >
< p > < strong > conversion cost savings 5/10000 < /strong > < /p >
What's the impact on the enterprises of Quanzhou after the realization of the direct currency exchange between China and Australia? The vice president of the school of business administration, Huaqiao University, "a" http://www.91se91.com/pioneer/ "> professor Chen Jinlong < /a >, told reporters that" before the renminbi was converted into an Australian dollar, it could only be converted into an equivalent US dollar first, and then converted into Australian dollars at the exchange rate of US dollar to Australian dollar "P. The most direct benefit of the direct conversion of the renminbi and the Australian dollar is to omit the steps to convert the US dollar and save the transaction costs of the enterprises. < /p >
Less than P, insiders calculate that the exchange fee will be reduced by 1/10000 to 5/10000 by the middle currency. < /p >
< p > it is understood that < a href= "http://www.91se91.com/news/index_c.asp" > textile and clothing > /a > enterprises need to import raw materials such as cotton and wool from Australia, and now enterprises can directly convert RMB into Australian dollar for procurement. < /p >
< p > "many Quanzhou people settle in Australia, and the direct exchange between China and Australia will also bring investment and trade further facilitation." Chen Cangsong, Secretary General of the Fujian textile and garment export base, said. < /p >
< p > < strong > Import and export trade "more convenient" < /strong > /p >
< p > "in addition to simplifying operation procedures and reducing exchange costs, the direct exchange between the RMB and the Australian dollar can also reduce the risk of intermediate links in the exchange, such as losses caused by fluctuations in the US dollar." Chen Jinlong said. < /p >
< p > data show that Australia's position in the import and export market of Quanzhou is further improving. Figures from Quanzhou foreign trade and Economic Cooperation Bureau show that in 2012, although the overall foreign trade situation was not optimistic, our city's exports to Australia still amounted to US $256 million, up by 37.1% over the same period last year, and the growth rate far exceeded that of the European and American markets. From the point of view of export products, the export volume of textile and clothing, paper products (including diapers), shoes and umbrellas, etc. is larger, and the export volume of paper products has increased by 130.4%. < /p >
< p > < strong > m / M investment or speed up to Australia < /strong > < /p >
< p > is precisely considering the economic complementarity between China and Australia. Quanzhou textile and garment enterprises are planning to invest in Australia. "With the opportunity of Shandong Ruyi group to buy the largest cotton textile enterprise in the country, we are going to build a Chinese textile and garment industrial park near the base of the cotton production base in the form of Baozhuang. This industrial park will contain a complete industrial chain from spinning, weaving to clothing." Chen Cangsong told reporters. < /p >
< p > "the main purpose of choosing to invest in Australia is to combine the high-quality cotton resources in Australia with the perfect textile and garment industry chain in Quanzhou, so as to reduce the production cost of enterprises." Chen Cangsong said, it is understood that in view of the current cotton prices, Australia's cotton and domestic cotton prices compared to a ton can be reduced by 6000 yuan. < /p >
< p > "use local raw materials for production, then sell directly in Australia." Obviously, domestic textile enterprises can not only reduce the cost of raw materials, but also reduce trade barriers by investing in Australia, and the realization of the direct exchange between China and Australia will make it easier to invest or buy in Australia. < /p >