Downstream Outlet Of Polyurethane Is In A Dilemma

Since 2008, the exchange rate of RMB against the US dollar has continued to rise.

Therefore, for this year, the appreciation of the renminbi has become a hot topic of concern.

The downstream export enterprises of polyurethane are in a dilemma.

The insiders say that the "6.5" of the RMB against the US dollar is already the life and death line of the RMB to the US dollar that the state-owned export enterprises can afford.

Although the line of life and death is not yet available, the survival of small and medium-sized enterprises and private enterprises such as textiles, leather and footwear downstream of Pu has been in crisis.

The person also said that any adjustment of policies should be grasped from the macroeconomic perspective.

However, he also said that the difficulties faced by foreign trade enterprises in adjusting their structures should also be taken into account.

Industry Association view Shanghai textile business association responsible person told reporters that this year, the exchange rate policy has undergone a lot of adjustment, is currently in a dilemma.

As a result of appreciation, the US dollar will flow through various ways because of the spread of interest, which will aggravate the imbalance of the balance of payments.

But at the same time, because of the expectation of appreciation, if we do not let the renminbi appreciate, we have to spend a large amount of RMB to buy the US dollar so as to maintain the stability of the exchange rate. This will bring serious challenges to the domestic monetary policy.