Chinese Exporters Or Biggest Losers In Yen Devaluation

< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201305/13/2013051314240568442.jpg "/" < < > >

P, the US dollar's sharp rise against the Japanese yen is nothing at all.

In the past 19 years, "a href=" http://sjfzxm.com/news/index_cj.as "/a" is the key to change the world economic structure, but this is a problem for China.

< /p >

Michael Shaoul, chairman and chief executive of P Marketfield Asset Management, pointed out in a report to clients that the US dollar fell to its lowest level in 19 years while the US dollar surged against the Japanese yen.

This means that the value of the renminbi is much more expensive than the yen, he said.

Although the performance of China's export industry has been over Japan for a long time, the issue of exchange rate may seriously affect the export competitiveness of the two countries.

< /p >

< p > he said that the reverse trend of the value of the RMB and yen has significantly affected the value of the yen relative to the renminbi.

< /p >

Earlier than Friday, the renminbi was 16.55 yen to the yen, the highest level since 1998.

The US dollar broke through the 100 yen mark against the yen and achieved its first breakthrough in more than four years.

< /p >

In the past, the Chinese government once imposed strict control over the RMB exchange rate, while the yen with risk aversion continued to revalue in a troubled market. P

< /p >

< p > now the situation has reversed.

In recent years, the United States has been putting pressure on China. At the same time, China also hopes that China's "a href=" http://sjfzxm.com/news/index_s.asp "economy" /a will turn to a consumption driven growth mode. Therefore, the Chinese government takes the initiative to take measures to guide the appreciation of the renminbi and the Marketization of the RMB exchange rate.

The Bank of Japan launched a massive bond buying program, causing the Japanese yen to enter a spiral downward spiral against other major currencies.

< /p >

< p > Shaoul points out that Japanese exporters have more competitive advantages than Chinese counterparts.

< /p >

< p > he added that the time of the fall of the Japanese yen is worse for China. However, at present, China's "a href=" http://sjfzxm.com/news/index_c.asp "export trade < /a" has already felt some pressure.

Although China's trade figures were better than expected in recent years, exports in April increased by 14.7% over the same period last year, but analysts believe that China's foreign trade situation may not be so optimistic because exporters may falsely report data for speculation in the appreciation of the renminbi.

< /p >

In the process of competing for global exports with China, P may have gained the upper hand for the first time.

< /p >

< p > Shaoul warned that this process is dangerous because it may further affect the tense political relations between China and Japan.

He also said that if Japan's monetary policy began to harm China's export industry, it is expected that the Chinese side will protest.

< /p >