Order Pfer Is The Biggest Test For Textile Export Enterprises.

The devaluation of the RMB P has given the exporters a long time to bear the pressure of cost.

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< p > < strong > < a > href= > http://www.91se91.com/news/index_c.asp > export profit > /a > increase > /strong > /p >

"P can finally catch a breath!" Mr. Guo, director of a shoe enterprise in Jinjiang, told reporters that in the past two years, the export enterprises of textile shoes and clothing basically maintained a slight profit of about 3%. Last year, the RMB continued to appreciate, and every time they quoted prices to customers, they had to weigh them repeatedly. They were worried about the order running, and also worried about the fluctuation of exchange rate, and the profits were gone.

"Since the beginning of this year, the RMB has fallen by more than 3% against the US dollar, which means that if the bill is settled in dollars, the company will be able to make profits if the exchange is settled now."

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< p > it is understood that < a href= "http://www.91se91.com/news/index_c.asp" > RMB < /a > each depreciated 1 points, exporting 1 million US dollars, making a profit of 10 thousand yuan in the settlement of foreign exchange.

Guo told reporters that these two days, taking advantage of the good money is stepping up the repayment and settlement.

"We have just concluded a sum of US $200 thousand, which was priced at 6.08 in November last year according to the US dollar exchange rate. When it was settled, it was converted into RMB at 6.18 of the exchange rate, which directly increased the profit of 20 thousand yuan."

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< p > "our customers are mainly in Europe and the United States, most of which are settled in US dollars. As foreign customers place orders, they usually pay part of their loans in advance, and on the books, the expected profits have improved."

Qiu Qingyun, general manager of Quanzhou Lerong bag Co., Ltd., said that the depreciation of the renminbi has relatively reduced the cost pressure of the export enterprises, to a certain extent, buffering the business pressure brought by the rising cost of labor and other costs.

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< p > < strong > < a > href= > http://www.91se91.com/news/index_c.asp > > exchange rate > /a > risk should not be underestimated < /strong > /p >

< p > although export enterprises generally believe that the depreciation of RMB has increased profits of enterprises for a short time, the pressure of export cost has been reduced to some extent. However, some enterprises are more worried about the risk brought by the fluctuation of exchange rate.

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"P >" is also a worry about the risk of two-way fluctuation of RMB exchange rate.

Mr. Guo told reporters that the Yuan's farewell to the unilateral appreciation which lasted for many years has also increased the difficulty of business judgment. Many lists were taken last year, and prices were priced at the prevailing exchange rate. If the RMB continues to depreciate, it will benefit from the settlement.

However, there is great uncertainty in the future direction of the RMB, which in fact increases the difficulty of quotation.

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Chen Cangsong, Secretary General of the chamber of Commerce of Fujian textile and garment export base, said that for enterprises, it has become used to doing more than RMB in the past and shorting the US dollar in the past. P

When the fluctuation rate is further expanded, it is necessary to reconsider when to settle foreign exchange and hedge.

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Qiu Qingyun also worries about the risk brought about by the fluctuation of RMB exchange rate (P).

He said that when the renminbi appreciated unilaterally, the export enterprises would fully take into account the factors of RMB appreciation and price control when they quoted and signed contracts to foreign investors.

But now that the RMB exchange rate has suddenly changed dramatically, foreign investors may ask for a new offer or take a wait-and-see view.

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< p > < strong > order pfer is the biggest test < /strong > < /p >.

< p > RMB appreciation has been considered as one of the factors that affect the survival of foreign trade enterprises, because under the pressure of RMB appreciation, the cost advantage of Chinese export enterprises is further lost, and the instability of buyers is increasing.

Can the depreciation of RMB bring benefits to the export enterprises? < /p >

Chen Cangsong is more worried about the negative impact of the pfer of international orders to export enterprises than the short-term benefits brought about by the depreciation of RMB P.

"Over the past three years, 10% to 15% of orders for textile and clothing products have been lost to Southeast Asian and South Asian countries such as Vietnam, Kampuchea and Bangladesh every year."

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< p > besides, the United States and the European Union have adopted a number of trade protection measures to increase the international trade frictions, increase export barriers and increase export costs.

"For example, Vietnam, Kampuchea, Thailand, Indonesia and other Southeast Asian countries export only 2% to 3% of the EU's textile tariffs, while China's textile exports to the European Union need to collect about 12% of the tariff."

Chen Cangsong said that export enterprises should not rely on the depreciation of the renminbi to enhance their competitiveness, but start from the promotion of products and produce products with high added value. On the other hand, they can consider "going out" and setting up factories in countries and regions where labor costs and tariff costs are relatively low.

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