Argentina Shoe Exports Have Never Declined In Recent Years.

Argentina Shoe enterprises Exports have been declining over the past few years, worrying that this situation will continue to deteriorate. They once complained that leather in Argentina was shipped overseas and abroad. Competitor Reap profit.

　　 Trade Association CIMA confirms that the export data of member enterprises has been down for some time. In 2012, the total number of Argentina shoe enterprises exported was 8 million 700 thousand pairs, totaling 36 million 600 thousand US dollars. In 2013, these data fell by more than 30% and 20% respectively.

Data in the first quarter of 2014 confirmed that the decline did not stop. In March of this year, Argentina exported 1 million 400 thousand pairs of shoes, earning a total income of only 6 million dollars. Compared with the same period in 2013, the data fell by 22.4% and 19.9% respectively.

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For those Russians who hold a large number of roubles, buying luxuries is not enough to consume the rubles in their hands. So many Russians choose to buy luxury cars to defend their savings. In the past November alone, sales of Porsche and Lexus surged 55% and 63% respectively. The ads that have been done by Chinese in Russia have bought the luxury cars, and the advertisements spread through WeChat and so on: "Lamborghini bat, Maserati CEO, Rolls-Royce phantom, purchasing luxury cars! All bills are transparent, formal tax paid. After returning, they can be licensed on a regular basis. Once again the voice is not smuggling!" according to the price of the picture, the Mercedes Benz sports car 6.2AT sells for 9 million 300 thousand rubles, Aston Ma. The price of Ding 5.9AT is 9 million 400 thousand rubles, and the price of Rolls-Royce 6.8AT is 9 million 807 thousand and 68 rubles. If we use RMB to estimate ruble 1:11, these luxury cars will be 800 thousand yuan.

The overall price hike or stop sale of goods is a "super shopping season" for consumers, including Chinese, who hold dollars and euros. It may be the "black shopping season" of Russian local names. Qi Li found on the 17 day, only one night, the hamburger of the school canteen rose from the original 50 rubles to 55 roubles, or 10%.

Due to the devaluation of the rouble, Moscow's price has started a full-scale rise, or nearly 20%. According to Bloomberg news, ElenaGrekhnyova, a professor at the Russian University, says she now has a daily expenditure of up to 1200 roubles, including eggs, dairy products and vegetables, which is 20% more than a few weeks ago. As a member of Russia's 114 million people, she also began to worry: "ruble falls off the mark, maybe I can't afford a new coat or $50 smart phone any day."

From an enterprise point of view, price rises are a helpless measure to offset the impact of the rouble depreciation on sales. McDonald's, Pepsi Cola and some cars and cosmetics are on the rise. What's more, stores are shut down directly, such as apple and Zara. According to the US CNBC report, apple official website in Russia local sales on 16 officially issued a stop sale statement. "Due to the extreme volatility of ruble, we are temporarily halting online sales in Russia, considering the price of the products. We apologize for the inconvenience caused by the customer. " It is not clear when the price adjustment will be. Apple's share price fell more than 1% after the announcement.

InditexSA, the world's largest clothing retailer, also closed its Zara flagship store in Moscow this month. In fact, last month, Apple's official website had suspended sales in Russia. Because the ruble, which continues to depreciate, makes Apple sell almost anywhere in Russia less than anywhere else in the world. According to the estimate of he mu, the price of iPhone6 in Russia is about twenty percent off of the official selling price in Hongkong. He Mu told the newspaper that apple did not have official flagship stores in Moscow, mainly selling on Apple's official website, as well as some agency stores. Before suspending the sale of official website, the local Apple products in Russia had gone through a price increase, or about 25%. Before the sale stopped this week, apple rose again. Qi Li bought 3 iPhone6 in one breath on the 15 day. It was learned that Apple's selling price in Russia rose again that evening, and apple officially stopped selling on Tuesday. She told the newspaper reporter that she had bought 3 pieces that day.

It seems that frequent price rises will not keep up with the shrinkage of rouble. Similarly, the embarrassment of Russia's benchmark interest rate rises. On the 16 day, the Central Bank of Russia announced that the benchmark interest rate would be raised to 17% because of the ruble's fluctuation. The exchange between the US dollar and the ruble broke through 60 and directly hit 67. Just last week, the bank has just raised interest rates to 10.5%. After 16 days of raising interest rates, rouble changed from 15 to 1 rupees for 1 dollars to 67.92 rubles. Since January this year, the price of Russian crude oil has declined, and the rouble has fallen by nearly 60%.

Philip Ug Lo, chief economist of MNI index (MNIIndicators), said that the serious devaluation of the rouble shows the seriousness of the currency crisis. (PhilipUglow) In his view, the current situation is already a clear manifestation of economic weakness. Under the background of sanctions imposed by Europe and the United States, the Central Bank of Russia will have a hard time to convince observers and investors that they still have the ability to prevent the recession. Ugro said: "the rise in oil prices may be beneficial to the Russian economy, but it doesn't seem to happen."

On the morning of 17, the White House announced that President Obama will sign a new Ukraine aid bill, which includes further sanctions against Russia's weapons and oil industry. For Russia's economy, which is already in a predicament, it is undoubtedly worse. Russia's position on sanctions in Europe and America is still tough.