Merchants Of Canton Fair Seek Antidote

Because of the different pace of economic recovery, the main currencies of the major economies are now clearly divided.

The US dollar has gradually strengthened; the euro has been sharply depreciated by the European Central Bank's massive quantitative easing (QE).

In this regard, enterprises can not even cry.

Li Xi, manager of HUAYU Electric International Trade Department, said the depreciation of the euro led to a decrease of 20%-30% in exports to Europe in the first quarter and a sharp contraction in Russian exports.

If the US dollar is strong enough to stimulate exports to the US, the overall export performance will be greatly affected.

Li Ran, the sales assistant of the overseas marketing center of Zhongshan Donlim Electric Co., Ltd., Li Ran also complained to reporters that the profit margin of the small household appliance industry was not high. The depreciation of the euro led directly to the gross profit margin of the company in the European market from 7%-8% to 4%-5%.

In addition, due to the depreciation of rouble, the company did not have any new orders in Russia in the first quarter of this year.

Reporters visited the 117th Canton Fair Exhibition Hall found that by buying commercial bank's financial products, the exchange rate fluctuations will be locked in a certain range, becoming the most common way to deal with many Chinese companies.

In addition, further development

In order to diversify risks, it is also concerned.

It is worth noting that China's official advocacy "

The construction and Investment Bank of Asia infrastructure, which is conducive to accelerating the internationalization of RMB, is regarded as a panacea for expanding the market and avoiding the risk of frequent fluctuation of exchange rate.

Wang Wenni, assistant general manager of Guangdong Light Industrial Import and export Limited by Share Ltd, said the company had long been optimistic.

The market prospect, but because the local has been using US dollar settlement, its products almost failed to enter in the past two or three years.

"If we can use RMB to settle accounts, we believe that our exports to Iran and the Middle East market will be very impressive," Wang Wenni said.

Xia Anli, general manager of Guangdong Eagle brand ceramic Group Co., Ltd., general manager of international marketing center, admitted that the company had repeatedly expressed its wish to use RMB settlement with the customers along the "one belt and one road", even willing to reduce the quoted price by 1%-2%.

At present, the Central Bank of China has established RMB clearing arrangements in more than ten countries and regions, supporting the renminbi to become a regional currency for valuation, settlement and investment and financing.

The central bank also said that it will link up the strategy of "one belt and one road" to deepen monetary cooperation and promote RMB internationalization.

In March, the Chinese government issued the "vision and action to promote the co construction of the whole region". It also clearly pointed out that we should deepen financial cooperation and expand the scope and scale of bilateral currency swap and settlement of the countries along the line.