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Export Enterprises Dare Not Place Long Orders Because Of The RMB Exchange Rate

2011/10/17 14:34:00 280

RMB Exchange Rate Puzzles Export Enterprises

   Labor price The cost of raw materials has risen Trade protection As the shadow of the RMB exchange rate is lingering, the United States has stepped up its pressure on the RMB exchange rate issue through legislation, which has added new concerns to trade enterprises. The Canton Fair was held in Guangzhou on the 15th, and many Chinese export enterprises were interviewed and said they were worried that the revaluation of the RMB would further squeeze them meager I dare not place long orders for profits.


"By doing so, the United States will be a heavy blow to many export-oriented enterprises in China." Yang Changchun, deputy general manager of Nanjing Boye Group, said that the company mainly produces small electric tools, and all export businesses are settled in U.S. dollars. Over the past year, the exchange rate of the RMB against the U.S. dollar has appreciated from about 1:7.1 to about 1:6.3 Terminal price When it is difficult to upgrade synchronously, the RMB will appreciate range All are converted into enterprise costs.


Chen Haiming, general manager of China Star Group Foreign Trade Company, said that after the US Senate passed the RMB exchange rate bill, he had proposed to major US purchasers that the order price in the first quarter of 2012 should increase by 3% on the current basis to offset the expected appreciation of RMB in the next six months. However, this price increase request has not been completed and needs to be negotiated again.


Long Haiming, manager of the overseas marketing company of Guangdong Fenglv Aluminum Industry Co., Ltd., said that, as the 2012 US general election approached, the US used the RMB exchange rate to "talk" out of political struggle to appease the unemployed and ease the pressure of domestic public opinion and public attention.


Before that, the organizing committee of the Canton Fair had fully estimated the impact of the RMB exchange rate. Liu Jianjun, spokesman of the Canton Fair, said that the uncertainty of the RMB exchange rate made buyers and exporters more inclined to sign short and small orders.
 

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