60% of the suppliers are expected to lead to the appreciation of the Renminbi overseas orders decline

Appreciation of the renminbi is caused by the exporter on overseas orders decline worries. Is Hong Kong global sources sourcing fair autumn released a survey showing that 60% of the interviewed companies represents the exchange rate change will result in a decrease of export orders, of which 8% of the respondents also pointed out that the appreciation of the Renminbi would seriously affect their business. And in response to the impact of exchange rate movements, vendors start improving export quote.

This survey of 239 companies namely telecommunications, home and fashion accessories, clothing, fabric, metal, sports and security and other products of the supplier, nearly half of the interviewed companies located in Guangdong, 24% from Zhejiang, 14% are from Fujian. Of these, 60% of the interviewed suppliers pointed out that exchange rates will result in a decrease in export orders. More than a third of respondents indicated that the vendor is RMB 2 per cent or more, their exports will begin to decline; the other 32 percent of respondents pointed out that the appreciation of 3% will cause exports decreased.

Foreign trade experts, world resources exhibition Department Tan Wai Wong, Chief, in response to the risk of exchange rate changes, some vendors to enhance the export price to offset the Renminbi appreciation effect has a few vendors started with a $ 1 dollar 6.6 for export of RMB exchange rate, and the current exchange rate quoted is 1 dollar 6.68 Yuan or so. And research, there are 3% of companies plan to RMB as trade deals in base currency.

European and American economic regression, raw materials prices, labour costs increased significantly, rate… How to deal with the current situation of foreign trade has become increasingly sophisticated as many Chinese exporters must consider.

Yellow-Tan Wai was that, while Europe and the United States economy suffered a heavy blow, but Wal-Mart's first three quarters of retail sales also grew by 2%, indicating that there is no daily consumer goods, the maximum impact should be durable goods and low price products. And emerging market growth exceeds the European and American market drop. In this case, the exporter should learn to juggle two markets, in opening up foreign markets, but also to the progressive development of the domestic market.

Reporters found that this survey, 30% of the interviewed companies will focus on the development of the domestic market to respond to the current export situation.