14 may, at the eve of the opening of 108 105th, Anhui transactions of a responsible person in the stadium when the journalists about the exhibition: "since June this year, the Renminbi against the US dollar exchange rate has appreciated nearly 2%. Enterprises in export earnings is facing great challenges, Sino-US exchange rate of the export enterprises as a lump in the throat. ”
No single from "access" to "a single can't add"
As early as the 107th fair, foreign trade and export companies have reached a consensus that if the Yuan against the dollar 3%, profit will be gone. After only a few months, the Renminbi appreciation against the US dollar exchange rate distance 3% psychological bottom line only one step away, and some enterprises are already there.
Zhejiang era solar Deputy General Manager of the Bay of Jinhua in this interview, that exchange rate fluctuations on the manufacturing of industrial products export impact is very large, frequent price changes for customers is also very good. Monthly exports of $ 20 million, for example, RMB against the dollar will take 2% of the net loss of $ 40. "And the downstream businesses, in particular separate production battery components export enterprises, the profit margin is very low, often control bad loss occurs. ”
Trade mission to Anhui Province of Anhui tea import and export co., Ltd.-in-charge of journalists on the road: "since June, nearly RMB against the dollar 2%, the company has lost more than $ 2 million. In order to avoid the risk of exchange rate fluctuations, we will be a year of big list down into monthly out of the small single-and begin research, select some financial products to hedge exchange rate risks. ”
In the face of foreign trade enterprises on many of the RMB exchange rate, a Ministry officials all due respect: in the area of foreign trade in China, a large number of exporting enterprises of profit but 2% ~ 5%, the Renminbi exchange rate fluctuations in the foreign trade enterprises from 2008 financial crisis strikes, "no one may add" has evolved into today's "single can't pick"!
Exchange rate and the surplus is not inevitable relationship
Clearly, the RMB exchange rate have to 108 fair trading volume of orders in the dense fog. 14, Department of Commerce's International Trade Division business Counsellor in Su Crystal fair at the press conference, pointedly noted: "the exchange rate is not the key trade imbalance. Some countries cannot hope through the appreciation of the Renminbi to improve economic and trade structure, and cannot take responsibility for the world economic imbalances to China. At the same time, China is vigorously alterating, adjustment of economic structures. China's economy, especially the exchange rate, if in the process, what are the problems that the world only bad, not good. The bad thing is not only to China, to other countries. ”
In fact, from July 2005 since the reform of the Renminbi exchange rate mechanism, the appreciation of the Renminbi against the US dollar probably 23.8%, especially in July 2008 to February 2009, the most difficult in the world economy, the RMB is not depreciated, but real effective exchange rate rose by 14.5%.
"The financial crisis, international major currency devaluation, competing in the RMB exchange rate remained stable, the world economic recovery has made an important contribution to the stability of China foreign investment environment also plays an important role. "Su Crystal said.
Su Crystal further pointed out that, in practice, a country's exchange rate is balanced, academia and not conclusive. From these years of development, the appreciation of the RMB exchange rate, with some of the country's trade surplus, deficit situation there is no causal associations. In other words, surplus and the relationship between the exchange rate is not inevitable. Therefore, in future, RMB will also continue to adhere to market supply and demand basis, maintaining the equilibrium exchange rate at a reasonable level of stability.
In any case, the exchange rate of just before the storm clouds will export Enterprise pressure stifled. To this end, the Chunlan Group General Manager Feng bin said that the exchange rate problems like funny weather, as enterprises since around it, the inability of the lay their own "umbrella". This "umbrella" is increased through technical innovation, added value through quality to win in the marketplace.
The initiative promotes its own product competitiveness and positive change in foreign trade and export development approach, it might be the exchange rate of China's foreign trade enterprises only positive factors.
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