The euro depreciated in EU trade numbers

Just half a year, EUR/USD from "10-prefix" to "8-prefix" significantly shrunk nearly 20%. European Union Chamber of Commerce in China and the Pearl River Delta chapter Chairman Wei hao recently said that the weak euro, will discourage investors ' confidence in the euro area economy, the EU trade numbers. European companies in China to buy accessories, or at the China Sourcing and processing of products exported to Europe, the cost will rise.

Half a year the euro depreciated nearly 20%

As Dubai and some European countries sovereign debt crises of the outbreak, market funds search for flowed to dollars again great danger, the euro fell sharply again. Since the end of November 2009 the beginning of the euro against the RMB exchange rate fell from near by 10.32 27 may decrease of 8.3258-19%.

Comments noted that the EU is in response to the debt crisis of the moment, the existence of the euro area economy double the risk of a recession. To this end, the Wei Hao expressed his worries: "in Europe the biggest problem is that in addition to Greece, the other euro area countries are also affected by the pressure, such as Portugal, Spain and Italy, this affects the economic recovery of the euro area. ”

The debt crisis of the "Europe will not be on China's economy is too large, just on the impact of Chinese exports to the EU. "Wai-Ho, the EU is China's largest trading partner, now the weak euro, will discourage investors ' confidence in the euro area economy, China's export business in Europe has increased by degree of difficulty:" comparison of this year's trade surplus decreased over the past two years, the payments will be improved. ”

The growth of China exports to the EU will decrease

"The recent Euro exchange rate fluctuations, operating income for the company to really bring about considerable pressure, was not less orders as early as three to six months before the price is locked. "TCL communication a high-level media complains of the depreciation of the euro means that previous orders have no money.

While the Department of commerce international economic trade Dean Hogg Foundation for media that European sovereign debt crisis for China's foreign trade in more serious: "the 5 ~ 6 month and third quarter reaction will more obvious that the growth of China exports to the EU might be reduced by 6% to 7%. "It is understood that the affected exporting enterprises mainly Mechatronics enterprises, because exports of electromechanical products accounted for more than half.

"The devaluation of the euro, not only have an impact on Chinese exports, but also on the European enterprise cost pressure. "Wai-Ho, said Europe many export-oriented enterprises but also from China to buy accessories for these companies, the euro depreciated means production costs rise. At the same time, for processing in China and exported to Europe after sales of European enterprises, the cost will be increased.

Cost increase EU investment will reduce

In addition to the import and export trade affected, the euro depreciated is also bound to lead to EU countries overseas investment rising costs, thus tightening the investment share.

"Affected by the global financial crisis and other factors, Korea currency depreciation, directly led to the October 2008 to the beginning of 2009, Korea substantial reduction of overseas investment. To this end, we expect that the depreciation of the euro is also bound to lead to the EU countries to tighten up the share of overseas investments. "Given this expectation and consider, Guangzhou international investment promotion center, Minister Xie Xiaohui says:" to increase overseas promotional efforts at the same time, we also help foreign investment enterprises to open up local financing channels and to find high-quality Chinese partners. ”

"The investment will increase the degree of difficulty, but not for large and medium-sized enterprises investment plans. "Xie Xiaohui laughs:" the Chinese market is huge, it is contested terrain, in all enterprises long-term appreciation of the Renminbi, the sooner you expect investment means lower costs. ”