Monday, January 3, 2011

The interest rate or lacking wind tight export enterprises

"Interest rate in December has no suspense. "Industrial Bank senior economist with robust political Commissar.

At first glance, the Central Bank raised interest rates for deposits and loans seemed to have nothing to do with foreign trade enterprises but actually, interest rates, foreign trade enterprises behind the increase in the cost of the loan and the grant to revalue further increased.

Expert with respect, the domestic bid farewell to "negative interest rates era" will be inevitable, and learn to cope with and adapt to current foreign trade company is the best choice.

Chinese Academy of Social Sciences Institute of world economics and politics Division Director, international trade, more obvious songhong pointed out that the pressure will be the production relies on loans of foreign trade enterprises, the cost will increase occupation of funds; and interest rate increase in the investment of RMB revenue, and increase appreciation of the renminbi is expected, will make the business of foreign trade enterprises are more difficult to do.

Xiantao city, Ding into non-woven products co., Ltd. Business Manager Ma Yan with respect, the company has a 50% share of the domestic business, coupled with the boss's personal relationship, so financially fairly comfortable. However, she mentioned that a lot of small and medium-sized foreign trade enterprises are relying on loan turnaround.

For example, involving export refunds, because rebates must lag unobtrusively, plus the portion of the customer delays payment, etc., which require the enterprise to loan to maintain capital chain. Ma yan said that once the interest rate increases, the impact of these enterprises is very serious. In addition, she also said that for a long time, the production and management of foreign trade and export of purely rely on small and medium-sized enterprises are more difficult to obtain credit in the Bank, if the interest rate, interest costs increase, these SMEs access to bank loans in the hope that it will be even more remote.

Anhui Hanyang international trade development co., Ltd. Manager Li Hui pay for fear of possible arrival of the appreciation of the renminbi is expected. "A month in November, as the Renminbi against the US dollar exchange rate fluctuations, now goods haven't they had losses of $ 20, 000 ~!" Li Hui pay said, "If the Renminbi against the US dollar exchange rate, how do you rise to the quote?"

Interview, Li Hui pay many times referred to in the country for their own bags way-out "found". He said that the year order would like to add is not received by export business make him feel discouraged, but hope you can come to the "compensation" in the domestic market. "Want to be good, but in the short term and where to find market?" said Li Hui-pay.

For foreign trade enterprises of various fears, songhong expressed his understanding. He also admits that enterprises do not have to worry too much. In his view, the rates of change should not be fatal to the enterprises, and domestic bid farewell to the era of the "negative interest rates will be big trend", or to accommodate progressive rate hike, learn to accept it.

As regards the potential appreciation of the renminbi is expected, songhong believes that the practice of foreign trade enterprises now have more mature, fixed by Convention or under settlement is the exchange rate situation conditional adjustment, are good response.

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