Monday, April 25, 2011

Export enterprises on the European business in resuscitation confined

Only half a year, the Renminbi exchange rate against the euro fell two consecutive integers, has now entered the era of "8". Accelerated depreciation of the euro has caused market loss on export-oriented companies order, exchange losses, issues of concern. Last year suffered euro exchange rate fluctuation loss of Seagull bathroom told reporters that at present the company exports to Europe last year, the financial crisis in their volume has increased significantly, and accompanied by the recovery of the euro area economy has grown steadily, as a result, companies do not feel the impact of the devaluation of the euro.

Foshan lighting, Guangzhou ggec and Qingdao gold King and other companies have told the press gives a similar answer. Qingdao kingking even told reporters that the expected growth in the first half performance 100% above the main factor is the export orders over a larger growth.

The above companies and business people, not yet spread to Europe loan crisis because of China's exports mainly includes three aspects: first, the export quota in the first half of last year a lower current business growth including premium inventory and demand recovery; second, exports to the EU's obvious advantages in commodity prices, the depreciation of the euro; its limited impact, the risk of exchange rate fluctuations have prevented, when entering into a single General additional 3% of exchange rate fluctuations.

Although business growth ironing the European bonds, but if the exporters with the euro collection, then face devaluation risk. In the interview process, Guangzhou company admits to reporters: "Although the steady increase in the volume of business in, but because the company has a section's receivable is a quarterly euro, so the continued depreciation of the euro on the company resulted in a loss. ”

This year, the depreciation of the euro against the RMB accumulated more than 14%, even according to the 3 month period of about 3% of the exchange rate against the euro, the recent depreciation of the value it has made it shrinks dramatically. In other words, if a company holds 1 billion euro at the beginning of the receivable, its current loss of approximately 10 million.

Of course, domestic enterprises exports to the EU of orders to dollar. Guangzhou ggec says: "the company's export mainly to dollar, not euro. "Lutai A, Qingdao kingking equally so, exports mainly to the US dollar, euro, euro, foreign debt is also less, thus the depreciation of the euro on the performance of tiny.

Although it is not just euro crisis affects China's exports, but China's merchandise exports to Europe's advantage is facing challenges. A security researcher, told reporters that the number of exporting enterprises worry about policy changes, plus the cost increases, the pressure of increased trade protection, unilateral prudent, even can't add long single, big list within 3 months of short single than ever before.

Known as the "foreign trade wind vane" and "barometer" of Canton fair ended recently in Guangzhou, in the Canton fair, domestic enterprises and EU procurement, order a decline compared with the autumn fair, 15.2% slight change or even be part of the industry as euro crisis Chinese exports of signals.

In fact, the continuous devaluation of the euro has raised the awareness of companies, a public company in the interview, they acknowledged that, since the devaluation of the euro continued to European customers of procurement costs rose sharply, many purchasing are hoping to lower price, therefore, the second half of the price plus 3-5% of exchange rate changes.

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