Export of electromechanical products, domestic export enterprises to zero by the depreciation of the euro

Half year ago 1 euro exchange RMB 10 Yuan, currently only confirmed to 8.4 Yuan, depreciation rates at 15%. As a result of global economic integration, any country of the exchange rate changes may have on others and of trade between the countries affected, this is no exception. The EU is China's major export market, China trade size of 16%, half a year to the depreciation of the euro, on Chinese enterprises have caused major shocks.

Zero's export of electromechanical products

TCL communication a bit tall, said yesterday that the depreciation of the euro now, companies have to fulfil the original contract, and European customers pay or euro, meaning that these orders do not have the money to make money.

In China, like the TCL communication like facing the huge cost of high pressure of mechanical and electrical products exporter. As the global economic recovery, as well as mild Chinese enterprises "going out" the acceleration of the pace, taking into account such factors as low cardinality of last year, import and export of electromechanical products in China this year there was a restorative growth.

And in this year's trade fair period, China Chamber of Commerce on 296 enterprises conducted by the research shows that although the electromechanical industry average product price has increased by 8%, but due to the rise in raw materials and labor, and so on, its average cost increased by 10%. Short-term profits over the same period last year fell by 1 percentage point. The euro depreciated even more of a profit level of the mechanical and electrical products.

"Galanz in Europe's orders is a dollar, there would be affected, but not great. "Galanz is responsible for overseas business manager liugui-pointed out that the depreciation of the euro affect China's commodity prices in the European market, but the problem is that Chinese goods in the European market prices have difficulty," Basic for the first half of the order has been completed, interfere in the second half of European exports, also 7, 8-month orders. "

In the face of the depreciation of the euro, brains, and electrical enterprise had to find ways to mitigate losses.

In the face of the euro continued soft, press spokesman for the Ministry of Commerce recently Yao Jian's routine news conference, Chinese export enterprises will bear greater cost pressure, and exports from China to Europe will be adversely affected, "we will further concerned about the situation of the sovereign debt crisis, China's foreign trade policy in a timely manner. "Yao Jian said.