clothing import and export trade in Guangdong Shanghai Gang, general manager of the Extradition of these two days, some depressed.

6 19, the central bank suddenly announced the resumption of exchange reform, the 22 central bank set the yuan against the U.S. dollar 1 U.S. dollar median price of RMB 6.798, significant appreciation of the yuan on the 1st 295 basis points, which made her one day on the loss of 300000 yuan.

5 bright after trade data available, the G20 Summit Conference, the United States Senate and House members again on yuan appreciation pressure on the issue.Subsequently, the central bank suddenly announced that will further promote the reform of RMB exchange rate regime, increasing RMB exchange rate flexibility.It all seems logical.

secondarymarked appreciation of the RMB exchange reform back-channel point of view, although the official has been denied, it is undeniable that the formation of the RMB revaluation pressure on exporters, foreign exchange losses due to reduced profits.

" 2second exchange reform in the long term benefit, but our foreign trade enterprises, short-term will be affected." Extradition said.There are companies out of her millions of dollars in accounts receivable, after the yuan appreciation, this part of the accounts receivable to shrink dozens of million yuan.

However,where small and medium enterprises as the Extradition of loss is still controllable, but for large-scale foreign trade enterprises, the face of such significant changes in U-turn is not so easy.

GuangdongTextile Group Import & Export Trade manager Wang Li told this reporter that during the past few years has been a difficult transition, producing higher value-added products, seeking new markets.However, for large enterprises, the transformation can not be completed in a short time, the second exchange to change the company is facing new difficulties.

Extradition alsotold this reporter, for fear of exchange rate changes, and some even turned down foreign trade enterprises just hand the orders.Zhao Rong, general manager of AIA Dongguan Furniture Co., Ltd. issued in exchange reform received two days before the resumption of a sum of one million yuan worth of orders, which in the past seems to be a meat and potatoes, but now, it becomes a hot potato.

fearexchange rate changes, Chao Jung finally turned down the orders issued as required by the end of July delivery orders shall take, and is based in U.S. dollars." Now contractual, 2% revaluation in case two days, a few days a further appreciation of 3%, this is tantamount to waste a list." He said.

RMB appreciationis worried about the situation of foreign trade enterprises in general.Meeting changed to now only for less than a week, in the next period of time, the pressure of RMB appreciation still exist for enterprises, it means that exports will likely increase the cost of the product's low-cost advantage will cease to exist.

Although thereMany foreign trade enterprises, said," Now do not take orders for U.S. dollars, only then settled in RMB orders" , but this result is the loss of many orders.As Europe and the United States for the RMB is not authorized merchants, many enterprises in the final negotiations with foreign defeated.

there are datashow, after the yuan appreciation, foreign import and export of the most affected, reduce the trade surplus up.To maintain the scale of FDI in the same situation, every 1% appreciation of RMB will lead to reduction of China's annual exports of about 0.8%, imports decreased by about 0.4%, trade surplus by about 2.1 percentage points.

6 19, the central bank just announced that to further promote exchange reform, fiscal and taxation departments to put 22 large-scale cancellation of export tax refund rate policy.These two policies were introduced, means that economic stimulus measures are being phased out, will become the main direction of economic restructuring.

" onappreciation of the RMB against the U.S. dollar, the United States the pressure on, we will rise a liter, we must not respond with something like." Galaxy Securities chief economist Zuo Xiaolei said.She believes that while the U.S. to revalue its currency, at the same time does not allow us to increase the prices of export products, China's exports are mainly processing trade, low technology content, the price is the price of the buyer's market by order, do not raise prices rise, exports willwill be damaged.Therefore, unilateral appreciation of the yuan must not promote the entrepreneur talks with the United States importers to enhance the export price of processed products, is the most important.

countries madeMacroeconomic Research Institute of NDRC Zhang Yansheng, director of Foreign Economic Research Institute also believes that the first two years of China's foreign trade surpluses.Although China's trade surplus this year will be reduced, however, can determine that this year China's foreign trade surplus in the world will continue to maintain the pattern.Therefore, the short term, the trend still needs a stable yuan.

This articlepublished in published in the:China Trade Information (http://en.zgxu.com),please refer to the above Web site for more.