Yesterday evening, the day suddenly face Ningbo: lightning, clouds, and rain. The same yesterday, many people do foreign trade in Ningbo also experienced a mood thunderstorm.
RMB against the U.S. dollar a liter up again yesterday, the RMB against the U.S. dollar into the "6.3" era. RMB against the U.S. dollar exchange rate has risen to 6.3991. Thus, one side is affected by raw materials, labor and other cost pressures of the business, they say, profits thinner, more and more difficult to do foreign trade business; side is going to Hong Kong, France cargo sweeping the "Shopaholic", they said, spend the same money can buy more things.
Reporters Yulin Feng
Foreign companies are worried
Because the price increase, customers have begun to run a single small
Zhu Xudong, Noble Garment Industry Co., Ltd. Ningbo International Manager, see the exchange rate with the same meal, every day must be done yesterday morning, he knew the RMB exchange rate has risen to 6.3991 against the U.S. dollar.
The last two years, the yuan has been rising. Foreign trade enterprises in the appreciation of the renminbi is almost "fight."
Back in 2008 the international financial crisis, Noble clothing orders with foreigners on the use of renminbi-denominated it means that the turnover on the contract unit is the yuan, to really deliver that day, according to the exchange rate of yuan to the dollar money. Zhu Xudong said China's raw materials and production costs are rising, the RMB appreciation, and depreciation of the dollar earned, it is equivalent to more and more money spent and earned less and less money.
Renminbi, RMB appreciation to avoid the risk of this approach in the Noble garment to promote the open, and now the list yuan-denominated share of four percent.
BeforeNoble Garment also try to use the euro as a settlement currency, but the end of 2009 to early 2010, 1 euro suddenly fell from 10 yuan RMB 8 yuan more than the euro's fluctuations, the businesses, the risk is too difficult to control the euro will gradually withdraw from the settlement.
"RMB appreciation is growing, negative impact on business is certainly growing. The cost of growth, with customers to share some of the factories." Zhu Xudong, said they now will basically tell the customer about three months ahead of price information. Because of price increases, there have been a single run, but fortunately are some small clients.
Want to take some large single-diluted product cost
Four or five in the afternoon yesterday, the reporter played four or five consecutive phone, the other are various companies dealing with foreign trade manager unexpectedly, the same call and afterwards, one of the managers said, the RMB exchange rate breaking the 6.4 day Basic not too busy, to recalculate the cost, keep the factory communication, but also keep customer communication.
Since early August, the RMB against the U.S. dollar trot, Crack 6.44,6.43,6.42 mark yesterday, the central parity of RMB against the U.S. dollar exceeded 6.4, at 6.3991.
Reporters calculations, January 4, 2011, 1 U.S. dollar against 6.6215 yuan yesterday, the number has fallen to 6.3991. This year, the RMB exchange rate appreciation of about 3.36%.
Coincidentally, yesterday, four international organizations Alibaba level buyers to purchase Ningbo, which some people are more familiar with Lotus supermarket in Thailand, the UK's top auto parts retailer HALFORDS etc. In order to eat the mouth "cake" Ningbo more than 300 factories by the opportunity to understand them.
Import and Export Co., Ltd. Ningbo Dulux Sales Director Qiufu Zhong said they hope to take some of the big list, rely on large-scale to diluted product cost,Guaranteed profit margins.
For the appreciation of the renminbi, an agricultural products export company is responsible for a lot of companies who say the truth: "orders will be more cautious, in general, the psychological impact of RMB appreciation may be greater than the actual."
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