Events: Rose above 6.7 yuan mark against the U.S. dollar export enterprise bargaining under enormous pressur
| Event Details:
Rose above 6.7 yuan mark against the dollar yesterday, said the Foreign Ministry is not expected strong appreciation of the renminbi
Central parity of RMB against the U.S. dollar exchange rate reform refresh 8th consecutive new high since yesterday, with more than 6.7 mark. Reporters learned that many foreign enterprises have adopted the long-term _set_tlement to reduce losses caused by exchange rate fluctuations.
News
According to the Xinhua News Agency, Foreign Ministry spokeswoman Jiang Yu said yesterday that China-US trade imbalance in the exchange rate determined by the international division of labor rather than the appreciation of the RMB will not solve the U.S. trade deficit. Jiang Yu, said the yuan appreciation is expected not strong.
Export enterprises in Guangdong after the financial crisis just to see the trace of turn, facing the sudden pressure of RMB appreciation. Company official said, the third and fourth quarters of export trade of the season, many orders ready in the near future _set_tlement receivables. If the yuan appreciation accelerated, when the _set_tlement enterprise will suffer heavy losses.
Chaozhou terracotta Productions Ltd, told reporters: "how much the RMB appreciation, I will lose much. Take this week, the ship did not get the money as well as orders on hand together with 500 million, but a weeks on the loss of nearly 500,000 yuan. "
Data
Such as the appreciation of the RMB exchange earnings decreased 3% 20 billion Guangdong
Guangdong Foreign Economic and Trade Office of the Deputy Director Zheng Jianrong in an interview with reporters yesterday, said, "Although the RMB appreciation on import and going out of business has had a positive impact, but the negative impact of foreign trade are many." Zheng Jianrong said the yuan appreciation will directly reduce the company's export volume. "From Guangdong, we have a measure, then the yuan has appreciated 3% if so, will reduce foreign exchange earnings of exports 200 billion yuan means that corporate profits will reduce the 20 billion yuan." (Source: Guangzhou Daily)
(Editor: TIAN Ying) |
|
|