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RMB Exchange Rate Upgrade &Nbsp; Foreign Textile Enterprises Pformation Or "Warm Boiled Frog"?

2011/1/14 9:12:00 136

Foreign Trade Enterprise

"If the renminbi continues to appreciate in this way,

foreign trade

The industry will fall into the door of life and death.

Zhejiang Tongxiang foreign trade group Limited by Share Ltd responsible person told reporters yesterday.


Yesterday, China

foreign exchange

Trading Center announcement shows that the central parity of RMB once again set a record high, 1 US dollars.

RMB

The latest offer is 6.5997 yuan.

Compared with the previous exchange rate reform in July 2005, the yuan appreciated 25.06% against the US dollar.

Foreign trade enterprises in our city lament: in the context of high labor and raw material costs, the continued slow appreciation of the renminbi is like "warm boiled frog" because it can not discuss large orders with customers, affecting the business strategy of enterprises.

Because of the increasing difficulties in foreign trade, some foreign trade enterprises try to pform and diversify.


Business is not good enough to be forced to earn less.


"The continuous appreciation of the renminbi has caused great pressure on the export oriented enterprises in our city, especially the manufacturing enterprises."

The director of the foreign trade department of the Municipal Foreign Trade and Economic Cooperation Bureau told reporters that last year, although the export volume of our city increased steadily, the profits of the enterprises did not increase correspondingly.


"We have calculated that the RMB appreciation will be 1 percentage points, and the profit of the company will be reduced by at least 3 percentage points."

The responsible person said, because the appreciation of the renminbi has greatly increased the cost pressure of enterprises.

If enterprises want to occupy the market and increase the cost, the price will naturally be raised, but the price increase will inevitably reduce the competitiveness of the products.

If we want to avoid being robbed of business by other countries, our enterprises only have to compress profit margins.

It is understood that many enterprises have to endure pain and earn less in order to occupy the market.


Textile, clothing and luggage are the traditional export advantages of Jiaxing, and the pressure on enterprises producing such commodities is relatively large.

"Vietnam, Philippines and even India factories have caused great pressure on us."

The head of an import and export enterprise in the city said.


The next station is diversified in foreign trade enterprises.


Several "Damour and Chris sword", including exchange rate, labor force and production cost, are hung above the foreign trade industry.

How can foreign trade enterprises break through? Reporters found that some enterprises in our city have considered diversified development, and seek more wealth opportunities outside the main trade.


Zhejiang Tongxiang foreign trade group Limited by Share Ltd chief told reporters that in the post crisis era, the traditional mode of foreign trade development is facing a bottleneck.

Foreign trade enterprises should try to develop new growth points.

"While protecting our export market, our group has already set eyes on industrial investment, equity investment, and even real estate."

The responsible person said.


And more manufacturing companies choose to "turn" in the industry. "Liangyou wood industry" is one of the Pathfinder.

According to Zhao Jianzhong, the export manager of the company, the export of enterprises has been severely damaged after the financial crisis. Despite the gradual recovery of the external demand market since 2009, the export market has been blocked again recently.

Many variables in the international market have finally determined the decision makers of the company to benefit the domestic market.

He disclosed that the company's investment in domestic sales amounted to tens of millions of yuan, the overall layout of the domestic network.

On the other hand, "Liangyou wood" has not given up overseas markets.

Zhao Jianzhong said that through the way of cooperation with foreign enterprises, we should open up new sales channels overseas.


Foreign trade enterprises have adjusted strategies and diversified development. Does this mean that the space for foreign trade development is getting narrower?

The head of the Foreign Trade Bureau of the foreign trade bureau said that although the difficulty of export is becoming more and more difficult, the enterprises involved in international trade have not reduced, and continue to increase.

"Only the way of participation is changing.

For example, it was originally a purely processing enterprise, and now it is trying to increase its manufacturing strength and sales channels through cooperation with foreign enterprises.

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