The Appreciation Of The Renminbi Has Made Chinese Enterprises Have Greater Negative Impact On Their Export Contracts And Profits.

< p > 35 trading days, the 15 time since the new exchange rate reform, < a href= "http://sjfzxm.com/news/index_cj.as" > RMB < /a > is rising with a very rare momentum.

The appreciation caused the manufacturing enterprises to export contracts and profits, and complained repeatedly.

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< p > < strong > appreciation exceeds last year's < /strong > < /p >.

< p > data from the State Administration of foreign exchange show that since April, the RMB has been rising slowly in the first quarter. In the 35 trading days from April 1st to May 24th, the central parity of the RMB against the US dollar has hit a new high since 2005, and it has broken 6.19 points on the 24 day.

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< p > up to now, the central parity of RMB against the US dollar has appreciated by 1.57% this year, far exceeding the annual appreciation of 1.03% last year.

In addition, the RMB appreciation for the euro, yen and other currencies is more intense. According to the State Administration of foreign exchange data, the RMB's appreciation rate for the euro and yen has appreciated by about 2.6% and 19% respectively this year.

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< p > < strong > appreciation causes enterprises to be very worried. < /strong > /p >

Manufacturing enterprises, which have already been attacked by labor and raw material costs, have complained about P.

The head of an electronics company called "very worried". With a 100 thousand dollar bill, the RMB loses 100 yuan per liter, and the profit will be lost more than one thousand yuan.

Another private enterprise moved the factory from Shenzhen to the mainland because of the difficult export plan.

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Shen Danyang, a spokesman for the Ministry of Commerce, said recently that the appreciation of the renminbi has made the export and profit of Chinese enterprises suffer a greater negative impact. P

The survey shows that the phenomenon of "single dare not accept" is serious and export profits are further compressed.

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< p > there are market participants who intuitively reflect this impact by quantitative analysis: RMB appreciation is 1% per cent, cotton < a "_blank" href= "//www.sjfzxm.com/" > textile < /a > wool textile, a target= "_blank" href= "_blank" > clothing > industry profit margins will drop by 3.19%, 2.27% and 6.18%.

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< p > < strong > the price advantage of "made in China" is no longer < /strong > < /p >.

< p > some people are more worried that the sustained and rapid appreciation of the RMB will greatly weaken the international competitiveness of some traditional superior products and bring about irreversible negative effects on the "made in China" brand that is hard to build overseas.

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The absolute price advantage of "P manufacturing" has never been returned. In the post manufacturing era, Chinese suppliers must enhance their core competitiveness and enhance their ability to resist risks.

Pei Ke, President of global resources enterprise affairs, sighed after visiting many foreign trade enterprises.

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< p > Peng Wensheng, chief economist of CICC, believes that the regulation and limitation of short-term capital inflows increased by the safe and the weakening of domestic economic growth momentum also does not support the continued appreciation of the RMB. The appreciation rate of RMB will slow down.

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