Since this year, the yuan central parity rate against the dollar since the 18 times hit 2005 yuan reform.
The RMB exchange rate rise, perhaps to outside the national tourism and consumer to bring more “welfare”, however, for foreign trade enterprise, means that a sharp drop in orders, performance decline, profit compression.From known data, in 2012, only 6.2% of China’s foreign trade growth, not only increase than in 2011 dropped by 16.3%, and lower than the gross domestic product (GDP) of 7.8% growth.
Commerce ministry spokesman Shen Danyang admitted at a routine conference recently, the appreciation of the renminbi to make China’s foreign trade enterprises to export contract and profits are relatively large negative impact.Sampling survey on foreign trade company to the ministry of commerce also shows that due to a faster appreciation of the yuan, 77.5% of the foreign trade enterprise in 1 ~ 4 month contract profit fell significantly, 73.4% of the company is expected this year export profit can only be flat or falling.
With the currency pressure, tepid demand;, the rising cost of labor and raw materials.Foreign trade enterprise is suffering.
“At present in the appreciation of RMB, and relatively has continued to dollar depreciation, so our company of the original price advantage as the yuan appreciation will cease to exist. In order to maintain profits, enterprises have to improve the price of the product, in this way, we didn’t the enterprise the competitive advantage of the product is original, order of the enterprise is bound to be affected by a lot of.” there are said to the reporter, head of the foreign trade enterprises.
Part in the face of the pressure on the appreciation of the RMB, foreign trade enterprises have appeared even “have single dare not pick up”.”In the past order cycle can do three quarters to a year, now is a quarter, short even after only two months, more than a year of basic single all dare not meet. Orders without profit, preferred not to do.