The most popular RMB exchange rate rose to a recor

2022-08-07
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The RMB exchange rate rose continuously to a record, and the impact of Sany Zhonglian was weak.

the RMB exchange rate rose continuously to a record, and the impact of Sany Zhonglian was weak.

it is worth mentioning that China Construction Machinery Information

Guide: according to the voice of the economy, the central parity rate of RMB against the US dollar was at a record high of 6.1856 yuan on the 29th. After six consecutive times of hitting a record high, the central parity rate of RMB against the US dollar stopped its momentum of reaching a new high for two consecutive days. Statistics show that in the 36 trading days from April 1 to May 27, the central parity rate of RMB against the US dollar has set a new level for 16 times since the exchange rate reform in 2005

according to the voice of the economy, RMB 6.1856 was set at a record high for six consecutive times on the 29th, and the central parity rate of RMB against the US dollar stopped at a new high for two consecutive days. Statistics show that in the 36 trading days from April 1 to May 27, the central parity rate of RMB against the US dollar hit a new high 16 times since the exchange rate reform in 2005. Since the beginning of this year, the RMB has appreciated by 1.72% against the US dollar, exceeding the increase of last year. In the face of such continuous and rapid appreciation, many enterprises complain endlessly

yuanyuchang is the boss of a garment enterprise in Guangdong. He has been engaged in the processing and export of ready-made clothes all the year round. Although he has made many old overseas customers, it is inevitable that he will be robbed by old customers. Yuanyuchang: "he said, don't move your MMK today. We'll exchange RMB with you tomorrow for these MMK. MMK is 6.6 today and 6.5 tomorrow. He only gives the employees waiting for work 800% of the minimum wage in Guangzhou every month. It's still cost-effective to change it tomorrow."

yuanyuchang's experience is not a case. Since the beginning of this year, with the continuous and rapid rise of RMB exchange rate, many textile and garment enterprises in Guangdong and Zhejiang have been seriously impacted. Enterprise boss: "reduce the quantity by 30%. We dare not make external orders. We can only make domestic orders in Guangdong wholesale market. In our business, we can only keep raw materials and do not produce so many spot goods."

facing such a dilemma in the textile industry, Qushiwei, deputy director of textile and Garment Chamber of Commerce of China Federation of industry and commerce, explained the reasons: "Such foreign trade enterprises place orders early. For example, when they place orders on May 1, I will quote at the exchange rate on May 1. If the RMB appreciates, it will be equivalent to the loss of its profits. Originally, the profits of such foreign trade clothing enterprises are poor, and the exchange rate is rising. They may all lose money, but they have to hand in the list for credibility."

in addition to the textile industry, the export business of small household appliance enterprises has also been greatly impacted. Shen, manager of Ningbo Kefei Electric Appliance Co., Ltd., said that it is now the off-season for the sales of small household appliances. Coupled with the rise of the exchange rate of the local currency, the company is losing money every day: "it has directly affected the profits of the enterprise. One to two points. Its appreciation is more and less. So far, our profits here are much less. Now, even if we lock up the foreign exchange, it is not good in the later stage. It is too fast!"

unlike traditional industries such as textiles and small household appliances, high-tech product enterprises do not seem to be impacted by the appreciation of the RMB. The national export commodity data of the General Administration of Customs in April this year showed that both electromechanical and high-end technology products maintained a high export growth rate. What is the reason

zhudacheng, who is in charge of excavator export business of Sany Heavy Industry, said that although the rise of exchange rate will have a slight impact on the profitability of the enterprise, the overall export business of the company increased by nearly 60% from January to April this year compared with previous years. The original list is as follows: because it is still the development strategy of the whole industry chain model of the enterprise: "it is to develop the anti risk ability in the whole industry chain, so we make our own oil cylinders, slewing supports and aluminum strips. For example, I have already produced our own controllers. Therefore, in the international market, whether your exchange rate is up or down, it actually has little impact on us. My anti risk ability is very high!"

in addition to building a whole industry chain model to deal with risks, domestic enterprises will also establish overseas user centers and provide flexible and comprehensive supporting services to increase customer stickiness. Taosiyang, deputy general manager of Zoomlion overseas, said that the rise of exchange rate has a certain impact on product prices, but the export structure is generally good: "price is a factor. From the perspective of customers, we will provide financial leasing services, solve their short-term difficulties in using products, and provide a solution. Especially in overseas markets, we need such methods to improve exports."

it is generally believed in the capital market that when the RMB exchange rate is in the rising channel, the aviation and paper sectors will benefit. Wang Jian, the Board Secretary of China Eastern Airlines, said: "the company has developed rapidly in the past few years and the next few years, so the company has relatively large liabilities. 70% to 80% of the liabilities are foreign currency liabilities. The impact of exchange rate will be reflected in the company's book, and there will be exchange gains."

the change of RMB exchange rate has different effects on different industries. The expectation of RMB appreciation in a period of time has become a subject that traditional labor-intensive enterprises must face, and the transformation and upgrading of traditional enterprises is imminent

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