Deputy Minister of Commerce of the state: not to increase RMB exchange rate

The Deputy Minister of Commerce, Zhong Shan, told reporters at the Canton Fair yesterday that after negotiations with the United States, China and the US had reached an agreement, the Chinese foreign trade policy remained basically stable and the RMB exchange rate remained basically stable. On the eve of the exchange rate boost for exporters, the US pressed the renminbi to appreciate, giving exporters a new haze after the financial crisis. "If the exchange rate is higher, exports will certainly be affected." "Guangzhou Wuyang Motorcycle Co., Ltd. in charge of Kuzhunsen to reporters complained that the industry has been rumored that the exchange rate will be increased within 2 months, after the enterprise assessment, the increase in 2%~3% scope can be digested," the profit of 20 U.S. dollars to 30 U.S. dollars of products no problem, but the profit is only 5 dollars, 10 of dollars of products cannot afford exchange rate adjustments.　　He said that the increase in the exchange rate, but not to the price of customers, corporate pressure virtually increased. Data show that China's textile industry exporters profit margins only meager 2%~3%, once the renminbi "is appreciated", some small and medium-sized enterprises will not be able to face international competition, and may even further endanger the banks to lend loans to these enterprises.　　From the international perspective, foreign-owned enterprises accounted for a large proportion of Chinese exporters, the appreciation of the renminbi means that these enterprises, the price of goods and services, the export of multinational enterprises will not only be greatly reduced, consumers will also bear higher costs, the need for consumption-driven world economy is unfavorable. Enterprises to eat assurance turnover big increase vice Minister of commerce in the United States in the early days of a series of convincing interpretation work, he told reporters yesterday, China has identified the "two basic stability policy", that is, foreign trade and economic policies to maintain basic stability, the renminbi exchange rate to maintain basic stability. The latest news, the export companies on the Canton Fair said they had eaten "reassurance."　　Ortiz Audio Company in Baiyun District, Guangzhou, said that the exchange rate did not improve the confidence of enterprises, the first quarter of this year exports increased by 40%, in the case of stable exchange rate, this year exports are expected to have greater growth.　　A Guangdong Huizhou Electronics production Enterprise leader, the Canton Fair opened three days, has been with more than 1000 customers from more than 80 countries contracted, this year, export growth reached 15%. (This source: Information times author: Zhao Enron)