According to foreign media reports, a Reuters survey showed that the Chinese yuan against the dollar rose to 6.28 yuan, will cause losses to Chinese exporters. A Reuters poll this April showed that companies could only withstand a modest appreciation of 6.5. If it continues to appreciate, it will push exporters to raise their product prices to stabilize margins. A Reuters survey of 102 Small and medium-sized enterprises in China's Canton Fair found that 83% of manufacturers said their export business had been damaged since China restarted the reform of its currency regime in mid-June. The survey found that exporters may be able to withstand the renminbi against the dollar to rise from the current level of 5.9% to 6.28, but further appreciation will make it loss.
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