The shadow of exchange rate makes the export-oriented enterprises afraid to take long list

Guo Lichen's 5-day Canton Fair was today the fourth day of the most crowded.　　As most of the exhibits are mechanical and electrical products, and electromechanical products accounted for more than half of China's exports, so, the first phase of the transaction for China's foreign trade, is an important precursor signal. On the opening day of the Canton Fair on October 15, two news was striking. The first is the China Foreign Exchange Trading Center announced that the renminbi against the U.S. dollar on the day the median price of 6.6497 yuan, the new record; second, on the evening of October 15, Federal Reserve Chairman Ben Bernanke said further monetary stimulus might be necessary because of low inflation and high unemployment.　　That means the dollar will continue to depreciate in anticipation.　　It also means that, from the outset, the "Shadow of the currency" will continue to haunt this place, known as the barometer of China's foreign trade. "China does not want a trade war and the depreciation of the dollar is detrimental to the overall international environment," said Chong Quan, deputy representative for international trade negotiations, at the opening of the 15th tour of the first financial daily. "Not only is it affecting China, it is a big problem. "But he also believes that the future of China's foreign trade exports will not appear (growth) a sharp slowdown in the situation," I think the export trend will gradually smooth.　　"Devaluation of the dollar is unfavourable to the world economic recovery," Chong Quan said in a small media meeting yesterday that the current international debate on exchange rate issues is detrimental to the development of the world economy. "First of all, it has a disturbing effect on the state's participation in international trade, the judgment of the situation, and even their confidence." "At the same time, we believe that some of the measures adopted by some countries, or the argument itself, are not conducive to the further healthy development of the newly revived world economy and to the healthy development of world trade." We, the Chinese government, do not want the current exchange rate issue to stir up the uproar and disrupt the healthy development of the world economy that is now recovering. "In the near future, the US dollar continued to fall in anticipation of a second round of quantitative easing in the United States, causing many countries such as Japan to take countermeasures, including intervention in currency markets and restrictions on foreign exchange fund flows," he said.　　and the international pressure to revalue the renminbi has increased, and the US and the European Union have recently urged the renminbi to accelerate its appreciation on different occasions.　　From the scene of the reporter's interview, the enterprise generally reflected that this year to the European and American merchants have significantly reduced, while Australia, Southeast Asia, South America, especially Brazil and Africa's share of the merchants increased markedly. Although the three-quarter customs data show that the EU export surplus is still increasing, but for the past exports to Europe and the United States market, the exchange rate for them has a great impact.　　The Canton Fair is a good choice for countries with a higher appreciation of their currencies against the dollar. Export-oriented enterprises do not dare to take a long list in addition to the recent appreciation of the renminbi against the United States dollar, the rising raw material costs this year, rising labor costs, have forced export-oriented enterprises have to raise prices to fight for profits. Many companies call for the hope that the renminbiThe exchange rate remains basically stable, or at least changes can be expected, otherwise the firm will have a pricing risk for long-term orders, and some companies may not even be able to take one-year orders. Jinzhou China Light Import and export company Sales manager Yang Jia told reporters: "Now most of the buyers want to sign a year, I hope to have a single, and now one year of exchange rate changes unpredictable, late exchange rate changes will certainly affect corporate profits, we are more inclined to sign a semi-annual." "Zhuhai Gree Electric Appliance Co., Ltd. 's overseas sales company general manager Sho Youen to reporters:" We hope that the exchange rate, one is stable, the second is the change can be expected, because instability is not expected, that the whole enterprise price formulation will have no direction, if you can ensure that the exchange rate is more stable, Or if there is a progress that is expected to be the worst, then we will make marketing strategies and pricing strategies for the foreseeable future so that the business risks are manageable. "Shenzhen China Electric Investment Co., Ltd. is a trade middleman, for them, the exchange rate situation has a direct impact on their earnings." Guo Kai, the company's audiovisual business manager, explained to reporters: "The exchange rate changes are not related to the next single quote, mainly in a few months after the settlement will be affected." If the renminbi appreciates substantially against the dollar during this period, orders settled in dollars will suffer revenue losses. "When the renminbi appreciated against the dollar from 2006 to 2008, because it was a steady appreciation, I could hedge the risk by locking the exchange rate and shortening the time of the offer," he said. And now expect because of uncertainty, we will lose a lot of inclined to sign a long list of large high-end customers, or for such an old customer, and they are forced to bear the risk of settlement.　　"Guo Kai said. At the same time, overseas buyers also said that the renminbi exchange rate risk is their most concerned about the procurement issue.　　Some foreign buyers face rising prices, saying that most of them say they can accept the 3%~5% price increase and tend to sign a long list. A buyer from Spain told reporters: "Chinese sellers are sure to ask for higher prices and will require more reserves." But for buyers across the European market, the most important competitive advantage of Chinese-made products is price, so we can't digest all the rising costs. Another high-end buyer from Germany said: "We only accept long orders, and the price increases can only accept 5%." "and an Iranian buyer told reporters:" We can accept the renminbi against the dollar intermediate price to 6.5, if more than this increase will cause trouble, if the number fell to 6.5, it would be a disaster for our importers. ”