subject: Kick out one foot inward appreciation of the RMB - Renminbi appreciation, machinery, manufacturing - metal industry [print this page] Kick out one foot inward appreciation of the RMB - Renminbi appreciation, machinery, manufacturing - metal industry
As the international market, the dollar index's rally, the RMB real effective exchange rate has been at the end of last year the chain increased.
RMB appreciation for the Chinese export enterprises is undoubtedly a sad news, RMB appreciation by large enterprises are particularly significant, especially in mechanical and electrical trades and
Textile , Clothing And other labor-intensive industries.
For appreciation in the United States to become "fashionable" in the international, European and United Nations agencies did not follow the footsteps of the United States.
"Exchange rate is a multidimensional problem, involving internal policies, but also international
Tool , To help control global trade. "Said Serge Abou, EU Ambassador to China, but international trade need to win to ensure their citizens to employment, the exchange rate issue should be such as the G20, the Asia-Europe summit to discuss such occasions, and is" from a constructive point of view. "
If 5% appreciation of the renminbi, for them, on the one hand is the icing on the cake, on the one hand is the crisis-ridden.
Ben ni Zhejiang Ocean Clothing (Group) Co., Ltd. Cheng Chen, chairman of love, freely admits to the newspaper, said: "RMB appreciation, for what my company does not have a big impact. We do ODM, even if the price increase downstream buyers can only increase the prices agreed, so we have little to lose. "
And he considers that it should be the entire garment industry is so, the real impact on business should come from the design, innovation, the influence of fashion trends, rather than appreciation of the RMB.
Zheng Chen Love said: "In the RMB exchange rate against the background of continued high in 2006, exports of textile and garment industry has unexpectedly hit a new high."
From historical experience, after the exchange to change the industry by large industry will experience significant consolidation. Polarization integrated industry would be more serious, good corporate icing on the cake, small businesses closed bankruptcy.
Thus, if the RMB appreciation will have some company, "disappeared" or "be gone."
Appreciation of the traditional labor-intensive industries with low added value, mainly in areas of low-end products. Because it means greatly reduced price advantage, foreign buyers are likely to turn to more affordable to buy other products. While Indonesia, India and other countries are eyeing on this market.
If the previously described be active Kim disappeared type, there will be some companies with the yuan appreciation will "be gone."
Beijing Motor Factory's Vice President
Zhangzhen Yong said: "If the re-appreciation of the yuan will strengthen the control of foreign investors in some industries, such as motor industry."
"Compared to this industry in large scale enterprises have been foreign investment or foreign investment
Financial Acquisition. "Zhang Zhenyong said," RMB appreciation in recent years by the impact of changes in motor industry growing. It turns out that the industry is dominated by state-owned enterprises account for position, gradually, a certain private enterprises occupy a dominant position. However, appreciation of the renminbi couple of years, coupled with the volatility of raw materials, relatively large, some state enterprises have been at a loss. "
"In this case, there are many business owners on the choice of direct cash," and Zhang Zhenyong said.
Barely disguised pleasure who "worry"
As for the raw materials industry, RMB appreciation is the positive factor. Real estate, paper,
Steel , Petrochemical, aviation, transportation, electrical equipment, financial services and other industries are capital market optimistic about the near future.
If 5% appreciation of the renminbi, these industries are really able to show the "thriving" in the prosperous?
The eyes of those outside who barely disguised pleasure naturally has his own worries. We import most raw materials,
Oil , Ores, are without packaging; we export to? Textile is our traditional export products, export of less than about 2,000 million; light industrial products, exports reached more than 4000 billion a year; which together amounts to more than 6000 million, about half of the total exports. There are a number of mechanical and electrical products and processing trade products, which are necessary packaging, the instructions inside, outside box, inner box, certificate, etc., are all kinds of paper products are different, not the same amount.
"We briefly considered these together is probably more than 2000 tons per year, which means making
Paper The implicit export accounted for 25% of the entire industry. "Zhao Wei said.
"Appreciation for us this business is definitely a good thing," assistant general manager of China's forest products distribution company, said Li Bin straightforward, "In the past we have done the import and export, and now we only do imports, and imports of logs, Russia, Australia Canada has the United States, building materials and furniture made throughout the country after the sale. Our suppliers are many, not concentrated in a certain country, like iron ore, had a few. "
