RMB Appreciation Has Led To The Lack Of Confidence In Export Enterprises.

Shen Danyang, spokesman of the Ministry of Commerce, said at a regular press conference held on 16, "a href=" http://sjfzxm.com/news/index_cj.as "> RMB appreciation" /a "has a great impact on China's foreign trade enterprises, which is more unfavorable to export enterprises. Enterprises generally lack confidence in long-term business, and the phenomenon of" single dare not answer "is even more prominent.

< /p >

< p > China Foreign Exchange Trading Center announced on Thursday that the RMB exchange rate in the inter-bank foreign exchange market was 6.2096 against the US dollar in May 16th.

At this point, the central parity of the RMB exchange rate broke through the 6.20 integer pass on 9 days and refreshed 6.1925 of the new high exchange rate, which has consolidated the 5 trading days.

< /p >

< p > the acceleration of RMB appreciation is the most influential one being the "a href=" http://sjfzxm.com/news/index_c.asp "foreign trade enterprise < /a >.

Shen Danyang pointed out that the recent rapid appreciation of the renminbi, though conducive to improving the terms of import, has had a relatively large negative impact on the export contracts and profits of enterprises.

< /p >

< p > Shen Danyang said: "this negative effect is mainly reflected in three aspects.

First of all, the phenomenon of "single dare not answer" is even more prominent.

Second, the export profit margins of enterprises are further narrowed.

According to the Ministry of Commerce sampling survey, 77.5% of the enterprises accounted for 1-4 months of the first contract profits declined significantly, 6.6% of the enterprises even said that they would affect the normal performance, and 73.4% of the enterprises expected that the export profits of the whole year could be flat or down year after year.

Finally, it is the impact on the export of SMEs. "

< /p >

In order to tide over difficulties, some enterprises have expressed strong desire to use RMB for trade settlement in order to survive P.

The central bank will continue to expand the scope and scale of its use in cross-border trade and investment, and will achieve RMB cross-border RMB settlement this year, but this is not a permanent solution.

< /p >

< p > for this reason, some experts suggest that through the reform of the decision mechanism of RMB < a href= "http://sjfzxm.com/news/index_s.asp" > exchange rate < /a >, the RMB can be pferred to free floating as soon as possible.

< /p >

P, the chief economist of the Agricultural Bank of China, pointed out to Mr Song Zuo that, in principle, the exchange rate mechanism reform, especially the expansion of the exchange rate fluctuation, will help enterprises to enhance their sense of risk and adopt more exchange rate hedging tools to avoid or reduce risks. This will help enterprises to increase the pace of upgrading and upgrading the production industry, improve the technological content and added value of export products as soon as possible, and enhance the competitiveness and voice of products in the international market.

Of course, the negative impact of exchange rate mechanism reform on import and export enterprises is also numerous. However, the overall impact of RMB unilateral appreciation is more negative than positive.

< /p >