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Depreciation of the euro in Sichuan shoe export or shrink - shoes, shoes, euro - shoes industry by wgverbv dfbdfb
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Depreciation of the euro in Sichuan shoe export or shrink - shoes, shoes, euro - shoes industry by WGVERBV DFBDFB
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| Article Posted: 02/28/2011 |
| Article Views: 102 |
| Articles Written: 1361 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 707 |
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Depreciation of the euro in Sichuan shoe export or shrink - shoes, shoes, euro - shoes industry |
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Business,Business News,Business Opportunities
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HC shoes Network May 21 hearing, on December 31 last year, 1 euro Renminbi 9.7971 yuan; this year on May 20, 1 euro is equivalent to 8.4598 yuan. The figure of 5 half months of this year, the RMB appreciation against the euro for more than 10 percentage points.
In Sichuan enterprises are worried, the euro continued to depreciate against the Euro will just recovering Export Contraction.
Life difficult for low-end industrial textiles
"Each of us a loss of 45 yuan pair of shoes." Look at the exchange rate offer, Chengdu Emerson children Shoes Co., Ltd. Ying said that customers signed contracts last year and the settlement rate is 9.8 lock, and now the euro continued to "shrink", cost too much pressure.
Wang Yu, general manager of CITIC Bank International, said the company settled in euros, the operator must first set of U.S. dollars to RMB and then in U.S. dollars for euros, there are two exchange rate risk. The euro against the U.S. dollar continued to fall, or even 1 euro 1.2144 U.S. dollars in the past four years the exchange rate low, does not rule out the possibility of new lows.
Two industry exporters hard to live. Low-end textiles, processing and manufacturing products such as some of the basic pricing is not labor-intensive industries, the profits of these enterprises have been very low, with no room for price adjustment.
Under foreign engineering contracting large-scale export of mechanical and electrical equipment, most affected by the depreciation of the euro.
Long-term solution to adjust the industrial structure
Liu Xin, deputy director of Department of Commerce, said of the cost, less than some neighboring Sichuan advantage of emerging countries; on the market, "fair average quality" of the space will become smaller and smaller, but the new product, its own brand products, are key core technology products by the euro's impact would be small. Therefore, the challenge of long-term solution is to adjust the industrial structure as soon as possible.
Figures show that 1-April, the province's high-tech enterprises in import and export performance over the same period last year added 356, the emperor's new Energy , Suoer Si optoelectronics, Mianyang, a number of MIPS transfer companies such as exports surge. Meanwhile, the textile Clothing , Plastic bags and other industries exports doubled?? 280 euros a pair of leather shoes, children shoes, Emerson is still popular in Germany and France; May 27, Emerson children in Vietnam opened its first store in Hanoi, a lot Dealers for the 4000 yuan under a pair of leather shoes Order , Indicating very high-end products market.
Many companies believe that their crowded market with homogeneous products, it is better to speed up structural adjustment of products with high added value to master the market right to speak. Garment processing industry now has been transferred to the emerging market trends, and more mature industry chain and industrial workers in Sichuan, well take advantage of "the cage for birds," develop "smile curve" at both ends?? High-end industries and high-end industry.
Suining New Oasis Printing & Dyeing Co., Ltd. General Manager of the text more than say so, than direct export processing in China is even higher 20% of profits last year, they declared to the fabric to guide the national industrial upgrading project, 30 million yuan put into practice their technological transformation, development of one million yuan into overseas markets. Depreciation of the euro, their products are in short supply. Children holding hands Emerson Italy German industry R & D institutions, the two foreign teams participating throughout Europe Emerson children on product development and quality control. From January to April this year, it exported 7.31 million U.S. dollars to achieve, up over 3 percent. Efforts to adjust product structure and the province of Chengdu Adida Textile Trading Co., Ltd. 1-April exports doubled.
Different transition path, but ultimately reflects the industrial upgrading. After "Winter," the inherent power of these enterprises increased. I am an expert from China Agriculture Net, usually analyzes all kind of industries situation, such as antique kilim rug , hand knotted carpets.
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