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The State Council has decided, in Shanghai and four cities in Guangdong cross-border trade Renminbi Clearing the pilot and lions into Export Business of the RMB settlement of international trade to promote the success of the pilot, and benefit the industry, said the lions full confidence. Earlier this year, the RMB settlement of claims for international surfaced, the lion's foreign trade sector, applauded the first step in the internationalization of RMB RMB for international trade settlement, "the exchange rate risk" will Yunkai falls away. RMB International Trade Settlements start sooner, promotion and popularization of the faster and lions, as the southeast coastal open cities, although not in the list of pilot cities, will be one of the areas in the early promotion, then, can export to sign in RMB-denominated contracts, foreign importers or directly to enterprises to pay the RMB against the lions, the U.S. dollar exchange rate fluctuations will not affect the stability of bilateral trade, "Stone to create" the renminbi's exports are expected to catch the international settlement of the "ride." Lions agricultural, industrial, commercial three industries have a high economic dependence on foreign, international settlement currency exchange rate changes directly affect the export-oriented industry benefits the economy. From lions in large-scale industrial industry, export delivery value of more than 70 billion is evident: in export delivery value of over 7 billion yuan in major industries, of which nearly 4.4 billion annual export garment industry ranked first, Leather shoes And Leather Industry annual export value of nearly 1.3 billion. Shishi agro-food processing industry, special equipment manufacturing exports growth swift pace, the former annual export value of 54.5 million yuan, the annual growth rate of 138%; although the latter only in the export value of 22.47 million yuan, but the annual growth rate actually as high as 752.7 percent. Shishi is developed international wholesale trade, the Middle East businessmen and lions do border trade to purchase clothing and leather Shoe The volume is particularly large, total export delivery value of industrial and commercial might be far more than 10 billion yuan. Shishi City, the total GDP of about 28.8 billion years, the city has more than 100 billion annual exports, showing how many pairs of eyes fixed on the international exchange rate changes. Only in the past two years, foreign economic and trade circles lion suddenly encountered the "international settlement," the stumbling block. After the foreign exchange reform in 2007, 2008, appreciated by 6.9%, respectively and 56.5% of the first half of last year, lions and forced a long-term industrial and economic circles used to foreigners who pay in dollars in Shishi market procurement, cash in RMB settlement. Many export-oriented enterprises try to switch to the euro, yen and other non-dollar international monetary settlement, though a bit awkward, but the exchange rate, we do not lose, because the euro, pound and so appreciate faster than the yuan, we also account for some cheap. Shishi textile imports from Europe, a business equipment, we asked whether the euro can be settled? The persistence of the other party does not agree. Equipment to the port settlement, we paid in accordance with the contract was a mess of depreciation of the dollar, the European merchants Lianhan: an innocent lose money doing the business. Before the turmoil in the lions of export-oriented economic sectors suffer just simply change the yuan and the dollar "exchange rate risk", or they can do business, but not necessarily to make money in U.S. dollars. International financial turmoil, the situation more complicated. RMB and the U.S. dollar while a strong position, both exchange rate changes not too much, but the euro, pound, Korean won, the ruble, Australian dollar and other currencies in most countries of the world's sharp devaluation, traders in these countries with their currency into dollars to lions after purchase, purchase volume was found to shrink, which will purchase a very low number of lions traditional export enterprises Order Disappeared, like loss was no business to do. "Exchange Rate Risk" has become a lion's foreign trade sector, the most tedious of the "adversary." View more Industry News I am an expert from drillingrigequipments.com, while we provides the quality product, such as water drilling rig machine , China land rig equipment, auger drilling equipment,and more.
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