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Old 11-07-2011, 09:05 PM   #1
haigt17g
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3rd of this month, the euro fell for the first time this year, the RMB exchange rate "$ 10" mark, into the "9 times." Subsequently, in the U.S. financial crisis, the euro exchange rate fluctuated. Yesterday, according to the China Foreign Exchange Trading Center released information indicating that the euro currency once again fall on the "$ 10", reported 9.9953 yuan. Originally, the appreciation of the yuan against the euro trend is not significant, even in the first half of the renminbi against the euro has depreciated by 8%%, which is the formation of the RMB against the U.S. dollar strong contrast. This also allows the export-oriented enterprises in Quanzhou in the appreciation of the RMB against the U.S. dollar against the backdrop of the part of the export market to Europe from the United States, the number of foreign trade settlement in the euro has gradually increased. But the surprise is that the yuan central parity rate against the euro since the third quarter of this year show a sudden appreciation of the overall trend. Since July, the yuan to accelerate the pace of appreciation against the euro, as of August,free 6.o, more than 6% of their appreciation. Now, the euro exchange rate is not stable,king griffey jr shoes, and switch to the euro settlement of foreign trade enterprises should the headache. Sharp appreciation of the yuan against the euro on exports, the negative impact can not be ignored. Therefore, this reporter recently visited Quanzhou its impact on related businesses. Textile industry: the operator is a blow to recent years, Quanzhou clothing enterprises, such as seven wolves, Ba Jin Lee Lang and other brands have accelerated training Direct mode, escalating marketing network; and Quanzhou Another factor to influence foreign trade of clothing known as Malai Te, Red swee and Omori outdone quickly set-point distribution in foreign countries, in addition to expanding agents, distributors and stores, the trademark is also registered in Western Europe, to develop the local market. Malai Te Knitwear Co., Ltd Deputy General Manager of Fujian Tian Fu described the companys foreign operations in Europe accounted for 90%% of exports. "Excessive appreciation of the RMB against the U.S. dollar, resulting in factory price increase, for we have some impact." Six months ago, he began to transform ideas, in due appreciation of the euro against the yuan has been relatively stable and, on the switch to the euro offer. Tian Fu believes that the euro against the devaluation of the foreign trade operator is a blow. "Long term, the euro will be relatively stable." He said, "deal with foreign trade environment, changes in the garment industry, the most important thing is to increase brand value, enhance the value-added products." Jin Jiang Dasen Garment Co., Ltd. to produce sports and leisure wear, childrens clothing mainly exported to North America, the Middle East and Europe. The companys chairman, Chamber of Commerce Ding Ronghua Chen Tai believes that the depreciation of the dollar Chendai a great impact on export-oriented enterprises. "This year we host for a smooth development, although the margins are thin, but stick with it as long as there will be opportunities." He said, most of Chen Tai garment export enterprises that are still settled in U.S. dollars, so the impact of the depreciation of the euro and small, but most companies are still very concerned about the foreign exchange dynamics. Red swee (Jinjiang) Co., Ltd. Rui believes that the depreciation of the euro to its little effect on "experience in foreign trade in recent years,nike free shoes, environmental changes, so that clothing companies clearly see, the most important thing is to improve the innovation ability and management level, the former can improve their bargaining strength, which can save costs. "Cheung For example, the independent innovation ability of enterprises to develop independence distinctive products, if the foreign like,nike free running, he had to accept your price, because only you have this product. "This is the competitiveness of enterprises." Crafts: "safe haven" drop security Light Crafts Import and Export Chamber of Commerce, Fujian Province, Liu Weidong, Deputy Secretary-General told reporters, after the U.S. market because of falling demand, reduced exports to the U.S. Quanzhou handicrafts, exports growing European market, and because of the appreciation of the RMB against the U.S. dollar, many European customers to do business with business, they all prefer euros. "Today, the euro exchange rate falls, the impact of arts and crafts business is certainly there, but I think short-term effects should not be too great. Has signed orders for European customers with arts and crafts business, when settlement may suffer some losses, but this current stage, most of the handicraft enterprises are basically the first half of the orders have been shipped, during which time the company is relatively small settlement, but also in the euro exchange rate fell sharply this month or so. "Weidong said. According to reports, if the euro continues to maintain this downward trend, from a longer time perspective, on crafts business impact may be relatively large. "The 104th Canton Fair held next month, most companies are using Quanzhou Crafts Fair orders of the euro weak, making the situation has become uncertain export to Europe, business orders will certainly be more cautious, because exports to Europe increase in risk is now more worried about is the decline in demand in the U.S. market, the European market has become a major arts and crafts enterprises safe haven, a weak euro,air max nm, may make the safe haven security down. "he said. Shoe: the impact of depreciation of the dollar than some small said shoe exports, compared to last year depreciation of the dollar since the impact of export profits, the current depreciation of the euro, for shoe exports in terms of impact is not too large. Shoes Co., Ltd. Quanzhou Hengtai have some of the products exported to Europe, said Su Wenbin, general manager of the company,nike free 5.0, because their exports are mostly settled in U.S. dollars Therefore, the depreciation of the euro has little effect on them. Quanzhou Shoes Co., Ltd.,griffey shoes,36_55491, general manager of the Southern Qi Wu Hui also expressed the same view. He said the pre-devaluation of the dollar is particularly strong impact on them. "Four, five, since June, the dollar has caused us several hundred thousand dollars for loss of profits, because most contracts are signed last year, while Euro-denominated exports, although affected, but the relative the impact of U.S. dollar is not too early. "Wu Hui said. However, the future of the euros impact on exports, Wu Hui said they were not optimistic. "From the external environment is concerned, we hope the Government will introduce some policies to support them from the enterprise concerned,nike free, only from the increased competitiveness of products, cost control to reduce risk
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