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European debt crisis affected China's exports or t
Source: Global Textile Network Daily Economic News 2010-05-20
Global Textile Network May 20 hearing, according to Business Daily on May 19 reported that the Ministry of Commerce on the 17th on the European debt crisis, the impact on Chinese exports, said the concern, including the appreciation of the RMB against the euro. Ministry of Commerce spokesman Yao Jian said that the European debt crisis will affect the whole of China's exports. At the same time, the United States continue to put pressure on China, the exchange rate on the attitude of tough. Stronger exchange rate is bound to increase China's textile, clothing, footwear and toys, labor-intensive products such as the operating pressure. A long-term engaged in export trade, told reporters that European debt crisis that is not in the industry, exports of machinery and other products will also be significantly affected.
Huo Jianguo, dean of the Ministry of Commerce told reporters yesterday, said the debt crisis of the European influence on our foreign trade is very serious. Expected 5,6 months, or even the entire third quarter performance will be more obvious, I export growth to Europe could fall by 6% -7%.
Profit margins, suppliers have call prices
"The euro fell sharply, it will greatly affect China's trade." Huo Jianguo said that while the current from the data, exports to the EU has maintained a high growth, but this response will be some lag, and most Electrical companies will be affected.
Yesterday afternoon, an Austrian machinery companies sourcing center in Shanghai by train procurement engineer Mr. Yue was rushed to the location of the supplier, for the RMB exchange rate against the euro continued to rise to comfort the hearts of suppliers. Mr. Yue said his company purchases of machinery products from China settled in euros, due to continued appreciation of the yuan against the euro, these suppliers holding the RMB exchange euro fewer vendors shouting increasingly slim profit margins, even to the non- earns the moneyExtent, suppliers urged either in U.S. dollars, or the prices, otherwise it will not continue to supply.
"Usually we discuss the price and supply in time, will be a rate increase in the proportion of agreement, more than this proportion, we will hold the supply of talks." Mr. Yue told reporters, sometimes in order to increase the price, got into fierce arguments with suppliers, " But the exchange rate change is not a business or a procurement engineer can determine, we can only be a better way to deal with. "Speaking of the renminbi exchange rate against the euro continued to rise in the state, Mr. Yue was the pressure to do increasingly global procurement greater.
Some exporters in U.S. dollars
It is understood that the profits of machining products generally around 5%, processing difficult, high precision around 10%. 17 Ministry of Commerce spokesman Yao Jian said that as of 14 yuan has appreciated against the euro of 14.5%.
Global Textile Network May 20 hearing, according to Business Daily on May 19 reported that the Ministry of Commerce on the 17th on the European debt crisis, the impact on Chinese exports, said the concern, including the appreciation of the RMB against the euro. Ministry of Commerce spokesman Yao Jian said that the European debt crisis will affect the whole of China's exports. At the same time, the United States continue to put pressure on China, the exchange rate on the attitude of tough. Stronger exchange rate is bound to increase China's textile, clothing, footwear and toys, labor-intensive products such as the operating pressure. A long-term engaged in export trade, told reporters that European debt crisis that is not in the industry, exports of machinery and other products will also be significantly affected.
Huo Jianguo, dean of the Ministry of Commerce told reporters yesterday, said the debt crisis of the European influence on our foreign trade is very serious. Expected 5,6 months, or even the entire third quarter performance will be more obvious, I export growth to Europe could fall by 6% -7%.
Profit margins, suppliers have call prices
"The euro fell sharply, it will greatly affect China's trade." Huo Jianguo said that while the current from the data, exports to the EU has maintained a high growth, but this response will be some lag, and most Electrical companies will be affected.
Yesterday afternoon, an Austrian machinery companies sourcing center in Shanghai by train procurement engineer Mr. Yue was rushed to the location of the supplier, for the RMB exchange rate against the euro continued to rise to comfort the hearts of suppliers. Mr. Yue said his company purchases of machinery products from China settled in euros, due to continued appreciation of the yuan against the euro, these suppliers holding the RMB exchange euro fewer vendors shouting increasingly slim profit margins, even to the non- earns the moneyExtent, suppliers urged either in U.S. dollars, or the prices, otherwise it will not continue to supply.
"Usually we discuss the price and supply in time, will be a rate increase in the proportion of agreement, more than this proportion, we will hold the supply of talks." Mr. Yue told reporters, sometimes in order to increase the price, got into fierce arguments with suppliers, " But the exchange rate change is not a business or a procurement engineer can determine, we can only be a better way to deal with. "Speaking of the renminbi exchange rate against the euro continued to rise in the state, Mr. Yue was the pressure to do increasingly global procurement greater.
Some exporters in U.S. dollars
It is understood that the profits of machining products generally around 5%, processing difficult, high precision around 10%. 17 Ministry of Commerce spokesman Yao Jian said that as of 14 yuan has appreciated against the euro of 14.5%.
time:2010/5/20
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