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May 19Th European Debt Crisis Hits China'S Export Growth Or Decline 6%-7% Some Suppliers Switch To Us Dollar Settlement Early

2010/5/19 10:32:00 32

In May 17th, the Ministry of Commerce expressed concern about the impact of the European debt crisis on China's exports, including the appreciation of the renminbi against the euro.

Yao Jian, spokesman of the Ministry of Commerce, said the European debt crisis will have an impact on the export of China as a whole.

At the same time, the United States continues to exert pressure on our country and take a hard line on the issue of exchange rate.

A stronger RMB exchange rate will aggravate our country.

Spin

clothing

System

shoes

And labor-intensive toys.

product

Business pressure.

A person who has long been engaged in export trade told the daily economic news that the impact of the European debt crisis is not only in the industries mentioned above.

Mechanics

etc.

product

Exports will also be greatly affected.

Huo Jianguo, President of the Ministry of Commerce, said yesterday that the impact of the European debt crisis on China's foreign trade is very serious.

It is expected that in the 5, June, and even the third quarter, the performance will be more obvious, and my export growth to Europe may be down by 6%~7%.

Suppliers of thin profits are calling up prices.

"A sharp fall in the euro will have a great impact on China's trade."

Huo Jianguo said that although the export to Europe has maintained a rapid growth from the data, there will be some lag in this reaction, and the most affected will be the mechanical and electrical enterprises.

Yesterday afternoon, a Austria.

Mechanics

Mr. Yue, a purchasing engineer of the purchasing center in Shanghai, is taking the train to his supplier's location, to ease the supplier's heart for the continued rise in the RMB exchange rate against the euro.

Mr. Yue said that their company purchased from China.

Mechanics

product

In the euro settlement, as the yuan continues to appreciate against the euro, these suppliers are less and less RMB in exchange for the euro. Suppliers are shouting that profits are getting thinner and thinner, even to the point where no money can be made. Suppliers are strongly demanding that they be settled in dollars or prices will not continue to supply.

"Usually when we talk about prices with suppliers, we will agree on a percentage of exchange rate rise. If we exceed this ratio, we will talk to suppliers."

Yueh told reporters that sometimes for the sake of price increase, suppliers and suppliers were in a blush. "But the change of exchange rate is not decided by an enterprise or a purchasing engineer. We can only think of a better way to deal with it."

Speaking of the continued rise in the RMB exchange rate with the euro, Mr. Yue feels that the pressure of global purchasing is increasing.

Some exporters are settled in US dollars.

It is understood that

Mechanics

machining

product

The profit is generally around 5%.

machining

The difficulty is high and the precision requirement is about 10%.

Ministry of Commerce spokesman Yao Jian said on 17 th, as of 14, the renminbi has appreciated 14.5% against the euro.

"Even if all connected."

machining

Highly difficult

product

Suppliers will also lose about 5 percentage points.

Mr. Yue said, although he will stand in the company's perspective and suppliers to argue, in order not to allow suppliers to rise in price, but the objective analysis of calm down, we will find that the RMB to the euro exchange rate continues to rise, so that China's suppliers "really difficult to do."

Compared with Mr. Yue, BMW grid (China) project

Mechanics

The global procurement engineers of the company will be much more relaxed in coping with the change in the RMB exchange rate against the euro.

Zhu Weigang, the global sourcing engineer of the company, said that in order to avoid the unstable risk of RMB against the euro, even mechanical products exported to Germany were also settled in US dollars to minimize the losses of companies and suppliers.

Zhu Weigang said that for some parts that are not wholly locally purchased in China, excluding high strength bolts and other products that China implements to trade with the EU, the RMB's continuous rise to the euro exchange rate has reduced the purchasing cost of import enterprises.

Procurement pricing or negotiable flexible adjustment

In the face of the continued depreciation of the euro, can manufacturing enterprises based on foreign trade be converted to domestic sales?

Shang Jinkui, general manager of Shanghai Yi Shang precision screw company, said that, for machinery and other industries, it is easy to think, but difficult to do. In the final analysis, different business models restrict the development of export enterprises to domestic sales.

Shang Jinkui said that because the delivery cycle of domestic export enterprises is short, most of them are small batch and multi batch delivery. Such delivery mode is often difficult for some enterprises that export as the main business.

"What is more realistic is to settle the dollar in a relatively stable exchange rate."

Shang Jinkui said, before the experience of foreign trade, some euro area buyers gave him a one-year order, and the price was locked at the time of signing the contract. As a result, the RMB continued to appreciate against the euro, and the profit became lower and sometimes there was a loss.

"In the face of this situation, we usually consider a long-term profit level. If there is still profit in general, we must supply even short-term losses.

Without customers, it means factories are closed down.

At the same time, it is also reminded that enterprises that are involved in the foreign trade of the euro area should, if the euro area customers fail to achieve the settlement in US dollars, when they agree on the purchase price, we must specify that the price should be adjusted at the right time according to the exchange rate fluctuation. "Otherwise, the more we do, the more we will lose."