The Renminbi Exchange Rate Falls, Shishi Foreign Trade Space Is Big.

"The renminbi does not appreciate abroad, and does not rise to interest rates", which is very conducive to the development of Shishi industry, which is heavily dependent on foreign countries. Shishi export-oriented enterprises are surprised to see that on the first day of December, the RMB in the foreign exchange market dropped to 0.499%% against the US dollar, hitting the bottom line of the 0.5%% limit, which is the biggest decline in 3 days since the reform.

Shishi export oriented enterprises generally believe that the RMB is down, and the US dollar will probably be in the turning point of the unilateral rising channel, which opens up the space for the export economy of Shishi.

Since the launch of the exchange rate reform mechanism in July 21, 2005, the RMB exchange rate has appreciated to 20%% against the US dollar. In the first half of this year, the RMB appreciated by more than 6%%, and the RMB exchange rate fluctuated slightly in the second half of the year.

During this period, the profits of Shishi export-oriented manufacturing enterprises were extremely compressed, and many export-oriented enterprises in the US dollar denominated export companies almost gave up the international market. Some enterprises had made a decision to turn to the domestic market.

But turning around domestic sales is actually a lot of difficulties.

At the time when Shishi export-oriented enterprises are feeling that there is no way out, the RMB exchange rate inquiry system of the China foreign exchange trading center has touched the lower limit of the fluctuation interval of 0.5%% for two consecutive days, reporting 6.8870 yuan.

Statistics show that in the first 10 months of this year, there were 6 major industries in Shishi (above scale), and the delivery value was over 100 million yuan, the clothing industry exported 3 billion 800 million yuan, the footwear industry exported 1 billion yuan, the export of bleaching and dyeing industry and sporting goods industry were 400 million and 250 million yuan respectively, and the export of biopharmaceutical and handicrafts industry exceeded 100 million yuan. The export benefit of Shishi's pillar industries will benefit from the appreciation of the US dollar.

If the exchange rate remains unchanged, the delivery value of exports above Designated Size in Shishi will exceed 600 million yuan in the final December of this year. The exchange rate will suddenly change to the direction of foreign trade in Shishi, which will certainly stimulate the phenomenon of "blowout" in the export of Shishi's exports.

In view of the overseas one-year US dollar / RMB non deliverable forward price rising to RMB 7.2007 yuan level, Shishi export-oriented enterprises generally believe that the appreciation of the US dollar plus the favorable policy of improving the export tax rebate rate, the financial policy of the state regulating the economic environment is the development of Shishi industry, which is very beneficial to the external dependence of the lion industry, and is a new opportunity for the Shishi export-oriented economy to follow the market hot spots and develop the momentum.

Yang Jing: editor in charge