Zhejiang Export Shoe Enterprises Develop New Products, Actively Respond To Exchange Rate Crisis

Since September, with the RMB

According to the research results of the banking research center of Central University of Finance and Economics, about 57% of the small and medium-sized export enterprises have a profit margin of less than 5%. If the RMB appreciates 3%-5%, this part of the enterprises will be in a small profit and loss.

Since the central bank launched the new round of RMB exchange rate reform in June 19th this year, the RMB has appreciated by more than 1.7%, and the "critical point" is approaching.

Zhejiang provincial chamber of Commerce sampling survey, because export prices can not fully digest the cost rising factor, in 1-7 months this year, nearly 1500 key monitoring enterprises in the province, 1/3 of the profits of enterprises decreased year by year.

But what is worth noting is that if the RMB continues to appreciate, even if the company settled on the settlement rate of 60% orders, the remaining 40% orders, corresponding to the exchange rate losses, plus labor costs and raw material prices, could still "eat" most of the profits.

By the impact of RMB appreciation, the cost of production and operation of enterprises is further improved.

In order to avoid risks, many Zhejiang merchants on the one hand avoid large orders with long delivery time and large quantity, and develop new products on the one hand to achieve higher prices.

At the same time, the "lock in rate" (foreign currency loan and repayment) mode, as well as long-term, swap and options and other financial derivatives have also been favored by some Zhejiang businessmen.

Zhejiang's export oriented strategy is difficult to continue, and there are two international and domestic resources and two.