Jiangxi Foreign Trade Enterprise Nuggets "From West To East"

"This year's

Luo Miao revealed that in the past six months, the RMB exchange rate against the US dollar has appreciated by nearly 2%, and if it reaches 3%, there will be no profit for enterprises.

Luo said that as the dollar continues to depreciate, their company has begun to develop new markets from west to East.

Reporters learned from the relevant departments, Luo Miao company's change in Jiangxi a lot.

Continued depreciation of the US dollar hits Jiangxi

Feng Cheng, manager of business department of Nanchang technology import and export limited liability company, said that in the first three quarters of this year, the export volume of enterprises increased by 20% compared with the same period last year. However, because of the change of exchange rate, the profits of enterprises did not increase.

Feng Cheng said that in the first half of this year, he negotiated with a US importing company a total price of 200 thousand US dollars, the other side paid 50% deposit in advance, and the remaining $100 thousand was paid after delivery.

"However, in the past six months, the exchange rate of RMB against the US dollar has increased by nearly 2%.

I reckon that when the order was signed in June this year, the US dollar would be around 6.8281 of the RMB exchange rate, and if we calculate it by 6.6693, it means that the remaining 100 thousand dollars will be reduced to 10 thousand yuan.

Depreciation of US dollar, foreign trade enterprises Nuggets "from west to East"

Fan Guole, manager of Jiangxi construction materials Co., Ltd., responsible for foreign trade, told reporters that because of the expected warming of the RMB appreciation, their enterprises began to turn around from the traditional Western European and American markets, and rapidly developed markets to ASEAN countries such as Singapore and Burma. At the same time, they also sent market development personnel to Iran, Brazil and India.

It is understood that in the case of the depreciation of the US dollar, the pformation of management mentality is not a case.

Mr. Cheng, a member of Jiangxi's export business of Christmas gifts, said that apart from observing the European and American markets, they also vigorously explored new markets such as Asia, especially ASEAN.

According to statistics of Jiangxi Provincial Department of Commerce, Jiangxi's foreign trade has maintained rapid growth in emerging market exports in the first three quarters of this year, for example, Iran, Brazil and India increased 3.1 times, 1.5 times and 1.1 times respectively, and exports to ASEAN increased by 96.1%.

The depreciation of the dollar forced exporters to walk with legs.

It is understood that in the face of the depreciation of the US dollar, many export-oriented enterprises in Jiangxi have begun to take steps to develop new markets and upgrade technology.

Feng told reporters that their company increased R & D cost by about 300000 yuan this year.

In addition, the company has stepped up the pace of procurement of foreign raw materials, has begun importing some timber from Russia.

Zhang Liangqi, an expert in Jiangxi's regional economic research, believes that the key to "walking on multiple legs" for export enterprises is to increase the technological content of products and extend the value chain of products.