The Appreciation Of RMB Causes The Shoe Industry To Face A Grim Situation Of Losing Money.
December 15th, in many export enterprises, low value-added exports
enterprise
The biggest impact.
According to the data provided by the Changsha Bureau of Commerce, the proportion of traditional labor intensive products exported by foreign trade enterprises in Changsha is about 40%.
compete
,
profit
Small and medium sized enterprises with small space are facing the grim situation of losing money or even failing because of the appreciation of the renminbi.
"Because of the appreciation of the renminbi, it only evaporated 10 thousand dollars in just 10 days."
Li Qiang, who has been engaged in shoes trade for many years, told reporters that not long ago, he completed an order of 100 thousand dollars, and it was 10 days late for negotiation with the bank at the request of Japanese clients. The result was that the depreciation of the US dollar was lost by US $10 thousand. "Our exported sports shoes are priced at 5 US dollars, left and right, and the profits are only 1% to 2%, which basically do not make money, and some orders even lose money."
But even so, he, like many foreign trade enterprises, would rather sacrifice his interests and keep the market.
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