In August, the *** trod against the U.S. dollar exchange rate, even breaking several gates, and entering the "6.3" era. On the 16th, the exchange rate of *** against the US dollar was reported at 6.3925, a record high since the exchange rate was changed five consecutive trading days. On the 17th, the US dollar reported 6.3996 yuan to ***, which was a 71 basis point lower than the previous trading day. On the 18th, the exchange rate of *** against the US dollar was reported at 6.3942, and it was picking up again.
One side is the continuous appreciation of ***, while the other side is a tight-tight nerve of foreign trade companies have "cry". The author interviewed several export companies on two consecutive days and found that in order to succeed in "warning" exchange rate risks, in addition to adopting technical measures such as early settlement, they still need to "walk on multiple legs" to plan a transition or set up factories overseas.
The impact of appreciation cannot be generalized. The appreciation of *** has also affected the export of domestic iron and steel enterprises. Gao Pengqiang, general manager of Shandong Boxing Hualu Iron & Steel Co., Ltd., told the reporter: “Because of the recent record high exchange rate, the cost of steel production has been on an upward trend. As a result, the price of steel has risen to compete with steel exporters in other countries. It is bound to be at a disadvantage."
According to Gao Pengqiang, domestic steel demand is strong, but profits are thinner than export steel. The company's profit mainly depends on the export of steel. Therefore, the appreciation of *** has brought a greater negative impact on the company.
"With the appreciation of ***, the export price of domestic steel will rise. Under the fierce international competition environment, the cost advantage of China's export of steel has been weakened. The appreciation of *** means that the same US dollar will buy fewer Chinese products. The purchase intention of foreign buyers may be reduced. In this way, the domestic steel export will be suppressed.†Gao Pengqiang said that the international market has a slowly digesting process of increasing prices, and the domestic market will gradually pick up after digestion. However, in the long run, exports are still the lifeline of domestic steel companies.
"Work is hard to find, money is hard to earn"
"Not the lack of work, the key is that wages are too low." In the labor market in Leqing Town, Yueqing, Wenzhou, I met 32-year-old Fang Houliang of Chongqing. He said that his current monthly salary is 2,000 yuan, and he is preparing to find another employer. Fang Houliang calculated an account: monthly rent, utilities, a total of 300 yuan, a family of three to eat 1200 yuan, plus smoking, cell phone charges and other expenses, not much money left, "pork, gas, oil and salt sauce are If you are going up, you should find a job with a monthly salary of 3,000 yuan."
The author learned from multiple labor markets in Wenzhou and Yiwu, Zhejiang Province that many workers have not been able to find a job for almost a week, and the longest one has waited for 2 months. They said that the boss’s unwillingness to increase working wages is the main reason why workers are not willing to go to work. “We do piecemeal jobs, how much money each item can make, and how much the boss can make, we will figure it out. We are not stupid.â€
The person in charge of a precision metal manufacturing company in Dongguan, Guangdong Province, said that in order to ensure the normal operation of the company in the past two years, the wages he has given to workers have become higher and higher. Ten thousand yuan has risen to 120,000 yuan in the first half of this year, and the 50% increase in wage costs has not been able to withstand the pressures of small companies such as us who rely mainly on the cost of labor.
One side is the continuous appreciation of ***, while the other side is a tight-tight nerve of foreign trade companies have "cry". The author interviewed several export companies on two consecutive days and found that in order to succeed in "warning" exchange rate risks, in addition to adopting technical measures such as early settlement, they still need to "walk on multiple legs" to plan a transition or set up factories overseas.
The impact of appreciation cannot be generalized. The appreciation of *** has also affected the export of domestic iron and steel enterprises. Gao Pengqiang, general manager of Shandong Boxing Hualu Iron & Steel Co., Ltd., told the reporter: “Because of the recent record high exchange rate, the cost of steel production has been on an upward trend. As a result, the price of steel has risen to compete with steel exporters in other countries. It is bound to be at a disadvantage."
According to Gao Pengqiang, domestic steel demand is strong, but profits are thinner than export steel. The company's profit mainly depends on the export of steel. Therefore, the appreciation of *** has brought a greater negative impact on the company.
"With the appreciation of ***, the export price of domestic steel will rise. Under the fierce international competition environment, the cost advantage of China's export of steel has been weakened. The appreciation of *** means that the same US dollar will buy fewer Chinese products. The purchase intention of foreign buyers may be reduced. In this way, the domestic steel export will be suppressed.†Gao Pengqiang said that the international market has a slowly digesting process of increasing prices, and the domestic market will gradually pick up after digestion. However, in the long run, exports are still the lifeline of domestic steel companies.
"Work is hard to find, money is hard to earn"
"Not the lack of work, the key is that wages are too low." In the labor market in Leqing Town, Yueqing, Wenzhou, I met 32-year-old Fang Houliang of Chongqing. He said that his current monthly salary is 2,000 yuan, and he is preparing to find another employer. Fang Houliang calculated an account: monthly rent, utilities, a total of 300 yuan, a family of three to eat 1200 yuan, plus smoking, cell phone charges and other expenses, not much money left, "pork, gas, oil and salt sauce are If you are going up, you should find a job with a monthly salary of 3,000 yuan."
The author learned from multiple labor markets in Wenzhou and Yiwu, Zhejiang Province that many workers have not been able to find a job for almost a week, and the longest one has waited for 2 months. They said that the boss’s unwillingness to increase working wages is the main reason why workers are not willing to go to work. “We do piecemeal jobs, how much money each item can make, and how much the boss can make, we will figure it out. We are not stupid.â€
The person in charge of a precision metal manufacturing company in Dongguan, Guangdong Province, said that in order to ensure the normal operation of the company in the past two years, the wages he has given to workers have become higher and higher. Ten thousand yuan has risen to 120,000 yuan in the first half of this year, and the 50% increase in wage costs has not been able to withstand the pressures of small companies such as us who rely mainly on the cost of labor.
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Jiekelong Precision Manufacturing Co., Ltd. , http://www.nbcoupling.com