Cross-border payments: foreign trade dealers "heart forever of pain"

Hugo from Australia new fast network reported that since June 20th, the Australian dollar exchange rate fell to a low of 33 months, economists said in Australia, cheap overseas travel and attractive online shopping have ceased to exist. With the Australian dollar fell, overseas travel and online retail prices will went soaring. Australia is an important market for many of China's foreign trade enterprise B2C, according to the insiders, the Australian dollar fell will affect China's foreign trade business enterprise market sales in the country.
In 2013 the new year when the Shandong some enterprises will eat the depreciation of the yen suffered: CICC chief economist Peng Wensheng calculates that, in accordance with the RMB appreciation of the yen nearly 20% estimates, roughly corresponding China's real effective exchange rate by about 1.5%, may cause our actual exports fell by about 2.5 percentage points. Statistics from Qingdao customs, in January this year, the province's foreign trade import and export value of $21700000000, compared with the same period last year grew 16.1%, lower than the national export growth rate 10.6 percentage points, at the same time, annulus comparing fell 2.6% in December last year.
Since February, the yen against the Yuan middle price continues to fall, as of February 25th, the devaluation of 8.49%. According to the continuous depreciation trend since the end of last year the yen, some domestic experts and scholars hold different opinions, some believe that China's economic influence of the devaluation of the yen is limited, some think may have a negative effect on the Chinese economy is larger in the medium, but the majority of per capita think, on China's export industry especially high value-added mechanical and electrical products, home appliances, electronics influence of components etc..
In May 2nd, the spot exchange rate against the dollar closed at 6.1540, followed by the middle price again both hit a new high since the exchange reform. RMB exchange rate against the dollar in the middle price of 6.2082, compared with the previous trading day up 126 basis points to. RMB appreciation in this year is to regain the momentum for foreign trade enterprises stride forward singing militant songs, shouted. For export enterprises, which means that at the beginning of the year, under the orders, up to now in dollar terms, profits shrink 0.7%. For export enterprises to complain to high heaven.
The exchange rate of RMB ferocious rally, let the Chinese export enterprises bearing. Chinese Commerce Ministry spokesman Shen Danyang said the Ministry of Commerce, a sampling results show, 77.5% of the enterprises from 1 to April fell significantly in the hands of contract profit, the enterprise of 6.6% even said that will affect the normal performance, there are 73.4% enterprises expected full-year exports year-on-year profit can be flat or declining.
In addition to shrinking profits, "there is generally not received a single" phenomenon. As a barometer of foreign trade situation, this year's spring fair comparison of enterprise order carefully, statistics of the general assembly, 6 months short orders amounted to 83.7%, reflecting the enterprise for long-term business confidence. Pass a deputy general manager Xiao Feng said, the rapid appreciation of the renminbi on the impact of foreign trade enterprises is not only the decline in profits, and businesses do not dare, dare not take long single, which led directly to the consequences of the two, one is the single amount is not enough, two is a short single lead enterprise comprehensive cost rise sharply
MYEX min Asia International Express
2013-07-04