The appreciation of currency affects the export of screw jack sets
The appreciation of currency will affect the export of screw jack sets.First, let's take a look at why the renminbi appreciates?
Author:Yipeng| 发布时间:2020-10-15

The appreciation of currency will affect the export of screw jack sets.
First, let's take a look at why the renminbi appreciates?
It can be seen from my country's domestic factors: On the one hand, due to the net outflow of capital, although the surplus remains, the growth of foreign reserves is very difficult. On the other hand, exports are very strong, and the RMB exchange rate is not at the lowest level in history. Therefore, in the short term, the main goal of the central bank is still capital outflow, and the willingness to appreciate the renminbi is higher than depreciation.

screw jack sets

Exchange rate

With the exchange rate of RMB against the US dollar reaching a new high, where is the outlet for machinery products?
In recent days, the renminbi has risen wildly, and there has been a cry of foreign trade exports. I hope that everyone will not be too pessimistic. Huang Zhilong, director of the Macroeconomic Center of the Suning Financial Research Institute, said that at present, the appreciation of the renminbi against the dollar is still relatively limited, and the renminbi exchange rate index remains relatively stable, which has little negative effect on exports. At the same time, the steady rise of the RMB against the U.S. dollar is conducive to stabilizing the expectation of capital flows and curbing the desire for capital outflows. After listening to this sentence, is there any better mood for exporting?


Some commented that the relationship between exchange rate and
screw jack sets import and export for enterprises is ultimately a cost issue, or a profit issue. The appreciation of the renminbi will undoubtedly reduce corporate profits, but regardless of whether the exchange rate of the renminbi against the US dollar rises or falls, if the quality of the company's import and export products is not good, then there is no benefit or disadvantage. Therefore, for export companies, the most important thing is to control the quality of products. For our lazy machinery, we must produce high-quality screw jacks, road lifting machines, and hydraulic jacks to provide customers with better products and better quality Service.