Faster rise of yuan

[color=Red]Knowing this is not so easy to read like some casual topics, but hope its useful for us to explain to customers when necessory.... :) [/color]{])N5Wd3ei*Z
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[size=4]Chinas currency, the yuan, has hit a new high against the US dollar for the sixth time since the beginning of this year. By breaking the 7.25 mark against the US dollar yesterday, the yuan has kept smashing psychological barriers for three trading days in a row.^X2J,{nv5H

_.{%Q4iY$U Such quickened revaluation seemingly underscored the Chinese governments determination to rein in domestic price hikes.
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[;y~5|)z FYY If so, Chinese exporters must expedite their restructuring to cope with the substantial impact of faster appreciation of the yuan on their bottom lines.CScNF1He5}

I9X Fu2M5yT ^ The yuan already advanced about 7 percent against the US dollar in 2007, twice as fast as in 2006./M'yS&\5sp'c"Cd U

H[(GL@A+uB Yet, against all the odds of a rising yuan and overseas safety concerns over Chinese exports, the country still registered a trade surplus of $262.2 billion last year, up 47.4 percent over the previous year.[/size]

[size=4]The resilience of Chinas export sector is surely impressive. It even might have allowed the policymakers to be more concerned about domestic inflation rather than worrying too much about the pressure of faster appreciation on exporters.
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Chinas consumer price index has hovered above 6 percent year-on-year for four months, driving consumer inflation to 4.6 percent for the first 11 months of 2007."vCq[]n!w7T

M;}\7IuR$Pr1GZ/c Though double-digit growth of food prices remained the major driving force of consumer inflation, emerging signs of continuous price hikes in many non-food sectors have persuaded the Chinese authorities to make it a top priority to fight overall inflation this year.
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Under such circumstances, it looks reasonable to strengthen the Chinese currency to fight domestic inflation pressures now.[/size]

[size=5]It is believed the yuans rise will help reduce the countrys massive trade surplus, mop up excess liquidity and curb inflation.
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&k'U,qU3C The latest acceleration in the rise of the yuan might be just the beginning of the countrys efforts to narrow the trade imbalance while better meeting domestic demand with more imports.
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4kW:|-r-^6tGJ However, it is obvious that the prospect of a stronger yuan will further erode profit margins for many Chinese exporters.}l9[4@ aVN9W]
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Their success in the past two years to cope with a gradual rise of the yuan can hardly be enough to guarantee their survival this year. The new challenges Chinese exporters have to face include not only a more expensive local currency but also stringent environmental standards, rising wage levels, and weakening external demand. [/size]

The Chinese yuan may rise more than 10 percent this year against the dollar,now I can feel that we get less and less profit from daily business.:Q
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Q7m/D$r`1s l0Igg And the prospect of a stronger yuan will further erode profit margins for many Chinese exporters,it is a strong fact.:L

Reply #4 bacon999's post

I cannt agree with you more:L

For me personally, i will have to pay back to my company for a bigger order of USD125600. coz all sales are expected to be held economically responsible for all orders.... %o@ {1n#@M*x"@ y
Not sure how much we will lose at that order.. :L :L

[quote]Originally posted by [i]Banana-apple[/i] at 2008-1-29 13:29 [url=http://forum.fobshanghai.com/redirect.php?goto=findpost&pid=3207971&ptid=317237][img]http://forum.fobshanghai.com/images/common/back.gif[/img][/url]
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wX? For me personally, i will have to pay back to my company for a bigger order of USD125600. coz all sales are expected to be held economically responsible for all orders....
E!M#R8P'[HV Not sure how much we will lose at that order.. :L :L [/quote]
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Ynv[k-Nf T_ It seems there is very small profit for you from this order at that time you got the order,and then the rise of yuan even make you lose.:L
]t)t:]&VH,m'^ a Don't worry,I will share your lose.:D

Ya,we all lose cuz of the rising.......:L

Reply #7 bacon999's post

great.... so kind of you i will send you the actual amount when it comes out..... 3Qd"s%c]Q)S ZG
and, if i wont lose, i will share with you my income too... :lol :handshake

[quote]Originally posted by [i]Banana-apple[/i] at 2008-1-29 15:41 [url=http://forum.fobshanghai.com/redirect.php?goto=findpost&pid=3208348&ptid=317237][img]http://forum.fobshanghai.com/images/common/back.gif[/img][/url]
sti'PMW!M'^W great.... so kind of you i will send you the actual amount when it comes out..... /b9d|yj
and, if i wont lose, i will share with you my income too... :lol :handshake [/quote]
,h5j2h.s bF;a4[L"y Good partners!:handshake :lol
N/J"^%_c`?"B Please let me know your bank details.:lol

Reply #1 Banana-apple's post

today i find the exchange rate has reached to 1:7.2
f"dDrgr6{d:{ the fact is so cruel

Reply #11 jerry1983's post

really need it to be 1:1, then we don't need to spend so much time on this headache...:lol

Reply #12 Banana-apple's post

hehe2hD!a#Gz$JxZ
that will make many people crazy
9\ pl(W+i]r7s8T:xA :lol :lol :lol :lol :lol :lol

anxious to see what the bank will bring today...

Reply #14 Banana-apple's post

maybe you can log on the bank of china to check it nowD
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the exchange rate will be released at 9:00 o'clock