Enterprises Can Take Seven Ways To Reduce The Losses Caused By RMB Appreciation.

The 109th session Canton Fair It concluded in May 5th. At the meeting, the appreciation of Renminbi has become one of the most talked about topics in enterprises. Deputy director of Canton Fair, Ministry of Commerce Trade Wen Zhongliang, deputy director of the Department, suggested that enterprises could reduce in seven ways. RMB Losses brought by appreciation.

One is to lock in the exchange rate. That is, when an enterprise signs a contract with a client, it decides to press a certain contract. exchange rate Level settlement or set the allowed fluctuation range.

The two is to further promote cross-border trade RMB settlement. Over the past one or two years, China has signed currency swap agreements with many countries, and the process of RMB internationalization is accelerating. But in general, the proportion of RMB used as payment currency in international trade is still limited. However, China's future cross-border trade in East Asia and the Middle East will have great potential for RMB settlement.

Three is the transfer of operating costs. In the domestic market, enterprises often pass the cost pressure to consumers through the way of price increase. In the international market, they can also negotiate with buyers and sellers to reduce exchange losses.

The four is to grasp the opportunity of low import cost. Chinese enterprises should make use of the cost of imports brought by the appreciation of the renminbi to reduce the import of resources, energy and products, and balance imports and exports.

The five is the joint foreign trade. We should give full play to the role of industry organizations and jointly protect the interests of the industry.

Six, we should strive to develop new markets and develop new customers. The appreciation of the renminbi has brought about a narrowing of profit margins, which is forcing the industry to transform and upgrade. Transformation and upgrading include many aspects. Powerful enterprises should strive to create their own brands, relying on brand advantages, and establish technological, service, R & D advantages. Small and medium-sized enterprises should play their own advantages through cooperation with large brand enterprises.

Seven is to optimize marketing and services. We should pay attention to widening marketing channels and developing high-end marketing. Not only focus on product quality, but also focus on providing quality service. We should try our best to innovate the mode of marketing and service.