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Sichuan Shoe Companies Go To The Canton Fair For Gratifying Results

2010/11/11 13:36:00 45

As China

foreign trade

The barometer of the 108th Canton Fair ended on the 4 day.

Against the backdrop of appreciation of the renminbi and rising domestic production costs, the 500 Sichuan enterprises still handed in a good report card: the turnover reached $830 million, an increase of 3% over the previous session.

However, relevant officials of the Sichuan provincial chamber of Commerce said that in the face of many uncertainties in the recovery of foreign trade, many Sichuan enterprises are generally cautious about the situation next year.

　
四川制造意向成交8.3亿美元

Faced with many uncertainties in the recovery process of foreign trade, this year

Canton Fair

The number of merchants has been reduced compared with previous years. A total of 199 thousand overseas purchasers from 208 countries and regions attended the meeting, a decrease of 2.3% over the 107 session and an increase of 5.9% over the 106 session.

But even so, "made in Sichuan" still handed over a 830 million dollar business report, which was 3% higher than the previous one.

It is worth noting that for many Sichuan enterprises participating in this exhibition, appreciation of the renminbi and rising domestic production cost have become the two major problems that restrict the development of export enterprises in our province.

"This makes Sichuan enterprises in negotiations, short list, small single ratio increased substantially, most of the order execution period in the year, the latest not later than next year's Spring Festival."

Sichuan provincial commerce department responsible person said.

Lock the exchange rate to deal with the pressure of RMB appreciation

To cope with the impact of RMB appreciation on exports, many enterprises in Sichuan Province are thinking about countermeasures.

This time, the Chengdu Footwear Company Limited in the Canton Fair took the risk of locking the exchange rate.

Liu Ying, assistant director of the company, said: "we sell products not based on the current exchange rate, but calculate the exchange rate at delivery time. For example, 3 months later, we will set the price at the expected exchange rate of 1:6.4 to minimize losses caused by the appreciation of the renminbi."

However, a small number of Sichuan enterprises have successfully pferred the pressure of RMB appreciation and production cost increase.

Zhou Yalin, the head of Emei diesel engine in Sichuan, said that the price of a diesel engine has risen from $260 last year to US $300 because of the substitution of the agricultural diesel engine in the Southeast Asian market. "The company has hardly been affected by the appreciation of the renminbi."

The foreign trade situation is facing greater uncertainty next year.

According to the situation of the Canton Fair, the Sichuan provincial chamber of Commerce said that the statistics on the situation of the businessmen and the statistics of the paction reflected that the foreign trade enterprises were generally cautious about the situation next year, and that the aim of maintaining the level of this year was to strive to maintain the level of this year, which confirms the fact that the foundation of the world economic recovery is still not stable, indicating that it will take some time to fully resume the foreign trade.

Sichuan provincial commerce department official said: "the impact of cost fluctuations, some industries may face severe challenges, the development situation next year can not relax."