Sichuan Shoe Enterprises Lock In Exchange Rate To Cope With RMB Appreciation Pressure

　　 As a barometer of China's foreign trade, the 108th Canton Fair ended on the 4 day. stay RMB In the context of appreciation 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. But the Sichuan provincial commerce department official said Rebound in foreign trade Faced with many uncertainties, many Sichuan enterprises are generally cautious about the situation next year.

Fixing exchange rate to cope with the pressure of RMB appreciation

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."

Supplement:

Reporters learned from the municipal entry exit inspection and Quarantine Bureau, before October this year, the 452 batch, 2 million 76 thousand pairs, and 22 million 179 thousand dollars of leather shoes export inspection were accepted. Compared with the same period last year, batches, quantities and amounts rose by 120.5%, 100%, and 88.1% respectively. The number of batches and quantities has doubled, and the amount has also been greatly improved.

　　 It is understood that there are nearly 60 footwear enterprises with export performance in Jiaxing. Export Mainly in the low-grade PU shoes, cloth shoes and indoor shoes, and a small number of leather shoes exports, products are mainly exported to the European Union, the United States, Japan, Australia and other countries and regions.