Which industries in China will be affected by the appreciation of the renminbi

The foreign trade processing and export industry has the greatest impact.

The appreciation of the renminbi affects all walks of life, among which the impact on import and export enterprises is the greatest.

The RMB exchange rate has long become an important factor in determining the profits of export-oriented enterprises. If the appreciation of the renminbi accelerates, exporters will come under pressure. Since the exchange rate reform, the cumulative increase of RMB in seven years has exceeded 32%, and many export-oriented enterprises have long been accustomed to using various ways to avoid exchange rate risks.

Any export-oriented enterprise pays close attention to the changes in the exchange rate and quickly takes contingency measures when the wind blows. In the first half of 2012, the RMB was expected to depreciate, and many foreign trade enterprises began to choose to hold US dollars, not only did not rush to settle foreign exchange, but also stopped operating forward exchange rate hedging for many years.

Since July 25, 2012, the renminbi has appreciated by about 2% against the US dollar. This appreciation has exceeded the expectations of most market participants, and it has also caught export-oriented companies off guard. Many export-oriented enterprises often have a billing period of 1-2 months, that is to say, a month or two ago when the shipment has been determined according to the exchange rate at that time, and now when receiving foreign exchange, because of the large fluctuations in the exchange rate, the company has to bear the loss, and the maximum loss may reach 2%.

Due to the rapid appreciation of the RMB, the ** spot foreign exchange settlement ** is lower than the forward foreign exchange settlement**. Although forward foreign exchange settlement is more cost-effective, some companies still choose to wait and see, because the recent appreciation of the RMB is too fast, and they hope that there will be a larger one next, and it may be more cost-effective to do forward foreign exchange settlement when ** appears.

I think it has an impact on any industry, but there are pros and cons!

Abstract: RMB appreciation is good for airlines (Air China, China Eastern Airlines, Spring Airlines, Juneyao Airlines), papermaking (Chenming Paper, Shanying Paper, Sun Paper, Huatai), park development (Huaxia Fortune, Shibei High-tech, Haitai Development), real estate (China Merchants Shekou, Poly Real Estate, Vanke A, Gemdale Group), communication operation (China Unicom, Erliu.

3. Zhongjia Bochuang, Huichang Communication), communication equipment (Shengyang Technology, Dongtu Technology, Tianyi Co., Ltd., Sunsea Intelligence) and other industries, but in addition to the aviation industry, the degree of benefit to other industries is not high, and there is a certain negative for steel, audio-visual equipment, oil exploitation, textiles and garments, components and other industries.

Which industries are good for the appreciation of the RMB?

Hello, I'm sorting out the answer to your question, so please wait a minute

Good products and mines are sold abroad and domestically.

Non-ferrous (copper, cobalt, nickel) is better waiting.

The appreciation of the renminbi is good for aviation (Air China, China Eastern Airlines, Spring Airlines, Juneyao Airlines), paper (Chenming Paper, Shanying Paper, Sun Paper, Huatai Co., Ltd.), park development (China Fortune, Shibei High-tech, Haitai Development), real estate (China Merchants Shekou, Poly Real Estate, Vanke A, Gemdale Group), communication operations (China Unicom, Erliu.

3. Zhongjia Bochuang, Huichang Communication), communication equipment (Shengyang Technology, Dongtu Technology, Tianyi Co., Ltd., Sunsea Intelligence) and other industries, but in addition to the aviation industry, the degree of benefit to other industries is not high, and there is a certain negative for steel, audio-visual equipment, oil exploitation, textiles and garments, components and other industries.

It has an impact, that is, you can buy the same copper, cobalt and nickel for less money.

Is it good? Unfavorable thanks! You are welcome.

The appreciation of the renminbi will be a long-term positive for industries with a high proportion of imports, large external debt, or high liquidity or large RMB assets.

Key beneficiary sectors include:

1. The real estate and infrastructure industry is a non-first-class real estate industry, and the appreciation will comprehensively enhance the value of domestic local tung production assets, 2. At the same time, the investment value of airports, ports, railways, highways and other infrastructure and basic industries with limited resources, monopoly or long construction period and small supply elasticity will be greatly benefited;

3. The financial industry, especially the banking industry and the ** industry, is a capital-intensive industry engaged in monetary and capital business, and because it has good liquidity and liquidity, it belongs to the industry with high RMB assets, so it will attract a large inflow of international funds and thus benefit;

4. Aviation, electric power, oil refining, papermaking, construction machinery and other industries benefit from the cost reduction caused by the dependence on foreign procurement of raw materials or equipment, or the income from foreign exchange gains and losses caused by the repayment of principal and interest caused by large foreign debts, and the aviation industry has a strong advantage in the domestic market.

5. The high-tech industry that relies on technology imports does not have an advantage in the intellectual property rights of key science and technology, and will maintain a large number of imports in a certain period of time, and can maintain its own advantages in terms of cost under the premise of exchange rate appreciation.

1. Definition of RMB appreciation and depreciation:

1. The appreciation of the renminbi refers to the increase in the exchange rate of the renminbi against other currencies, and in the most popular terms, the purchasing power of the renminbi has increased, and prices are prone to inflation as they rise;

2. The depreciation of RMB refers to the ratio of one country's currency to another country's currency, that is, the exchange rate.

2. Impact of RMB appreciation:

1. Positive impact:

1) It is good for Chinese imports;

2) the cost of raw material import-dependent manufacturers has decreased;

3) the ability of domestic enterprises to invest abroad has been enhanced;

4) increased profits of foreign-invested enterprises in China;

5) It is conducive to the study and training of talents abroad;

6) The pressure of external debt repayment has been reduced;

7) it is more cost-effective to sell Chinese assets;

8) China's GDP has improved in the international arena;

9) increase state tax revenues;

10) The international purchasing power of the Chinese people has increased.

2. Negative impacts:

1) The renminbi is not freely convertible under the capital account, which means that the mechanism that determines the exchange rate is not the market, and there is no point in changing it;

2) a stronger renminbi will put more pressure on China's deflation;

3) the appreciation of the RMB exchange rate will lead to a decrease in the attractiveness of foreign investment and reduce foreign direct investment in China;

4) cause great harm to China's foreign trade exports;

5) The appreciation of the RMB exchange rate will reduce the profit margin of Chinese enterprises and increase the pressure on employment;

6) The fiscal deficit will increase due to the appreciation of the RMB exchange rate, and at the same time affect the stability of monetary policy.

3. The impact of RMB depreciation on China:

1. The depreciation of the RMB, for ordinary citizens, the most direct feeling is that it costs more money to travel and shop in the United States, study abroad, etc., and the same money in daily life has become less expensive;

2. In the view of economists, the exchange rate will have a certain impact on China's imports and exports, liquidity, etc.;

3. If the depreciation of the renminbi has a direct impact on China's economy, it will be the cost of imports, which will induce imported inflation. In view of the high import dependence of many important raw materials and parts in China, the depreciation of the RMB will inevitably exert upward pressure on downstream and final consumer goods.

4. The RMB exchange rate has entered a depreciation cycle, which will prompt a large amount of international capital to bet on the appreciation of the RMB to flow out of China in the short term. This will cause local liquidity in the country and push up market interest rates, which will eventually lead to housing prices, ** and other assets.

This can be at the national level and at the individual level.

Let's say that the renminbi has appreciated.

At the individual level, it is profitable, especially in the purchase of imported goods, which can be bought in foreign currencies for less RMB.

At the national level, such as import and export, commodities with the same RMB price will become higher after becoming a foreign currency because of appreciation, which will be detrimental to the country's exports.

However, in general, if the national level is damaged and the development reaches the individual level, although it is cheaper to buy imported things, the overall wealth level will also be affected, and there will be eggs under the nest.

What we just said is appreciation, and vice versa.