What are the beneficial and negative effects of RMB appreciation on individuals, enterprises, and co

Sharp. 1 Conducive to commodity imports. When the currency appreciates, the importer can increase the demand for the imported goods, which can increase the quantity of imports, as the importer can make additional profits from the appreciation of the exchange rate, and the additional profits provide the possibility of reducing the import of imports in the domestic market**, such as the import of automobiles and other imported goods**.

2 It is conducive to stabilizing domestic prices, raising incomes and providing more employment opportunities. The exchange rate is the national currency external**, and its changes will also have an impact on the price of the currency within the currency**. From the point of view of imported consumer goods and raw materials, the rise in the exchange rate will cause the import of goods to decline in the country, so that it can play a role in suppressing the overall price level, and the extent of its impact on the general price index depends on the proportion of imported goods and raw materials in the gross national product.

3 Good for tourism and study abroad. Whether it is traveling abroad or buying foreign goods, ordinary people can pay the same amount to enjoy more foreign products and services. With the appreciation of the renminbi and the depreciation of the dollar, those families who support their children to study abroad have also reduced the cost of studying abroad, becoming the direct beneficiaries of this renminbi appreciation, and at the same time making it cheaper for domestic residents to travel abroad.

Fraud. 1. It is not conducive to the entry of foreign tourists. Inbound travel for foreign tourists has become relatively expensive, which clearly has a negative impact on the domestic tourism industry.

2 It is not conducive to the export of goods. For example, the original Chinese 100 yuan goods sold to the United States only cost a little more than $12, but now the same commodity can be sold to the United States for nearly $13. Obviously, the appreciation of the renminbi is very unfavorable to China's exports.

3. Make the mainland lose its attractiveness to foreign investment. The appreciation of the renminbi has also made China less attractive to foreign investment in the mainland, because of higher production costs. For example, the same wages paid to Chinese workers, which used to cost only $100, now cost $108.

o(oThank you.)

Categories: Business Banking >> Finance.

Problem description: Why is the appreciation of the renminbi bad for our business? Isn't appreciation the way our money gets bigger? What's so bad about that?

Analysis: It's not as complicated as above.

It depends on whether you are mainly doing imports or exports. If it is an export, because the appreciation of the renminbi will mean that China's export goods will become more expensive for foreign buyers, which will affect the competitiveness of exports; If it is imported, the appreciation of the renminbi means that the same amount of renminbi can buy more imported goods, which is beneficial.

Because China is still an export-oriented economy, with a high dependence on exports, and a larger proportion of exporters than importers, the appreciation of the renminbi in general may have a negative impact on companies.

The impact of the appreciation of the RMB on the export business of foreign trade enterprises.

The appreciation of RMB is a long-term positive for industries with a high proportion of import business and large scale of foreign currency debt, but it has a greater impact on enterprises with high foreign currency assets, especially low value-added and low-profit export industries such as textiles and garments and agricultural product processing.

1) Export growth will be constrained.

Take the first quarter of 2008 as an example: at the beginning of January, the export of 1 US dollar of goods can be exchanged back into RMB, by the end of March the actual settlement of foreign exchange can only be exchanged back to RMB, if the domestic price does not fall, then it means that the enterprise will lose RMB for every 1 US dollar of goods exported, if the export of 1 million US dollars, the loss of 290,000 yuan. The decline in export profits will seriously affect the enthusiasm of export enterprises, if export enterprises to maintain a certain profit and increase commodity sales, will not only weaken the international competitiveness of export commodities, but also will lead to a decline in contract turnover, is not conducive to the increase of export products in the international market share.

As a result, the appreciation of the renminbi has somewhat inhibited the growth of exports.

2) Directly compress the profit margins of export enterprises.

The appreciation of the renminbi means that the renminbi of export receipts has decreased under the condition that the export sales have remained unchanged, while the procurement cost and the three expenses of sales, management and finance have hardly changed, and the result is that the profit margin has been compressed and even lost. For those enterprises that win at low prices and export products with low technology content, the export profits are already very meager, and then digest the losses caused by exchange rate changes, which makes enterprises feel that the future is difficult and dangerous, and even affects the survival and development of enterprises.

3) It has increased the foreign exchange settlement losses of foreign exchange receivables of enterprises.

Accounts receivable is one of the most important current assets of an enterprise, which has an important impact on the financial status of the enterprise, and the appreciation of RMB directly affects the foreign exchange settlement income of commodity exports, so that the export foreign exchange settlement income of the enterprise is converted into RMB and the exchange loss is generated, thereby reducing the cash inflow of business activities. It generally takes 1 2 months for commodity exports to be shipped to settle foreign exchange, and according to the 4% appreciation of RMB in the first quarter of this year, export enterprises will reduce their income by 4%.

What will be the impact of the appreciation of the renminbi, and is there any harm?

What will be the impact of the appreciation of the renminbi, and is there any harm?

China's economy is export-oriented, and exports have become one of the main engines of China's economic and employment growth. In 2004, it exported 100 million US dollars, accounting for more than 35% of GDP;

The total number of jobs provided by the foreign trade industry is about 70 million. Therefore, judging from these figures alone, the impact of the changes in China's imports and exports caused by the appreciation of the renminbi on China's economy and then on employment is undoubtedly huge. However, in terms of exports, processing accounts for more than 55% of China's export products (see Table 1).

As a result, the negative impact of RMB appreciation on exports will be greatly reduced. Processing in the processing of incoming materials, only the processing fee is earned, for processing enterprises, the cost of import and export is not directly related to it.

For the processing enterprises, the appreciation of the RMB is not good for their export products, but the import of raw materials, raw materials and parts is relatively reduced, so as to more or less offset the adverse impact of exports. Therefore, foreign trade industries and enterprises with different degrees of dependence on imports are affected by the appreciation of RMB to different degrees; At the same time, the different product structure and nature of industries and enterprises, and the different profit levels also determine their sensitivity to exchange rate changes, so it is necessary to conduct specific analysis of different industries.

0 2 0 2 0 2 0 2 0 2 0 2 0 2 The industries with greater negative impact mainly include textiles and garments, shoemaking, toys, motorcycles, furniture, etc

Lighting equipment, bicycles, etc. are labor-intensive

Industries with greater dependence on exports and industries such as agriculture.

0 2 0 2 0 2 0 2 0 2 0 2 The industries with less negative impact are mainly the electronic information industry The electronic information industry includes many subdivided industries and products, mainly including computers

Electronic components, electronic instruments and equipment, home audio-visual, communications