change rate risk will effectively reduce
Chen Jinlong, director of financial research center of School of business administration, Huaqiao University. Analysis: "using RMB as the currency of international trade settlement, the most direct point is to avoid the exchange rate risk.". In addition, it can reduce the exchange cost. Moreover, as the renminbi is stronger, Asian countries are happy to accept the renminbi as currency for settlement. Trading directly with the renminbi will help boost confidence in export enterprises and expand exports." cheap jordan shoes for men
"the use of RMB settlement of low-end products line of SMEs, the impact is greater."." Yang Yang, general manager of light industry Fan Shaoqing said, "small and medium-sized enterprises due to unstable trade relations, profit margins are small, enterprises have no bargaining power, is generally used under the order of the day of the exchange rate for settlement.". Therefore, with the fluctuation of the dollar, there will be a great deal of exchange rate risk in the trade. If the exporters can accept RMB settlement, the export costs and risks Cheap air jordans for sale of SMEs will decline."
however, for some high-end companies that had originally adopted the exchange rate risk prediction mechanism to quote prices, Fan Shaoqing argued that the use of RMB settlement was of little significance. "Because these companies already have their own mechanism to avoid the exchange rate risk, trade risk is small, plus the product mainly for Europe and other developed countries, apparently not so easy to carry out cross-border RMB trade settlement in these countries."
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2014-4-25 upload at 14:17& nbsp; & nbsp; & nbsp; According to French media reports, the Adidas company executives said, in v cheap jordans online iew of Chinese wage increase, to reduce production costs, Adidas ready to be part of the transfer of production and procurement from China. Meanwhile, sources said, Nike, Puma and other international shoe giant has the same preparation. & nbsp; & nbsp; & nbsp; Asia Footwear Association Secretary-General Li Peng, China's footwear industry in recent years, overall costs rose by 25% to 30%, while the footwear industry average profit margin of 5% to 8%. Especially in the RMB exchange rate instability, may engulf orders profits and even loss-making enterprises. & nbsp; & nbsp; & nbsp; It is reported that Adidas is very concerned about the continuous appreciation of the RMB, the Government of processing trade policies and the impact of new "Labor Contract Law" on the investment environment in the Mainland, and its large-scale manufacturing enterprises in Guangdong Wanbang Shoes and other intensive discussions over. For cost-push increase request foundries, Adidas has made some compromises. However, in the factories and buyers of the game process, China business orders lost 10% to 15%, mainly went to Southeast Asia. & nbsp; & nbsp; & nbsp; Adi in the "exodus" of the same time, some foundries have been his "hostage", together went "abroad." & nbsp; & nbsp; & nbsp; According to reports, Taiwan's Yue Yuen Group, set up many factories in the mainland, is designed specifically for Adidas and so do the OEM, Southeast Asia in recent years have begun to shift, left factories It has shifted from the coast to the mainland. Windsor now has more than 10 industrial zones in Vietnam and Indonesia, hundreds of thousands of employees, the proportion of production of footwear increasingly beyond China. & nbsp; & nbsp; & nbsp; at the same time, Nike also require some Chinese shoe companies moved their production bases in India. & nbsp; & nbsp; & nbsp; an unnamed internationally renowned sports brand OEM company official told reporters, the partners had asked them to co-invest and build factories in India. But in the study of India's resources, he found inadequate facilities, and other factors have led to worker time capacity can not meet the requirements, causing increased costs, so now only the sidelines.Tag: jordan 7 retro og , bordeaux 7s size 10 , nike jordan 3s , discount jordan shoes wholesale