The reporter has just participated in the 108th Canton Fair. From the perspective of the Canton Fair, the format is still good. Many foreign companies are still very interested in the various newly developed floor types of floor companies. From the perspective of the entire floor exhibitor, Domestic flooring companies are still more popular with buyers.
In addition, the appreciation of *** is relatively large for enterprises, especially for export-oriented enterprises. Appreciation of *** is both a challenge and an opportunity. Enterprises can grow stronger in the storm.
*** The direct effect of the appreciation is the decline in profits. The appreciation of *** means that the price of Chinese products expressed in foreign currencies has risen, which means that foreign consumers spend more money to purchase Chinese products, so that the prices of Chinese products in the international market increase. However, China’s manufacturing export products are mostly concentrated at the low end, and their competitive advantage is not strong. The competitive approach is also mainly through price measures. As a result, Chinese companies lose their price advantage. The exchange rate changes will cause the inflow and outflow of the export companies to be inconsistent, which will cause the export companies' expected returns to have certain economic risks. As a result, the volume of exports caused by the situation decreased, and corporate profits shrank.
How to cope with this situation has become a common challenge faced by many export-oriented companies. The editor of Jiuzheng Building Materials Co., Ltd. recommends that flooring companies firstly export enterprises to correct their attitudes, and use positive attitudes to face the rise of *** and ***. Implement a managed floating exchange rate system based on market supply and demand, with reference to a basket of currencies for adjustment. For any export company, they must face exchange rate risks. Each company should actively consider the source and use of funds, its own financial resources, and the specific circumstances of the market. Specifically, the time for the entire order process can be shortened and the export can be accelerated. And we must strengthen internal management, improve work efficiency, reduce costs, in order to achieve the purpose of improving profits.
In addition, the appreciation of *** is relatively large for enterprises, especially for export-oriented enterprises. Appreciation of *** is both a challenge and an opportunity. Enterprises can grow stronger in the storm.
*** The direct effect of the appreciation is the decline in profits. The appreciation of *** means that the price of Chinese products expressed in foreign currencies has risen, which means that foreign consumers spend more money to purchase Chinese products, so that the prices of Chinese products in the international market increase. However, China’s manufacturing export products are mostly concentrated at the low end, and their competitive advantage is not strong. The competitive approach is also mainly through price measures. As a result, Chinese companies lose their price advantage. The exchange rate changes will cause the inflow and outflow of the export companies to be inconsistent, which will cause the export companies' expected returns to have certain economic risks. As a result, the volume of exports caused by the situation decreased, and corporate profits shrank.
How to cope with this situation has become a common challenge faced by many export-oriented companies. The editor of Jiuzheng Building Materials Co., Ltd. recommends that flooring companies firstly export enterprises to correct their attitudes, and use positive attitudes to face the rise of *** and ***. Implement a managed floating exchange rate system based on market supply and demand, with reference to a basket of currencies for adjustment. For any export company, they must face exchange rate risks. Each company should actively consider the source and use of funds, its own financial resources, and the specific circumstances of the market. Specifically, the time for the entire order process can be shortened and the export can be accelerated. And we must strengthen internal management, improve work efficiency, reduce costs, in order to achieve the purpose of improving profits.
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