Shishi Export-Oriented Shoes And Clothing Enterprises Change Their Way Of Settlement

This Monday is the first trading day announced by the central bank to further push forward the reform. export-oriented enterprise In the wake of this movement, the international trade clients are urged to settle accounts and convert their dollars into Renminbi. And shortening the settlement time is an important task for Shishi export-oriented enterprises. Shishi, a business owner told reporters that recently due to their timely conversion, to avoid 3% of the exchange losses.

This Tuesday, the renminbi. Internationalization The process will take another big step, and RMB settlement will be extended to all countries and regions. At the height of the international financial crisis, many countries' currencies have depreciated sharply against the US dollar. Shishi enterprises have been used to settle accounts in US dollars. Now, the US dollar also starts to depreciate the trend, looks like, uses the renminbi as the settlement currency is the most insurance. Some enterprises in Shishi are consulting with international traders. They hope to use RMB as settlement currency in the future. Shishi export-oriented enterprises told reporters that international traders are more active in taking RMB as a settlement currency, and think they can consider this proposal. But for practical operability, they also face new issues and fear that there will be a huge fluctuation in the exchange rate.

Frequent fluctuation of exchange rate is a constraint on stone lions. Textile and clothing export One of the important factors. According to the analysis, the RMB exchange rate reform will help to reduce the risk of export of enterprises, but also conducive to the maturity of Shishi textile and garment industry, because only by improving the added value of products, winning the pricing power and taking the road of product differentiation, can Shishi enterprises go further along the way of export.