RMB appreciation has greatly increased the cost of China's lighting exports
The US Newsweek, which went public on December 24, 2007, featured "Whats Next: China" as the cover story, pointing out that China's becoming a global superpower is no longer a prediction, but a fact. Most countries and regions regard 2008 as the year in which China has leaped to the center of the world stage. The Olympics is China’s long-awaited party.
So far, China has contributed a lot to the growth of the global economy. Whether it is in trade, warming, Sudan, Darfur or North Korea, China has become a new key factor. Without it, it is impossible to reach a permanent solution.
However, for Chinese exporters, 2008 will be a challenging year. The trade frictions encountered by China have extended from the micro level of products and enterprises to the macro-system and policy levels, and the international trade environment has become increasingly severe. China has been the country with the most anti-dumping investigations in the world for 12 consecutive years. Currently, one third of the world's anti-dumping investigations are directed against China.
China's foreign trade continues to grow at a high rate, and the surplus is too large, which has led many foreign media to frequently create a variety of "China threat theory." The recent "threat theory" of Chinese product quality and food safety is outstanding, for example, on July 18, 2007. The US Consumer Products Commission announced the recall of six Chinese products with safety issues, including flashlights, air pumps, microwave ovens and children's shoes. On July 19, 2007, the Philippine Food and Drug Administration was from the White Rabbit Toffee produced by Shanghai Guanshengyuan. The carcinogen formaldehyde was detected. Some voices that advocate the protection of national interests and the invasion of foreign capital are also on the rise. The United States, the European Union, and Russia have adjusted their trade policies toward China this year. Developing countries are also worried about the growth of China's trade.
Like other export industries in China, lighting lighting products are labor-intensive products. They have long been winning at a low price and have a single model. They neglect the construction of the industry's own soft power and cannot participate in the formulation of international trade game rules. In 2008, waiting for China's lighting and lighting companies is not a Kangzhuang Avenue, but a slogan, we need to cross from the beginning.
Export costs have increased significantly
At the beginning of the new year in 2008, the exchange rate of the renminbi against the US dollar broke through the price of 7.3 yuan to 1 US dollar. Even so, the renminbi is still facing tremendous pressure to appreciate. It is foreseeable that the RMB exchange rate in 2008 will continue to break through historical highs. This will not only increase the cost but also the future for many Chinese lighting lighting exporters that settle in US dollars. Orders have added many uncertainties.
In addition, the price of copper has risen from more than 30,000 yuan per ton to more than 90,000 yuan, and the international crude oil price has also approached 100 dollars per barrel. The rise of raw materials has also brought great pressure on the export of lighting lighting products. Some business owners said that the export cost in 2008 increased by at least 30%-40%. As a labor-intensive industry, the lighting industry's profits are very limited. If the export price cannot be increased, the company may not survive.
The high freight rate brought by the high oil price has also made the company's profit margins more and more. Since October 2007, the container shipping price from Shanghai to Dubai has risen from 900 yuan to 1,500 yuan. The price of seaborne freight is climbing, which has a great impact on the export trade of the lighting and lighting industry.
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So far, China has contributed a lot to the growth of the global economy. Whether it is in trade, warming, Sudan, Darfur or North Korea, China has become a new key factor. Without it, it is impossible to reach a permanent solution.
However, for Chinese exporters, 2008 will be a challenging year. The trade frictions encountered by China have extended from the micro level of products and enterprises to the macro-system and policy levels, and the international trade environment has become increasingly severe. China has been the country with the most anti-dumping investigations in the world for 12 consecutive years. Currently, one third of the world's anti-dumping investigations are directed against China.
China's foreign trade continues to grow at a high rate, and the surplus is too large, which has led many foreign media to frequently create a variety of "China threat theory." The recent "threat theory" of Chinese product quality and food safety is outstanding, for example, on July 18, 2007. The US Consumer Products Commission announced the recall of six Chinese products with safety issues, including flashlights, air pumps, microwave ovens and children's shoes. On July 19, 2007, the Philippine Food and Drug Administration was from the White Rabbit Toffee produced by Shanghai Guanshengyuan. The carcinogen formaldehyde was detected. Some voices that advocate the protection of national interests and the invasion of foreign capital are also on the rise. The United States, the European Union, and Russia have adjusted their trade policies toward China this year. Developing countries are also worried about the growth of China's trade.
Like other export industries in China, lighting lighting products are labor-intensive products. They have long been winning at a low price and have a single model. They neglect the construction of the industry's own soft power and cannot participate in the formulation of international trade game rules. In 2008, waiting for China's lighting and lighting companies is not a Kangzhuang Avenue, but a slogan, we need to cross from the beginning.
Export costs have increased significantly
At the beginning of the new year in 2008, the exchange rate of the renminbi against the US dollar broke through the price of 7.3 yuan to 1 US dollar. Even so, the renminbi is still facing tremendous pressure to appreciate. It is foreseeable that the RMB exchange rate in 2008 will continue to break through historical highs. This will not only increase the cost but also the future for many Chinese lighting lighting exporters that settle in US dollars. Orders have added many uncertainties.
In addition, the price of copper has risen from more than 30,000 yuan per ton to more than 90,000 yuan, and the international crude oil price has also approached 100 dollars per barrel. The rise of raw materials has also brought great pressure on the export of lighting lighting products. Some business owners said that the export cost in 2008 increased by at least 30%-40%. As a labor-intensive industry, the lighting industry's profits are very limited. If the export price cannot be increased, the company may not survive.
The high freight rate brought by the high oil price has also made the company's profit margins more and more. Since October 2007, the container shipping price from Shanghai to Dubai has risen from 900 yuan to 1,500 yuan. The price of seaborne freight is climbing, which has a great impact on the export trade of the lighting and lighting industry.
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