Euro Depreciation &Nbsp; Footwear Exports To EU Or Atrophy

Be engaged in Footwear export Mr. Li has added a lot of export orders this year, but he is still unhappy. 2 months ago, his company exported a number of textiles to Europe, but when it checked out, it suddenly discovered that the contract was quoted in euros. Because the euro exchange rate continued to decline, it quietly evaporated nearly 100 thousand yuan profit.

As one of China's main export markets, the EU's trade status should not be underestimated. Especially when the financial crisis broke out, the strength of the euro has won the favor of many international traders, and has also made some export enterprises in Wenzhou accustomed to the euro settlement.

According to statistics, Wenzhou's exports to the EU increased by 24% in the 1-6 months of this year, and exports to the European Union accounted for 27.5% of Wenzhou's total exports. From the first half of the year's export data, the ratio of exports to the EU increased year by year. Wenzhou City The overall export growth rate is 5.3% lower.

However, the euro, which has always been valued by Wenzhou enterprises, has entered the path of depreciation when Greece's debt problem is exposed. This has also become the beginning of the nightmare of those who are accustomed to using the euro to settle accounts. The euro continued to fall against the RMB exchange rate, falling nearly 15% in the past six months, and the worst performance in all non US currencies. Some major export enterprises in Wenzhou indicated that because of the settlement of the US dollar by some enterprises, the direct depreciation of the import and export trade caused by the continued depreciation of the euro was not large, but the export orders for the EU in 5 and June have begun to decrease.

Wenzhou exports European Union The main products are low value added traditional goods that win the price, such as shoes, clothing, glasses, etc. the European enterprises that need to import goods from China may lower the price or even reduce the order quantity. Export companies generally expressed concern that, if the euro continued to fluctuate, exports to Europe would just shrink.

Supplement:

The Russian Industrial Park, which was led by Wenzhou private enterprise Kangnai group, has gained new progress recently.

In July 1st, Russia's usurusk economic and trade cooperation area Coordination Committee was held in the municipal conference room of Wusu Rees Ke City, Russia. The meeting was convened by Rees, mayor of Wusu, mayor of Lu Jicha, and chairman of Duma, Lugi. Zhong Puming, general manager of Kangnai group, Li Yongfan, general manager of cooperation area, and relevant departments of Wusu and Rees municipal government attended the meeting. The meeting agreed on the next stage of planning and construction of the cooperation zone.

Two days before this meeting, the mayor of lujiga, Zeng Yi, Rees, the head of relevant departments of the Wusu city, visited the cooperative area and held an on-site office meeting to help the park solve the related problems of architecture, design, greening and other local TV stations.

It is understood that the usurusk economic and trade cooperation zone was one of the first eight overseas economic and trade cooperation zones approved by the Ministry of Commerce of China in 2006. It was jointly led by Kangnai group, Jixin industry and trade group and Huarun company. It is located in wusurusk, far east of the Russian Far East coastal area, with a planned area of 2 million 280 thousand square meters. It plans to introduce 60 domestic enterprises with a total investment of 2 billion yuan. Since the second half of 2006, the construction of the cooperation zone has been carried out in an all-round way. Now the first phase of the project "seven links, one level" and other infrastructure has been matched, production areas and living areas have begun to take shape. At present, more than 20 enterprises have been stationed in domestic enterprises, and their production and operation are in good condition. In 2009, they realized sales of US $158 million and taxes of US $27 million 800 thousand, becoming the first large taxpayer in Russia's Wusu Rees city. In March 20th this year, vice president Xi Jinping visited Russia during Vladivostok (Vladivostok) to convene the report of the usurusk economic and trade cooperation zone. At the meeting, Xi Jinping put forward that the cooperation zone should be a model for cooperation between China and Russia, especially in the Far East.