The Impact Of Exchange Rate Changes

Recently due to the rising of RMB exchange rate against the dollar, the dollar to appreciate, imports and exports increase, for the domestic foreign trade industry is nothing but a favorable opportunity to foreign customers, to promote exports, so we both want to seize the good opportunity, impact of outbreak of the new champions league this year, the global shortage of supply of goods, Among the major economies, only China has strong export capacity due to better control of the epidemic. Given that the epidemic has not been well controlled and the lack of export capacity of other countries will continue for some time, China’s export growth is likely to continue for some time, which may offset the inhibitory effect of appreciation on exports. In 2021, when the global pandemic reaches an inflection point and countries recover their export capacity, the dampening effect of appreciation will begin to show up. Therefore, in the short term, the scale of trade is still growing, so there is a better space for business expansion for trading enterprises.
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Post time: Sep-16-2022