www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto China

Weakened yuan expected to help nation's car exports

By Hao Yan and Yang Cheng (China Daily) Updated: 2015-08-17 11:28

After a three-day sharp slide in the renminbi exchange rate against the US dollar, some industrial experts and auto executives are reportedly expecting the lower exchange rate to stimulate more vehicle exports.

However, Dong Yang, secretary general of the China Association of Automobile Manufacturers, said the renminbi exchange rate is still high compared with the Japanese yen and South Korean won.

He said because Chinese carmakers compete with Japanese and South Korean car exporters, new Chinese cars that used to be the same price as many used Japanese or South Korean cars are now similar prices to new Japanese or South Korean cars.

"Despite the fact the renminbi exchange rate against the US dollar dropped, it was still rather high, so the slide of renminbi rate against the US dollar won't work for Chinese carmakers," he added.

Japan and South Korea have applied a series of monetary easing policies to make the Japanese yen and South Korean won low compared with the Chinese renminbi.

Before the significant depreciation of the yen and won, a trader could import a new Chinese car for the same amount of US dollars that could buy a used Japanese or Korean car. Now a new Chinese car has a similar price tag to a new Japanese or Korean car, according to Dong.

A weaker yuan is expected to help made-in-China vehicle exports, which have shrunk in the past two years and were down 14 percent in the first seven months of this year.

Chery, China's biggest vehicle exporter, said the move to devalue the yuan will help its sales overseas and shipments will rise by 20 percent this year, Yin Tongyue, chairman of Chery, told Bloomberg.

In terms of Chinese carmakers going overseas, Dong said it takes at least two to three years to fully set up a plant abroad.

"Only until the products and technologies hit standards, a reasonable currency level, mature policies as well as sufficient production capacity are ready, they can achieve their targets to make their footholds," he said.

Domestic surge

July saw Chinese consumers buy the fewest passenger vehicles for 17 months, extending a slump in the world's largest auto market as deeper discounts failed to revive demand.

Figures from the China Association of Automobile Manufacturers showed passenger vehicle sales declined 6.6 percent, also to a 17-month low.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 很黄的网站在线观看 | 欧美成人猛男性色生活 | 亚洲一区视频 | 深夜福利网站在线观看 | 福利片成人午夜在线 | 亚洲一区在线免费观看 | 久久成人福利视频 | 综合久久99久久99播放 | 日韩一级不卡 | japonensis国产福利| 欧美性猛交xxxxx按摩国内 | 亚洲一级毛片 | 欧美精品首页 | 欧美同性videos在线可播放 | 亚洲日韩中文字幕在线播放 | 国产一区二区三区视频在线观看 | 国产成人黄网址在线视频 | 亚洲精品乱无伦码 | 欧美视频在线观看一区二区 | 日韩国产成人资源精品视频 | 国产精品黄色 | 草草视频免费观看 | 国产在线拍揄自揄视精品不卡 | 色播亚洲精品网站 亚洲第一 | 日本乱人伦片中文字幕三区 | 久久久久亚洲精品影视 | 中日毛片 | 午夜国产高清精品一区免费 | 男人的天堂中文字幕 | 大臿蕉香蕉大视频成人 | 色久网 | 男女配种猛烈免费视频 | 国产三级中文字幕 | 免费一级欧美毛片 | 亚洲无线一二三区2021 | 国产亚洲精品日韩已满十八 | 中文精品视频一区二区在线观看 | 欧美ⅹxxxx视频 | 毛片三级 | 免费精品99久久国产综合精品 | 国产欧美日韩综合精品一区二区三区 |