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 / Industries

Manufacturers fail to profit from weak yuan

By JING SHUIYU and ZHONG NAN (China Daily) Updated: 2016-10-20 10:22

Manufacturers fail to profit from weak yuan

Visitors at the machinery section of the Canton Fair in Guangzhou, Guangdong province. [Photo/Xinhua]

Chinese machinery manufacturers have found it difficult to profit from the recent depreciation of the renminbi in the short term, company executives said.

Exhibitors from the machinery sector at the 120th Canton Fair in Guangzhou, Guangdong province, said the yuan depreciation, to its lowest level in six years against the dollar, had limited effect in boosting their business.

That was because many importing countries were themselves encountering depreciation pressures on their currencies-and some domestic manufacturing rivals had instigated a price war.

"Some of our clients in Indonesia, for example, are experiencing tough currency depreciation pressure against the dollar, so they were reluctant to spend and put off big purchases in the past few months," said Xiao Dan, general manager with Wuxi Kipor Power Co Ltd in Jiangsu province.

Even though many machinery manufacturers are under pressure to increase profit, China's machinery exports only grew by 3 percent on a year-on-year basis between January and September.

China's investments in railway projects in African countries including Nigeria, Ethiopia and Djibouti have also boosted exports of the country's power generating equipment, construction machinery, telecommunications, railway vehicles and signal systems.

"Logically speaking, exporters should profit more from a better price when the yuan depreciates," said Ji Sunmin, deputy sales director of Suzhou Jinding Machinery Manufacturing Co Ltd.

Another problem was that international buyers were pushing down prices as the yuan depreciated. However, they seldom raised their prices even when the exchange rate recovered, said He Hui, sales manager at Fujian-based United Power Equipment Co Ltd.

In the long run, the yuan depreciation could have some impact on foreign trade growth, as the processing trade remained a larger proportion in China's trade structure, said Huang Songping, spokesman of the General Administration of Customs.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美成人福利 | 久久精品视频7 | 最近手机中文字幕1 | 三级三级三级网站网址 | 九九视频在线观看视频 | 亚洲欧美精选 | 亚洲精品欧洲久久婷婷99 | 在线国产毛片 | 欧美日韩一区二区三区视视频 | 日韩精品免费视频 | 欧美日韩国产成人精品 | 另类专区另类专区亚洲 | 欧美成人精品久久精品 | 亚洲国产欧美在线人成 | a级毛片免费在线观看 | 亚洲精品欧美精品国产精品 | 国产va精品网站精品网站精品 | 美女黄网站 | 国产成在线观看免费视频成本人 | 日韩在线亚洲 | 日本在线资源 | 午夜日韩精品 | 国产亚洲91 | 亚洲免费一级片 | 色多多最新地址福利地址 | 性欧美巨大的视频 | a级成人毛片免费视频高清 a级高清观看视频在线看 | 黄色一级毛片 | 国产午夜免费视频 | 免费在线观看黄色毛片 | 久久九九免费视频 | 日本欧美一区二区三区片 | 久久成人免费网站 | 在线观看欧美亚洲日本专区 | 欧美—级v免费大片 | 啪啪一级视频 | 在线一区视频 | 欧美jizzhd精品欧美高清 | 成人黄网大全在线观看 | 黄在线看 | selaoban在线视频免费精品 |