日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 成人一级视频 | 成人永久免费视频 | 欧美午夜一区二区 | 热久久免费视频 | 国产福利小视频在线观看 | 老牛影视av一区二区在线观看 | 超碰97在线看 | 精品久久久久久一区二区里番 | 日本免费黄色大片 | 国产一区二区不卡 | 亚洲精品aaa | 国产精品suv一区二区 | 欧美黑人猛猛猛 | 国产高清第一页 | 国产欧美日韩一区二区三区 | 91国产精品一区 | 特级毛片在线播放 | 亚洲三级在线视频 | 国产一区二区三区久久 | 中文综合网 | 一级黄在线观看 | 国产一区视频在线 | 四虎成人在线 | 成人一区三区 | 日韩精品在线观看免费 | 亚洲视频a | 福利一区二区 | 亚洲国产欧美视频 | 好吊色视频在线观看 | 免费激情小视频 | 久久久久久久久网站 | 亚洲一级免费视频 | 伊人久久精品 | 91在线观看免费高清 | 在线观看色网站 | www.亚洲一区二区 | 欧美成人精品欧美一级乱黄 | 99久久精品免费视频 | 久久机热这里只有精品 | 久久精品久久久久久久 | 五月天激情图片 |