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

News >Bizchina

Chinese goods to cost more

2010-11-12 16:21

Chinese goods to cost more 

A US visitor checks bags at an exhibition for Chinese goods in Las Vegas. US buyers may have to pay more due to rising yuan and higher material prices. [Photo / Xinhua] 


BEIJING - Consumers in the United States may have to pay more for Chinese products as exporters increased prices amid a rising yuan and higher material prices, partly triggered by US polices.

The Yiwu Index, a gauge of China's biggest small goods market in Yiwu, in East China's Zhejiang province, showed that export prices have increased 3.6 percent year-on-year in October.

Among them, prices of rain gear, small household electrical appliances and construction materials rose 5.46 percent, 4.19 percent and 2.91 percent.

The rising prices were reflected at the Canton Fair, regarded as a barometer of China's exports, which ended on Nov 4 in Guangzhou, in South China's Guangdong province.

Liu Jianjun, spokesman for the fair, said sharp price rises for industrial materials and the appreciation of the yuan had caused Chinese enterprises to spend more time negotiating prices with foreign buyers.

"We haven't come up with a figure on how much exports prices have risen," he told China Daily.

"But there is definitely a rise, and for some categories, it could be double digits."

Export deals signed at the fair totaled $21.15 billion, up 12 percent over the previous session in April.

Hu Min, director of the garment department with China Chamber of Commerce for Import and Export of Textiles in Beijing, said prices of textile exports went up rapidly.

Hu, who just returned from the fair, said many textile enterprises had increased prices between 5 and 10 percent, driven by rising cotton prices, which have risen more than 40 percent per ton in recent months.

The China Cotton Index soared to 28,891 yuan ($4,360) per ton on Nov 8, compared with 14,177 yuan per ton a year ago.

Zhao Zhongxiu, a professor from the University of International Business and Economics in Beijing, said export prices go in tandem with the consumer price index.

The yuan jumped nearly 3 percent on Thursday to hit 6.6252 against the US dollar.

The Chinese producer price index, a gauge of industrial product prices, rose 5 percent in October.

In October, prices of raw industrial materials rose 8.1 percent year-on-year, forcing manufacturers to raise prices at home and abroad.

"US consumers are among the foreigners to feel the pinch, because the US is the largest importer of China," Zhou said.

The US imported $231 billion worth of Chinese goods from January to October, accounting for nearly one-fifth of the total goods shipped from China.

To some extent, Zhao said, the US attempt to push for the yuan to rise and its recent quantitative easing policy has boomeranged.

On Nov 3, the US Federal Reserve announced its $600 billion quantitative easing decision to buy Treasury bonds, sparking excessive liquidity concerns, especially to the emerging economies.

The US policies are likely to cause inflation in China, fueling an increase in the prices of Chinese goods.

But US consumers will most likely accept more costly Chinese goods because China's status as the world's largest exporter and a major supplier "is unshakeable", Zhao said.

He said China has mature industrial infrastructures, advanced technologies, logistics services, sources of raw materials and skilled labor, and Southeast Asian countries don't have, for the time being, these advantages to replace China.

"US buyers will have to swallow the bitter pill and tolerate the price rises, which are partly caused by their own economic policies," Zhao said.

But a US expert said US appetite for Chinese goods will somehow be dampened.

Ethan Ligon, associate professor at University of California, Berkeley, said the quantitative easing pursued by the Federal Reserve can be expected to make the dollar weaker vis-a-vis other currencies, including the yuan.

"This will also tend to reduce US demand for Chinese exports, but the only effect we should expect from the Fed's accommodative monetary policy on China's CPI will come via the indirect effects of weakened US demand," he said.

 

 

Related News:

主站蜘蛛池模板: 噜噜噜视频 | 在线欧美日韩 | 国产一区二区三区视频在线观看 | 亚洲国产黄色片 | 五月开心激情 | 极品盗摄国产盗摄合集 | 五月婷婷久久综合 | 日本在线观看网站 | 性色av一区二区三区 | 欧美日本在线视频 | 成人在线免费观看视频 | 男女无遮挡xx00动态图120秒 | 日日日干干干 | 国产精品欧美久久久久天天影视 | 久久久久网站 | 免费黄色a| 国产精品久久777777 | 欧美色综合 | 欧美二区在线观看 | 在线亚洲色图 | 免费毛片a | 天堂资源中文在线 | 亚洲日本高清 | 诱惑の诱惑筱田优在线播放 | 亚洲精品欧美在线 | 日韩欧美中文字幕一区二区三区 | 国产午夜伦理 | 黄色小视频在线观看 | 69色综合| 深夜福利一区二区三区 | 好吊日av | 中文在线视频 | 国产高清免费av | 一区二区三区日韩视频 | 99自拍| 日韩高清一区 | 国产黄色免费在线观看 | 在线观看毛片网站 | 成人网战 | 四虎成人在线观看 | 欧美一区二区三区四区五区 |