of RMB exchange rate appreciation
RMB appreciation has some impact on the export of the optical industry, mainly in:
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(1)Prices rise relative, low-cost lost benefits of the rise in the RMB exchange rate, to buy the same goods need to pay more foreign currency, which makes the advantage of Chinese exports that original known for low prices in the international market loss.
(2) The ability of enterprises to attract foreign investment lower With the appreciation of the RMB, foreign investment in China and build factories, purchase of equipment, labor costs in China will rise, which will weaken the enthusiasm of investors, so that narrow the funds source of export enterprises, restricted enterprises to improve production capacity, production technology, updating equipment and speed of expanding production scale.
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But things are always dialectical, appreciation of the renminbi to cause some impact on the export of the optical industry, at the same time, we should also see the driven and forced to optical manufacturing. Mainly in:
(1) Benefit for upgrading the industrial structure, realize survival of the fittest of industry. Appreciation of the renminbi led to many small glasses enterprises which rely on simple processing out of the market, which is benefit the whole industry realize resource optimize. To face with the appreciation of renminbi, use the concept of "prenatal and postnatal care "guide optical industry restructuring.
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(2) Conducive to the upgrading of product structure, implement direct investment of brand and overseas. The grim situation forcing local businesses to greatly reduce production costs, and active use of new technologies, develop new products. To resolve the international competition caused by the domestic currency appreciation, the enterprises should adjust their business strategy, and vigorously promote foreign direct investment, in order to maintain the share of their exports in the international market. RMB appreciation makes foreign investment in foreign currency reduce the cost, make glasses enterprises to invest overseas has more possibility.