Edit What is the impact of US dollar exchange rising ra

What is the impact of US dollar exchange rising rate on Chinese shot blasting machine exporters ?

Is the rise of the US dollar good news or bad news for our shot blasting machine manufacturers and exporters?

What is the impact of US dollar exchange rising rate on Chinese shot blasting machine exporters ?

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May 11 made in China Morning Post Wednesday, April 11 of the lunar calendar

Real time exchange rate “BOC foreign exchange purchase price”: 1 US dollar = 6.7216 RMB / / 1 euro = 7.0747 RMB

Is this good news or bad news for our shot blasting machine manufacturers?

What impact does the change of US dollar foreign exchange rate have on the import and export trade of shot blasting machine?

Of course, the impact of the rise of the US dollar foreign exchange rate on China’s economy has both advantages and disadvantages, but generally speaking, it has more disadvantages than advantages. 

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First, it is unfavorable to China’s foreign trade export Developing foreign trade and expanding exports are the key The United States is desperately putting pressure on the appreciation of the RMB on the pretext that the United States has a huge trade deficit with China.

We can know from the common sense of economics that if the local currency appreciates, the currencies of other countries will depreciate, that is, for export trade activities, the importing country must give more domestic currency in exchange for the same goods, so the importing country may exchange goods in other countries, which will damage its exports.

On the contrary, if the local currency depreciates, the currencies of other countries will appreciate, that is, more local currencies are needed to import the same goods, which will hurt the exports of other countries.

Why will the US dollar rise against the sky this time? Carefully pondering the underlying logic of the appreciation of the US dollar, we are increasingly aware that the “Eurodollar” market is the key to the problem.

The strong appreciation of the US dollar does not mean that the US dollar is strong. On the contrary, it shows the extreme vulnerability of the global US dollar circulation system!

The above views are described by my teacher. As an ordinary export salesman of shot blasting machine, the most intuitive feeling in the near future is the reduction of overseas import purchase orders; And the price rise of upstream suppliers.


Post time: May-20-2022

Yancheng Ding Tai Machinery Co., Ltd.
No.101, Xincun East Road, Dafeng District, Yancheng City, Jiangsu Province
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