RMB soaring! Textile man: the unpaid payment is still bleeding! Experts remind: don't bet on RMB ris

5. Considering that the epidemic situation in Europe and the United States is tense and the risk of payment for goods and exchange rate is too great in the later period, we have decided to implement 30% deposit for reproduction and 70% payment for goods delivery for all customers, which can perfectly avoid the risk of exchange rate and payment default. If the customer doesn't accept it, we'd rather not take the order than lose the principal& rdquo; A textile trader said< br />
Some foreign trade customers are breaking the good impression they left in the past, and domestic fabric suppliers naturally have to change the previous trade methods, especially the payment methods< br />
Of course, not only foreign trade, but also customers are changing quietly< br />
A few days ago, some textile enterprises have made it clear that they will take delivery of goods with payment in full, which will break the previous & quot; Sale on credit; Mode is of great significance. At present, in the weaving Market, loan delivery and credit sale still coexist, but the price of the two payment methods given by the weaving factory is often lower than that of credit sale. Even if the cash is a new customer and the credit sale is an old customer, after all, the safety of payment for goods is higher than everything< br />
Reminder: don't bet on RMB appreciation or devaluation, long bet will lose< br />
A few days ago, the seventh working conference of the national foreign exchange market self-discipline mechanism proposed that a managed floating exchange rate system based on market supply and demand and adjusted with reference to a basket of currencies is suitable for China's national conditions and should be adhered to for a long time.
Under this exchange rate system, the exchange rate can not be used as a tool, neither can it be used to devalue to stimulate exports, nor can it be used to appreciate to offset the impact of rising commodity prices. The key is to manage expectations and resolutely crack down on all kinds of malicious market manipulation and unilateral expectations< br />
The meeting held that the current foreign exchange market is generally balanced. In the future, there will be many market and policy factors affecting the exchange rate. RMB may appreciate or depreciate< br />
No one can predict the exchange rate accurately. Whether it is short-term or medium and long-term, exchange rate uncertainty is inevitable, and two-way fluctuation is normal< br />
The meeting stressed that enterprises and financial institutions should actively adapt to the two-way fluctuation of exchange rate. Enterprises should focus on the main business and set up & lt; Risk neutral; Concept, avoid deviation from risk neutral & lt; Foreign exchange speculation; Behavior, do not bet on the appreciation or depreciation of the RMB exchange rate, long bet will lose< br />
The impact of the continuous appreciation of RMB < br / >
Market participants believe that under the current cycle of commodity price rise, the appreciation of RMB is conducive to hedging the pressure of commodity price rise. At present, the growth of China's import amount is mainly driven by the rise of overseas commodity prices. Under the continuous appreciation of RMB, the cost pressure faced by import enterprises will be weakened< br />
In terms of exports, in the short term, the continuous appreciation of RMB will lead to the weakening of domestic commodity export advantage. But at present, globally, the domestic epidemic situation is best controlled, the epidemic situation in Europe and the United States and other economies is repeated, and the recovery of global supply capacity is frustrated, which will continue to drive China's exports or offset the impact of currency appreciation< br />
Of course, there are also views that the continuous appreciation of RMB is equivalent to increasing the import cost of overseas markets from China, which will affect domestic exports, and then increase the supply of domestic commodities, which is conducive to the supply and price stability of domestic bulk commodities.