On the morning of August 5, the offshore RMB exchange rate against the us dollar fell below the “7” mark, at one point depreciating to 7.0421. After the opening of the onshore RMB, it immediately fell below the “7” barrier, depreciating to 7.0532. The RMB exchange rate falls below 7, the export enterprise will welcome the good news.
In fact, some experts said earlier that “a modest depreciation of the yuan would allow China to cope with the trade situation, not a bad thing.” Goldman sachs ‘team of analysts also predicted that a 5% depreciation of the yuan would boost China’s economic growth by 0.4 percentage points, which would clearly have an impact on China’s export economy.
On the one hand, the depreciation of RMB can help companies reduce costs and improve the competitiveness of products, so that enterprises can get more orders. On the other hand, it is conducive to enhance the ability of enterprises to expand overseas markets and increase export confidence for enterprises.
As an export enterprise of fire sleeve, Beijing Great Pack will keep up with the development of The Times, seize the good situation, push fire sleeve, high temperature sleeve and other high temperature materials to various fields in the world, and strive for more overseas market share.
