Canton Fair Talks About Foreign Trade: Warmed Up In Developed Countries And Cold In Emerging Markets

< p > "obvious cold and uneven heat, the developed countries are gradually warming up, and emerging market economies are generally weak."

Referring to the export situation in the first quarter of this year, Lu Bin, general manager of Jiangsu Su Mei Da Wheel Co., Ltd., told the China News Agency reporter at the Canton Fair.

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Since the beginning of this year, with the improvement of the economy of the developed countries in Europe and the United States, the worries of the various sectors in the emerging market have also been gradually enhanced. P

The International Monetary Fund (IMF) recently issued a report expressing the importance of increasing the risk of emerging markets, and cautioned against the economic prospects of "BRICs" such as Russia, such as the recent geopolitical risks that exacerbated the downside risks of emerging economies such as Russia, and predicted that Russia's economic growth this year will be 1.3%, down 0.6% from the previous forecast.

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< p > the depression of the emerging market economy, such as Russia, has also attracted the attention of many enterprises at the Canton Fair.

Wang Liang, manager of the two foreign trade department of Zhuhai double happiness electric appliances, told the news agency of China news agency that the overall export situation in the first quarter was not ideal, which declined compared with the same period last year, mainly due to the sharp decline in demand for electric pressure cookers facing Russian exports.

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< p > for this, Peng Cheng, vice general manager of Guangdong Light Industrial Import and export Limited by Share Ltd, agrees.

Peng pointed out that the turmoil in Eastern Europe caused the a target= "_blank" href= "//www.sjfzxm.com/" > shoes "/a" category and service performance to decline significantly. If it did not establish a good cooperative relationship with merchants from Europe and America, the export situation of the company in the first quarter would be "not hurt".

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Less than P, for Lu Bin, the troubles brought by emerging markets are more focused on the volatility of exchange rates.

Lu Bin said that by the US's withdrawal from the QE (quantitative easing policy), the currency of emerging economies has been greatly depreciated this year, such as Argentina, Brazil and so on, which has triggered the domestic economic crisis, resulting in the lack of foreign exchange purchases and the shrinking demand.

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< p > for the international financial market, the first black swan in 2014 came from Argentina peso.

In January, peso suffered a setback against the US dollar. The accumulated depreciation rate in that month was nearly 19%, the highest record in 12 years, and triggered the domestic economic crisis. At the same time, the currency of Brazil, Turkey, India and other emerging countries were also affected by the impact of Domino's bone card, which caused the global financial market to shake.

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< p > "it is reasonable to say that the economic environment of Brazil in the upcoming World Cup should be good. However, from the perspective of customer feedback, not only the demand has obviously shrunk, but also there has been a shortage of foreign exchange, and many customers have not been able to complete the payment, which requires us to delay delivery."

Lu Bin said.

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< p > it is noteworthy that the above international economic environment has affected the overseas strategy of GREE, the giant air conditioner in China.

Chen Shaolin, director of overseas sales and marketing, said that on the one hand, the company must strive to develop the market, but taking into account the current exchange rate fluctuations in emerging economies and financial policy instability, and other factors, the company also try to avoid risks.

"If the money is not changed due to changes in the political situation, the growth of sales figures will be useless."

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< p > with regard to the export situation of its own company, Chen Shaolin stressed that although the external environment is not optimistic, taking into account the depreciation of the RMB exchange rate, the fall in the prices of bulk materials, the rising temperature of the season, and the recognition of GREE's consumers and partners in products, technology and quality over the years, we believe that the export situation in the two quarter will be significantly improved.

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< p > it is worth noting that Lu Bin's judgment is relatively pessimistic.

Lu Bin believes that China's foreign trade enterprises in the future must actively adapt to changes in the pattern of external demand, research and develop new products and expand market share; but taking into account the changes in export competitiveness arising from rising domestic factor costs, if there is no substantial technological progress, the share of future "made in China" in developed markets such as the US, Europe and Japan will continue to rise considerably.

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