Declining Dollar will Make Your Life Hard, SME?

Quoting from [amartha]:


The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day.



Exporters and manufacturers, especially the smaller ones, are groaning under pressure created by the rising yuan, with many of them being forced to shut shop.



What's you condition now? SME?

Quoting from [amartha]:


The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day.



Exporters and manufacturers, especially the smaller ones, are groaning under pressure created by the rising yuan, with many of them being forced to shut shop.



What's you condition now? SME?

We get very piss off,and many of my country fellows are already totally screwed.

I am Chinese.

Synge

Quoting from [amartha]:


The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day.



Exporters and manufacturers, especially the smaller ones, are groaning under pressure created by the rising yuan, with many of them being forced to shut shop.



What's you condition now? SME?

Quoting from [amartha]:



The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day.




Exporters and manufacturers, especially the smaller ones, are groaning under pressure created by the rising yuan, with many of them being forced to shut shop.




What's you condition now? SME?

why this year is so difficult for our chinese.hope every thing is going easy. maybe this is a turning point for us.After year,our country will be stronger day by day.

Quoting from [Freddie]:

I saw lots of companies convert RMB to USD by rate of 6.7RMN to 6.75RMB and offer to customers in order to control. it's not quite a good idea because in this way in some types of business, their prices will be not competitive. But It also worked for somebody.

You are right. The US Dollar will continue to drop, if you buy them, you will lose much money, keep your RMB, which is much stable, with high reserves and strong fundamentals. The Americans are spending more money than they are earning, and they have loans that goes up and up each month, and doing nothing about it. The Credit Crunch, Foreclosures and Sub-Prime Mortgage problem is just swept under the carpet, it is not solved, by cutting interest rates and taxes. This will make the poor more poor and the rich, richer with high inflation and job losses. Financial institutions and banks going bust.




I had suggested to form an Asian Currency, like the Euro, taking away our dependence on the Benjamins (greenbacks). Maybe the Chinese companies should quote the prices on the EURO or the Japanese Yen.




I am going to upload another UTUBE video about the US Currency and the US Central Bank's policy and its viability in the next 10 to 20 years. The overstretched Dollar below.





Click the Benjamin ($100 Dollar Note) to go to Business Culture Forum on the subject: Where is the end of the rainbow? - meaning the POT of GOLD.




Street

Quoting from [Street Smart]:

Quoting from [Freddie]:

I saw lots of companies convert RMB to USD by rate of 6.7RMN to 6.75RMB and offer to customers in order to control. it's not quite a good idea because in this way in some types of business, their prices will be not competitive. But It also worked for somebody.

You are right. The US Dollar will continue to drop, if you buy them, you will lose much money, keep your RMB, which is much stable, with high reserves and strong fundamentals. The Americans are spending more money than they are earning, and they have loans that goes up and up each month, and doing nothing about it. The Credit Crunch, Foreclosures and Sub-Prime Mortgage problem is just swept under the carpet, it is not solved, by cutting interest rates and taxes. This will make the poor more poor and the rich, richer with high inflation and job losses. Financial institutions and banks going bust.



I had suggested to form an Asian Currency, like the Euro, taking away our dependence on the Benjamins (greenbacks). Maybe the Chinese companies should quote the prices on the EURO or the Japanese Yen.



I am going to upload another UTUBE video about the US Currency and the US Central Bank's policy and its viability in the next 10 to 20 years. The overstretched Dollar below.





Click the Benjamin ($100 Dollar Note) to go to United States Forum on the subject: Where is the end of the rainbow? - meaning the POT of GOLD.



Street

Quoting from [redlands]:


As a buyer here in Australia I find it difficult to understand the need to quote a price in anything other than RMB. I personaly do not purchase in EURO and see no reason why I should be quoted in a currency from a third country. If needed I can convert RMB to AUD . But to convert EURO to AUD is a hassle as it costs more for me to buy EURO then send via T/T than it does to just send RMB.

Dear Sir,


We have been buying from Chinese suppliers quality hand-held instruments and our supplier has complained about the drop in the US Dollar versus the Yuan.


We suggest they quote in RMB, but there is restrictions by the Chinese Government not to deal with export in RMB. There is no explanation for this Rule, however we also suggested the EURO, and one supplier did quoted in the EURO, but was priced way up compared with other suppliers of the same product from India. So, there is also a threat of loosing the deals to the competitors who continue to quote in US Dollar Currency if you were to switch over to the EURO.


All financial institutions, banks and governments know that the US Dollars have been declining and will be going downhill in the near future, as the signs of recessions and economic lack lustre fills the American bourses.


Watch it over in YOU-TUBE by clicking icon. 


Thank you for reading my post.

Quoting from [amartha]:



The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day.




Exporters and manufacturers, especially the smaller ones, are groaning under pressure created by the rising yuan, with many of them being forced to shut shop.




What's you condition now? SME?

I'am a  new .....

new  style  brand  shoes  pls   in http://www.*********com/ 

Edited by Mod.