1, the production cost increases. Due to the depreciation of the US dollar, exchange rate changes, rising raw material prices, rising labor costs, rising land prices and other reasons, the production costs and operating costs of small and medium-sized enterprises in China have risen sharply. China's small and medium-sized export enterprises mainly rely on price as a means of competition, so the export price elasticity is low and there is little room for price reduction. 2. The export profit has decreased. The appreciation of RMB means that the export price of products is relatively higher, which leads to the decline in the price competitiveness of China products in foreign markets, the decline in the market share of export commodities and the loss of profits of export enterprises. In addition, the export income suffered by export enterprises is converted into exchange loss of RMB, which further reduces the profits obtained by export enterprises. Because China's export-oriented small and medium-sized enterprises mainly focus on primary products and labor-intensive processing products, and there are relatively few high-tech and high value-added products, they mainly rely on cheap labor, give play to the comparative advantages of traditional industries, and participate in international market competition through price advantages, and the export profit rate is very low. The appreciation of RMB will directly weaken the international competitiveness of export commodities, seriously affect the export of small and medium-sized enterprises with low prices and low technology content, lead to the decline of enterprise profit rate and economic benefits, and many enterprises are facing the situation of being eliminated.
3. Increased operational risks. The appreciation of RMB exchange rate and the increasing uncertainty of exchange rate changes have brought greater transaction risk, accounting risk and economic risk to export-oriented SMEs. This directly affects investment and slows down the economy.
4. Increased competitive pressure. For a long time, China's small and medium-sized enterprises mainly focus on labor-intensive products and low value-added export products, and the intensity of management innovation and scientific and technological innovation is relatively low. The appreciation of RMB has greatly increased the cost of enterprises. These small and medium-sized enterprises that rely on low-price competition to win the competitive advantage in the international market are struggling, and some small and medium-sized enterprises are facing the dilemma of bankruptcy.