China's imports account for a relatively small proportion of China's export trade.

China

structure

1 The changes of primary products and finished products are relatively stable, with primary products accounting for 20% and imports of finished products accounting for about 80%. By the end of 2004, the pressure of RMB appreciation reached its peak, and the China government could not eliminate the expectation and pressure of RMB appreciation. At the end of 2004, American textiles, color TV sets, malleable cast iron pipes and semiconductors provoked trade disputes. China's interest rate hike is ungrateful. At the end of 2004, foreign exchange reserves reached US$ 60.99 billion, an increase of US$ 20.67 billion compared with 565.438+0.3% in 2003. In 2005, foreign exchange reserves increased by $65 billion. In the early 1970s, Japan's exports did not decrease, but developed rapidly. By February 2007, the RMB had exceeded 7.78 yuan against the US dollar. Under normal circumstances, exchange rate fluctuations will hinder the development of a country's foreign trade, but in fact, China's export trade has not been negatively affected, but the export price is rising, but the export volume and export growth rate have not decreased. In the short term, the appreciation of RMB has no significant impact on China's export scale and growth rate. In the long run, it may be a favorable change in our foreign trade growth, which will improve China's terms of trade, improve the system's integration with international rules and improve export development opportunities. Short-term impact on OAN

(1) Export OAE in recent export trade.

2. 1 RMB appreciation OAE

2 RMB appreciation, the annual appreciation of RMB is about 3%, which should have no obvious impact on the growth of China's import and export goods. First of all, in the near future, the strong growth of demand and external demand will have a greater impact than exchange rate changes; Secondly, processing trade accounts for half of China's import and export, and is basically unaffected by exchange rate changes; Third, enterprises and markets have certain psychological expectations and digestion of the cost of RMB appreciation, and technological progress and labor productivity can be offset by appreciation to some extent. According to customs statistics, during the period of1April, the RMB appreciated, and there was no big fluctuation in China's import and export. Compared with the same period of last year, the export volume was relatively stable, and imports increased slightly. This is determined by domestic investment demand to a greater extent, which is caused by the rising price of resource products. Therefore, this small appreciation of the renminbi has limited impact on imports and exports. OAN

(2) The advantages of traditional export-oriented industries are being directly impacted, including textiles and clothing, household appliances, machinery and other products. Because the rising cost of RMB appreciation will reduce these profit margins, we don't think that only 2% will be affected by the appropriate transfer price. The reduction and appreciation of costs will make these industries, especially those with enterprises, relatively strong in their ability to resist risks. At the same time, industry and exports do not exist in the short term, so consider other interests in the long run. Long-term impact on OAN

OAE export trade

2.2 RMB appreciation, RMB appreciation will affect the export trade to China from one angle or another. OAN

(1) RMB appreciation promotes the development of processing trade and improves the efficiency of export products.

China's foreign trade is mainly processing trade. For a long time, low-tech products have occupied China's export trade, resulting in China enterprises not having enough motivation to vigorously promote product upgrading and the impact of RMB appreciation. They only export to domestic enterprises in the traditional way, winning by quality, style, function and service, and gaining advantages by high technology. It is necessary to adjust the country's trade structure, promote the adjustment of China's industrial structure, and make China's exports internationally competitive. Rmb appreciation and export growth of China and OAN.

(2)。 Facing the appreciation of RMB, the low-cost advantage of China's textile export trade has been weakened, which requires China enterprises to seek new breakthrough products in textile export and export growth. With the appreciation of RMB 2%, China's textile exports decreased by US$ 2 billion, with an added value of RMB 9 billion, and the growth rate decreased by nearly two percentage points. The export of industrial machinery decreased by10.40 billion yuan, with a year-on-year increase of 1. 1.0 percentage points. The export of electronic industry decreased by1.80 billion yuan, the growth value decreased by 8.5 billion yuan, and the growth rate slowed down by 1.5 percentage points. The export of chemical industry decreased by 800 million US dollars, the growth value decreased by 8.5 billion RMB, and the growth rate decreased by 1.4 percentage points, so the change of marketing strategy is imminent. The export growth has gradually shifted from the previous quantity, and the low-cost model has opened up this matter through the channel of brand added value, so it can make the products have a higher rate of return in the export process. Therefore, an appropriate appreciation of RMB is conducive to promoting export enterprises to improve their technical level, product quality and China's position in the international division of labor. OAN

(3) RMB appreciation is conducive to reducing import costs, reducing foreign investment costs and expanding exports. Maintaining the trend of RMB appreciation will reduce the cost of imported goods, thus reducing the production cost of processing trade and the price of natural export goods produced by processing trade denominated in foreign currency.

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