According to a recent survey, nearly 2/3 of companies polled think that although the appreciation of the RMB had an impact on their exports in recent years, these are still under control. Covering 103 export companies in over ten industries, the survey was carried out this July by China Business News to examine the influences that the changing RMB foreign exchange rate would have on the Chinese export trade.
Over 1/3 of respondents still see foreign exchange as the biggest factor influencing export while nearly 1/3 of them view it as being the alteration of export tax rebates.
Although China has adopted various policies and measures to curb export growth, Chinese exports remain high, climbing 27.6 percent year-on-year by the end of June. This trend shows that Chinese companies still have their competitive advantages and are confident about dealing with RMB appreciation.
For more detials, please read the full story in Chinese. (http://www.china-cbn.com/s/n/000002/20070727/000000074216.shtml)
(China.org.cn July 27 2007)
