Fluctuations In The Global Economy Must Export Of Home Appliances Business Transformation

The global economy of the U.S. subprime mortgage crisis, 'Vietnam', oil prices, global inflation and so on, I think that the current global economy is in a period of cyclical fluctuations. "

Glanz

Vice President

Yuyao Chang

In an interview, said firmly.

Large enterprises export: to accelerate transformation

Recently, the global economy of the U.S. subprime mortgage crisis, 'Vietnam', oil prices, global inflation and so on, I think that the current global economy is in a period of cyclical fluctuations. "Glanz Yuyao Chang, vice president of a firm in an interview said," For us this great enterprises, export ratio, the future where the way out, is a question worth pondering, in the current environment of global economic fluctuations Next, Galanz is accelerating change. "

In an interview that China's well-known

Home Appliances

Companies have expressed similar to point journalists?? The face of current global economic situation, enterprises must find a new path.

Crisis: in front of

"2008 1 ~ 6 months, the yuan has appreciated against the U.S. dollar exchange rate of 13% to 15%, is already the year 2007, the appreciation rate of 6% to 7% of the double it!" To export

Washing Machine

Kate British-based Meiling Appliance (Hefei) Co., Ltd. General Manager Fuhong Wu says.

The yuan against the dollar's rapid appreciation against the enterprises of household electrical appliances, from businesses to increase the financial costs can be seen. Qingdao Haier (600690.SH) 2008 first quarter report shows the first quarter of this year brought about by the appreciation of the RMB exchange losses, the company's financial expenses of 3.88296 million yuan over the same period of 2007 to first quarter growth 54,242,830 yuan, an increase of up to 1296.9%. Gree Electric Appliance (000651.SZ) also report the first quarter of this year, said: "This report on the financial cost of substantial growth over the same period, mainly the appreciation of RMB against the U.S. dollar exchange rate, export sales increase in exchange losses arising. "

The same time, Qingdao Haier, the annual report of 2007 that the U.S. dollar as the world economies, the economic view of the weak, and optimistic about the Chinese economy, the 2008 exchange rate of RMB against the U.S. dollar will continue to increase appreciation of the RMB to bring up the price of export products directly led to reduced competitiveness of Chinese exports on the formation of certain export business Haier operating pressure.

It is understood that the financial costs caused by increased exports, raw material prices, labor costs and other factors, household electrical appliance enterprises generally start product price increases. New Section

Air conditioning

Xu Qiang, director of brand meaning that since the rapid appreciation against the dollar after the loss to make up for the new unit price of export products subjects have a certain margin improved.

Fu Hongwu description: "The face of this situation, coupled with increased raw material costs, the Middle East and Africa clients in U.S. dollars, we can only price adjustment at the beginning they have conflict, but now are used to . "

Fluctuations In The Global Economy Must Export Of Home Appliances Business Transformation

By: weihua

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