国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Growing roots along the Silk Road

By An Baijie (China Daily) Updated: 2015-03-17 10:21
In the Government Work Report delivered on March 5, Premier Li Keqiang encouraged Chinese companies to go global and invest overseas, promising that the government will protect the rights and interests of Chinese enterprises overseas.

"We will broaden the channels for using foreign exchange reserves, provide better financial, information and legal services, and offer consular protection to Chinese firms investing abroad, to guard against risk," Li told lawmakers.

Zheng said that setting up factories abroad has not only cut labor costs, but also helped expand the client base in the countries along the "One Belt, One Road" routes.

"By establishing factories overseas, we can surmount the difficulties caused by the appreciation of the renminbi against the euro and many other currencies," he added.

There was a 2.5 percent depreciation in the spot exchange rate of the yuan against the dollar in 2014, the first decline since 2005 when China began reforms of the yuan's exchange rate mechanism.

Other major currencies, such as the yen, the rouble and the euro, have also weakened, exerting more pressure on the renminbi.

Tang Yuxiang, board chairman of Zhengzhou Yutong Group Co Ltd, a large industrial group that specializes in bus manufacturing, said that the appreciation of the renminbi against the euro has compromised the competitiveness of his company's products in overseas markets.

"In European countries, the vehicles made by Yutong are even more expensive than those from Mercedes-Benz AG, and many retailers have frequently complained about the high prices of our products," Tang said on March 10 during discussions with other lawmakers during the annual session of the country's top legislature - the National People's Congress.

Listed on the Shanghai Stock Exchange in 1997, Yutong has exported buses to markets in Asia, Europe, Latin Americ and the Middle East. In 2012, the company entered the United States market.

"Because of the appreciation of the renminbi, much of our market share in Southeast Asia has been grabbed by Japanese vehicle makers," he said, adding that the yen has "gone too far" by depreciating more than 40 percent in the past two years.

Tang called on financial regulators to keep a close eye on currency rates to ensure that Chinese exporters will not suffer much economic loss.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
长岭县| 静安区| 武陟县| 奉贤区| 台中市| 濮阳市| 东乌| 信宜市| 额济纳旗| 九寨沟县| 松江区| 张家界市| 海淀区| 万盛区| 鄂托克旗| 城口县| 昌图县| 徐闻县| 临夏县| 扬州市| 龙门县| 宁陕县| 大同县| 连城县| 陆丰市| 镇康县| 尖扎县| 阳高县| 七台河市| 湖南省| 通渭县| 武邑县| 黑河市| 惠安县| 镇平县| 祁阳县| 施甸县| 遵义县| 九寨沟县| 纳雍县| 大英县|