⊙ reporter Wang Wenyan 0 edit Ai Jiajing
4 25th, China foreign exchange trade center data shows the dollar price of 6.5161 in the middle of the Renminbi, after breakthrough 6.52 this important point on Friday to keep 6.51 interval. Since April, rendering to accelerate appreciation of RMB exchange rate situation, appreciation of the Renminbi exchange rate against the dollar close to 0.5%. According to analysis by many institutions predicted that RMB appreciation will be further accelerated, with high foreign currency liabilities properties of air, paper-making industry is expected to continue to benefit from.
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primary South grams speech or revealed fed exit route figure QE2 or painting Shang period European Central Bank new Palm lock will "meaning" in the people RMB on dollars 25th disk in the volatility near 0.5% RMB is period currency yesterday once fell stopped vulnerable dollars has is "spent" Shen Jianguang: exchange rate interest rate need more flexible second quarter investment policy will hot registration in the in addition Renminbi appreciation will promote warming of outbound. Sinolink securities believes that RMB appreciation will bring down the passenger air travel costs incurred, so that the residents have more capacity consumption abroad, which would facilitate China's outbound explosive growth in the future. Substantial growth in overseas tourist flow will also be guest rate directly improve related Airlines, helped their performance.
on Friday, after the middle of the US dollar against the RMB exceeded 6.52 gate, shares in paper industry activity, qingshan daily limit on that day, and yesterday's gains over the 5%. Shanying paper, chenming (000488, unit) is a sharp rise on the day.
the world's largest importer of pulp, paper-making industry at present is China's third-largest meeting industry. Because the pulp raw materials accounted for most of the cost of paper industry, the Renminbi will reduce the import cost of raw materials for pulp, enterprise's profit margin will improve significantly. The other hand, most of the large paper machine in paper-making listed companies in China relies on imports, RMB appreciation will also be added to the paper mill significant exchange rate gains. According to estimates, if the appreciation of RMB 1%, 3.25% paper industry net profit increase, if appreciation 3%, net profit growth of industry 9.57%.
there are market bodies analysis that in 2011 as a revaluation of the Renminbi rate far exceeds the range of 2010, will reach a rate of 7% per cent. Aviation, papermaking industry will step into a longer rise of channel.
