International freight forwarding industry to see opportunities in challenges

Appreciation of the renminbi, resulting in recession, China's commodity competitiveness in international markets; the U.S. subprime mortgage crisis has led to atrophy of the U.S. consumer market, imports decline in demand has greatly affected China's exports to the U.S.; soaring international crude oil prices, leading to the surge of international transport costs; from 2007 July 1, 2831 commodity export tax rebate is canceled or reduced, lead to corporate bankruptcies and closures of a large number of domestic production of low value-added products. For the above reasons, resulting in China's domestic exports fell sharply, made in China and China commodity cost advantage is no longer. Appreciation of the renminbi, resulting in recession, China's commodity competitiveness in international markets; the U.S. subprime mortgage crisis has led to atrophy of the U.S. consumer market, imports decline in demand has greatly affected China's exports to the U.S.; soaring international crude oil prices, leading to the surge of international transport costs; from 2007 July 1, 2831 commodity export tax rebate is canceled or reduced, lead to corporate bankruptcies and closures of a large number of domestic production of low value-added products. For the above reasons, resulting in China's domestic exports fell sharply, made in China and China commodity cost advantage is no longer.

      Placed in front of the international freight forwarding industry is one full of ups and downs, rugged path, 2008, in troubled times is bound to be a key year in the international freight forwarding industry in the development process, no doubt, will have to withstand a large number of small and medium-sized international freight forwarding business difficult labor pains.

       All things have two sides, although a number of unfavorable factors for the development of international freight forwarding has caused tremendous difficulties, but we are a dialectical perspective to look at a number of unfavorable factors, we can see opportunities in challenges. RMB appreciation will lead to reduced exports, but at the same time to make increased imports in the long run make the total imports and exports continued to increase, thereby stimulating the sustainable growth of the entire international freight forwarding industry. A national currency appreciation and depreciation of the national import and export have a larger impact of RMB appreciation China's import and export the same far-reaching import increase or decrease and export increase or decrease in the role of the exchange rate between interrelated to a certain extent, there is this relationship between the consumer he rose, and the continued appreciation of the yuan against the U.S. dollar, leading to repression by the dollar-denominated exports are stimulated, but at the same time to make dollar-denominated imports of products. Second, the large extent of the appreciation of the renminbi against the U.S. dollar, the currency of other countries has not changed much, RMB appreciation on exports to reduce the impact of China's total import and export volume is limited, and thus of international freight forwarding industry, the impact is limited. Increase in imports, the reduction in exports is conducive to China's import and export balance and reduce trade friction, favorable for the development of the economy as a whole, beneficial to the increase of the import and export volume, and thus favorable for the development of international freight forwarding industry.