China Tells

China’s manufacturers, especially the low value added ones, are struggling on the brink of survival and bankruptcy. According to a latest study, the low value added industry lives on an average gross profit margin of less than 4%. If RMB is appreciated by more than 4%, that will wipe out all the profit margin of the low value added exporters, which could potentially result in a spike in unemployment rates.

中国制造商的毛利率其实非常有限，尤其是低附加值加工厂家，常年在4%以下的毛利率附近徘徊。在这种情况下，如果人民币一下子升值超过4%，那这些厂家的生存就发生很大问题。因此政府在这个问题上应该会相当谨慎，不太会轻易冒让这些出口商倒闭的风险。