China's mechanical and electrical industry development prospects
Although the export of mechanical and electrical products is growing well, according to the survey of China's mechanical and electrical import and export chambers of commerce, the company's research shows that corporate costs are rising, pressure is increasing, and profits are falling. Most companies believe that the main factors that have led to cost increases since last year are the rising prices of raw materials, the rapid appreciation of the renminbi and the rise in labor prices, and the growth rate has exceeded corporate expectations. In particular, the rate of appreciation of the renminbi has been much higher than the company's expectations this year; At the same time, factors such as export tax rebates and rising interest rates are also important factors affecting the cost of enterprises. Taking into account the above factors, the average cost of enterprises has risen by about 10~20%.
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