The RMB devaluation's influence on SEKO Machinery

January 7,2016, the People’s Bank of China set the reference rate for the RMB weaker by 0.5 per cent. It’s the eighth session in a row that the so-called mid-rate has been allowed to weaken. As is known to all, the Chinese government, which closely controls the RMB, has been allowing the value of the currency to decline steadily as a way to bolster the economy. A weaker RMB helps exporters, a key engine of growth.

But it is a difficult process to manage. A falling currency is pushing companies and individuals to send money out of the country at a rapid rate, putting additional pressure on the RMB and unsettling investors. In theory, the matter have a lot of benefits , one of them is, It makes China’s exports more competitive in foreign markets.

SEKO Machinery Co.Ltd. is an export-oriented enterprises, products( HF welded pipe mill, INOX pipe making machine, Online polishing machine, Welded pipe mould……)are exported to the Russia, India, Serbia, Kazakhstan, Vietnam, Dubai and so on. It is very beneficial to the export of our company. Wish the company's export performance better in the new year!

Shunde Seko Machinery & Technology Co.,Ltd.
www.gdseko.com

Email:sevvice@gdseko.com
Skype:Lucy Xie,SEKO Machinery

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