Since the rapid appreciation of the RMB against the US dollar in 2020, changes in the exchange rate have a greater impact on the profits of foreign trade and export enterprises. As one of the world's largest trading countries, China has experienced a rapid appreciation of the RMB. At the same time, the repeated global epidemics, rising raw material prices and shortage of foreign labor force have put foreign trade export enterprises under greater pressure.
At present, the global supply of commodities is seriously insufficient. Among the major economies, only China has a strong export capacity due to the better control of the epidemic. Under the background that the epidemic has not been well controlled and the export capacity of other countries in the world will continue for a period of time, the substantial growth of my country's exports may continue for a period of time, which may offset the inhibitory effect of appreciation on exports to a certain extent. In the short term, the scale of trade is still growing, and there is good room for business expansion for trading companies.
