RMB devaluation bring more opportunity for China Auto

continued to decline. In about 20 trading days, the spot market price largest fall close to 3%. In March 17th, the biggest drop spot against the dollar exchange rate fell 200 basis points to close at 6.1782, the final spot exchange rate.

 

Generally speaking, the result of effects of the devaluation of the RMB is: a rise in exports and imports fell down. For the autor industry, trend of depreciation of RMB is expected to rebound as the auto exports to create favorable opportunity.

 

Sunem is a one share holding enterprises established in Liaocheng city, Shandong province; we are one professional factory for producing dump truck, tractor, concrete mixer truck, all kinds of semi-trailer (container semi trailer, low bed semi trailer, dump semi trailer, cement semi trailer and so on), mini excavator and spare parts.

 

If you have any requirement, please contact us: http://www.sunem.com.cn.