The strengthening of the U.S. dollar exchange rate brings favorable opportunities for China’s exports

Recently, the exchange rate of the US dollar against the RMB has shown a relatively obvious upward trend. This change has brought many positive impacts to China's foreign exports. According to data released by the China Foreign Exchange Trading Center, the central parity rate of the RMB exchange rate in the inter-bank foreign exchange market on December 10, 2024 was 1 US dollar to 7.1896 yuan, a decrease of 26 basis points from the previous trading day.
For Chinese export companies, the rise in the dollar exchange rate means that their competitiveness in the international market has been significantly enhanced. Taking the manufacturing industry as an example, against the background of the appreciation of the U.S. dollar, the price of Chinese goods with the same price is lower when converted into U.S. dollars. This makes Chinese products more advantageous in terms of price and can attract more overseas customers to buy, thus helping to expand Export scale. For example, [name of a specific export company], which mainly produces [name of specific product], the person in charge of the company said that the rise in the U.S. dollar exchange rate has made their products more attractive in the international market. Recently, prices from major overseas markets such as Europe and the United States have Order volume has increased significantly.
In international trade, price factors are often one of the important factors that influence consumers' purchasing decisions. After the appreciation of the U.S. dollar, the price competitiveness of China's exports has increased, which not only helps consolidate cooperative relationships with existing customers, but also opens up new markets and customer groups. Especially for those mid- to low-end consumer goods markets that are highly price-sensitive, the advantages of Chinese export companies will be even more obvious. According to relevant industry data, during the period when the U.S. dollar exchange rate rose, China's exports of labor-intensive products such as textiles, clothing, and toys showed varying degrees of growth. Companies in these industries generally benefited from the favorable factors of the U.S. dollar exchange rate.
In addition, the rise in the US dollar exchange rate has also brought about an increase in profit margins for some export companies. For those export companies that settle in U.S. dollars, the appreciation of the U.S. dollar means that they can exchange for more RMB when settling foreign exchange, thus directly increasing the company's operating income and profits. 
The current rise in the US dollar exchange rate has created favorable conditions for China's foreign exports. Export companies should seize this opportunity to further optimize product structure, improve product quality and added value, strengthen brand building and market expansion, give full play to the exchange rate advantage, and promote China's foreign exports. Export trade continues to grow steadily.