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Talk about the number of what the actual impact of the British off the LED tubes lights industry to bring Europe
Core Tip: Since the United Kingdom declared off-European referendum has aroused the concern of the international community, the British newspaper “Independent” issued a document that the referendum is since the 1920s in the UK ?? Since the United Kingdom declared “off Europe” since the results of the referendum, attracted the attention of the international community, the British newspaper “Independent” issued a document that the referendum is destroyed since the 1920s of the largest in British politics. German Vice Chancellor Gabriel on Twitter to comment on, said, “For Europe, today is a bad day.” The United States also began to worry about the UK itself off Europe will hurt business investment, according to media predicted that the UK will take off in Europe have a significant impact on the global economy. After the referendum results were announced, CCTV and other major media will influence the British off the European manufacturing industry in China has made a specific analysis, analysis suggests that the British off the European direct impact on the Chinese economy is not big, the impact of the chain should not be overlooked. ? So, off to Europe for British manufacturing in China, and even we are most concerned about the LED tubes lights industry, whether it is happy or worry more harm than good? The authors analyzed from three aspects will demonstrate its main impact through specific data.
1, China-EU strategic cooperation will be difficult
In recent years, the Sino-British trade frequently, creating more and more common economic interests. To achieve mutual benefit and Britain as a member of EU, gradually transformed into China’s important partners and supporters, for example, Britain lobbied the EU to recognize China’s market economy status in order to help China achieve tariff reduction. In addition, the United Kingdom also vigorously promote China – EU Free Trade Agreement.
If this total amount of funds billions of dollars in the successful conclusion of the agreement will bring huge Chinese manufacturing trade orders, contributing to the overall open European market. For Chinese LED enterprises, Britain also has a huge market, the UK is also expanding LED market.
However, once the British “off Europe” is tantamount to indirect break the invisible ties of cooperation between China and the EU. With the EU early implementation of trade policy will also be difficult to become high sunk costs.
At present, China is based on the whole European economy to international trade, the British off Europe, Central Europe, the British trade or separately, which adds some uncertainty in the relationship between China and European countries deal with.
2, will lose many enterprises from China investment
The EU is China’s largest trading partner within the EU, after Germany, Britain is China’s second largest trading partner. In recent years, the amount of China’s LED lighting industry in British exports are rising.
London has been the financial center of Europe, a variety of financial and economic activities are carried out here. British “take off in Europe”, the manufacturing industry in China, the establishment of the international market will be more difficult than previously. Because the European market is already highly integrated, form their own mature market model, close cooperation among local brands, many Chinese enterprises will be shut out.
3, or disrupt the RMB internationalization step
Today, the RMB has just joined the IMF basket of currencies plan, has taken an important step in the internationalization of RMB. China is pushing and major trading partner countries achieve RMB settlement policy in order to consolidate and strengthen the international influence of the renminbi.
In this regard the United Kingdom to provide strong support for the Chinese – London has become the second largest after Hong Kong’s offshore RMB settlement center. Britain off to Europe, the process of internationalization of the RMB will be affected to some degree, Maybank estimates, the British retreat Europe, the biggest gains in Asian currencies will occur yen, an increase of as much as 11.7%, while the RMB and Rupee It may fall 5.2% and 5.7%, respectively.
Due to changes in exchange rates directly affect the international import and export trade, China LED companies will reduce the cost of imported British products, LED products exported to the UK but it will greatly reduce the profits, both of which will have an integrated value of the benefits is not yet what to say.
Euro triggered unrest Biranzhishi international export trade in the short term, the euro devaluation triggered a global economic turmoil, devaluation of the RMB exchange rate impact, but in the long run, the British off the European free trade between Britain negotiations on the agreement, China will take a favorable position.
For the Chinese manufacturing industry, the international market is very important, since the LED tubes lights industry in China in recent years, sales downturn, many companies have to invest in overseas markets, Europe and the British off the short-term global economic turmoil still in the stage, LED tubes lights industry to go abroad will be greater challenges exist.
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