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In half a year, the port of dandong will be exported or will decline

Classification:
Industry news
2016/10/19 17:50
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[Abstract]:
On December 4th, the reporter understands from dandong city departments, since 2, through the vehicle began to decrease the yalu river bridge, but didn't stop, north Korea did not shut down the port, the two countries normal personnel exchanges. Some foreign trade dealers told reporters that in the past normal times, the two sides of the yalu river bridge were in about 200 vehicles each day, only a few dozen cars a day, less than half.

At present, 70-80% of china-dprk trade is completed through dandong port in liaoning province, with annual trade volume of about us $1 billion. Dandong port has become a barometer of china-dprk trade. On December 1, the day after the news was released, the reporter called li manager (pseudonym) for a long time with the Korean business community. "We were informed yesterday (30 November)." Mr. Li said the north Korean currency reform would have little impact on "big trade" but would be a big blow to overseas Chinese and small business vendors....

The big trade, as Mr. Li calls it, refers to the bulk trade in dollars, euros or yuan. A head of dandong's foreign trade bureau said that because the border trade between China and north Korea is mainly settled in dollars or RMB, our foreign trade enterprises will not suffer direct losses. Dandong region according to concerning sectional statistic, 2008 on the export trade of foreign exchange settlement of $135 million, accounting for 30.88% of the funds should be, import payment of only $20.17 million, accounting for 6.2% of the payment should be, this means that in the trade, with 69.12% of settlement and settlement for the renminbi basically 93.8% import export. In a questionnaire survey, the RMB import and export settlement in dandong area accounted for about 80 percent, and the RMB has become the main force for the cross-border flow of the DPRK.

Small trade on the sidelines, the deep impact is unpredictable

But if there is a booth in the north Korean market, there are still accounts receivable that have not yet come back. Manager li is one of them. Mr. Wang, the manager (not his real name), who does business with north Korea's raw materials such as ore, agrees. He believes there will be losses for individual Chinese companies, but they will not be wiped out. Some of those who hold a certain amount of old north Korean currency in the hands of the overseas Chinese are in danger of being scrapped.

On December 4th, the reporter understands from dandong city departments, since 2, through the vehicle began to decrease the yalu river bridge, but didn't stop, north Korea did not shut down the port, the two countries normal personnel exchanges. Some foreign trade dealers told reporters that in the past normal times, the two sides of the yalu river bridge were in about 200 vehicles each day, only a few dozen cars a day, less than half.

At present, 70-80% of china-dprk trade is completed through dandong port in liaoning province, with annual trade volume of about us $1 billion. Dandong port has become a barometer of china-dprk trade. On December 1, the day after the news was released, the reporter called li manager (pseudonym) for a long time with the Korean business community. "We were informed yesterday (30 November)." Mr. Li said the north Korean currency reform would have little impact on "big trade" but would be a big blow to overseas Chinese and small business vendors....

The big trade, as Mr. Li calls it, refers to the bulk trade in dollars, euros or yuan. A head of dandong's foreign trade bureau said that because the border trade between China and north Korea is mainly settled in dollars or RMB, our foreign trade enterprises will not suffer direct losses. Dandong region according to concerning sectional statistic, 2008 on the export trade of foreign exchange settlement of $135 million, accounting for 30.88% of the funds should be, import payment of only $20.17 million, accounting for 6.2% of the payment should be, this means that in the trade, with 69.12% of settlement and settlement for the renminbi basically 93.8% import export. In a questionnaire survey, the RMB import and export settlement in dandong area accounted for about 80 percent, and the RMB has become the main force for the cross-border flow of the DPRK.

Small trade on the sidelines, the deep impact is unpredictable

But if there is a booth in the north Korean market, there are still accounts receivable that have not yet come back. Manager li is one of them. Mr. Wang, the manager (not his real name), who does business with north Korea's raw materials such as ore, agrees. He believes there will be losses for individual Chinese companies, but they will not be wiped out. Some of those who hold a certain amount of old north Korean currency in the hands of the overseas Chinese are in danger of being scrapped.

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