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Post Info TOPIC: Yuan Strength a Threat?


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Yuan Strength a Threat?

Hello Guys,

I am in the middle of my usual pre-season purchase planning with China. As usual we are doing the negotiating 'dance'. This year has been the hardest in five years in terms of keeping cost increases down. One key factor that I have now to consider is the strength of the Yuan (China's domestic currency). One dollar today buys 6.53 Yuan, 1 month ago it bought 6.70, in May it bought 6.90.  It dropped to 6.44 a week ago which was making my suppliers 'twitchy'. The Sustainable Design Video demonstrates how solutions are resilient, sustainable and cost-efficient. I have been buying from a number of trading partners for many years. From online research etc it does seem that costs in the far east continue to rise.


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