Impact of RMB devaluation on large-scale entertainment facilities

The depreciation of RMB has basically no impact on large-scale entertainment facilities. RMB depreciation has a greater impact on the following seven industries:

First, clothing and textile industry, clothing and textile industry, due to high dependence on exports, RMB depreciation on the one hand, is conducive to the company to reduce costs to improve the competitiveness of the product, the enterprise to get more orders, and at the same time is also conducive to the export-oriented enterprises to obtain the exchange gains.

Secondly, export trade, the depreciation of the RMB to promote the increase in export orders, foreign currency settlement to increase exchange gains.

Third, the iron and steel industry, the depreciation of the yuan to promote the increase in exports, foreign currency settlements to increase exchange gains, with the Belt and Road to promote the digestion of excess production capacity, to enhance the operating efficiency of assets.

Fourth, rare metal varieties, the depreciation of the yuan to promote the relative rise in import prices, the original stockpile as well as the original mine enterprises to form a potential price increase in profit margins.

Fifth, the air transportation industry, the purchase of aircraft need to spend a lot of foreign currency, the formation of long-term huge foreign currency debt, foreign currency appreciation in the context of the formation of exchange losses.

Sixth, the real estate industry, real estate companies rely too much on external financing, for the existence of a large foreign currency exposure to the real estate business for the negative effect is obvious, a large number of foreign currency debt formed at the end of the period of foreign exchange losses to reduce corporate earnings, the outflow of foreign capital to reduce the sales expectations of enterprises.

Seventh, the financial sector, a large number of foreign currency debt exists, exchange losses lead to the financial sector refinancing difficulties, the banking system shortage of funds, the formation of liquidity pressure. (