Strain: I'll take the lead
Currently, in the list of "tax" areas announced by the U.S. and China, the Chinese products on which the U.S. is proposing to impose tariffs are concentrated in high-tech areas, such as high-performance medical devices, biomedicine, new materials, industrial robots, new energy vehicles and aviation products. China's proposed tariffs on the U.S. are mainly in the areas of fruits, nuts, pork, seamless steel pipes and aluminum scrap.
This has really put a lot of tech companies in a state of anxiety. For medical institutions to provide rehabilitation robotics equipment, a technology company partner Zhang Rui told reporters that his company is in the United States on the product tax increase in the field of high-performance medical equipment, and the company just in February this year, the United States sales qualification license. If this policy is really implemented, it will really cast a shadow on the future development of our company.
When China is no longer willing to stick to low-value-added manufacturing, the transition to the development of high-end manufacturing, will inevitably be in the field of core science and technology to the United States constitute a "challenge. This may be one of the reasons why the U.S. government "moves".
"In fact, Chinese companies themselves should do something to enhance their own core technology and competitiveness, with the strength of the global market recognition. While doing a good job at the product business level, they should also do a good job of financial management." "Enterprises should actively 'embrace change' to better adapt to changes in international trade market rules, capital market rules, especially to build out appropriate financial planning to deal with risks arising from the US-China trade dispute."
"No matter how big the impact of the U.S. tax hike will be, for the enterprise financial management, the main task at present should be to respond to all changes with no change, and do their own thing first." Right now, financial management must keep up with the changes in business management objectives, in addition to do a good job of open source and cost reduction and efficiency work, but also need to look at the management of intangible assets of the enterprise, such as technology, knowledge, etc., so that we can really play a supporting role for the development of enterprises.
The rise of "Made in China" is unstoppable, domestic enterprises should adhere to the "I am the main", continue to strengthen, including financial management, including enterprise management, to enhance the strength of the response to changes in the market environment.
"A good financial system and management can help companies maximize their value and profits. Midea is through the creation of 'global capital management platform' to realize the global capital visible, controllable, can be applied to the full range of management. By standardizing enterprise financial management and accounting, it can reduce enterprise production costs, improve internal control mechanisms, and enhance management efficiency."
Seeking victory: with the exchange rate "*** win"
A number of industry insiders said that trade friction brings the most direct result is the rise in the price of imports from both sides, if the future trade friction to further escalate, the pressure of rising prices will also be extended to more industries, which will also be on the U.S. and China's monetary policy brings more impact.
The lower trade surplus may lead to a reduction in foreign exchange accounts, which will undoubtedly have a negative impact on domestic liquidity. In the future, once the trade surplus significantly convergence, will make the exchange rate and foreign exchange account for the pressure to further increase, into the more loose, the more depreciation, foreign exchange account for the more outflow of the vicious circle. It can be said that the exchange rate has become the "U.S. trade war" one of the key battlefield.
"Exchange rate risk not only affects the enterprise's financial budget, but also affects the enterprise's many strategic decisions, including the layout of production capacity, import and export trade layout, supply chain organization, customer management and other activities. Therefore, it is necessary to incorporate exchange rate risk management into enterprise strategic management decisions."
Theoretically, the fluctuation of RMB exchange rate firstly affects the enterprise's sales volume by influencing the price elasticity of demand in the market, and then affects the price of import and export commodities and the enterprise's cost through the conversion ratio of local and foreign currencies, and finally directly affects the enterprise's cash flow.