人民币创14个月来新高，出口商“肉痛”一到账就结汇

Group 1 - The core viewpoint is that the Chinese yuan is expected to appreciate further, potentially entering the "6 era" in the long term, despite short-term fluctuations [5][7] - Recent trends show that exporters are increasingly opting for immediate currency settlement upon receipt of payments to mitigate losses from currency fluctuations, particularly in light of the yuan's recent appreciation [1][3] - The yuan has reached a 14-month high, which poses challenges for small and medium-sized export enterprises, as they may face immediate currency exchange losses and potential price competitiveness issues [1][5] Group 2 - The People's Bank of China reported a slight depreciation of the yuan against the US dollar, with the central parity rate set at 7.0572 yuan per dollar, reflecting a decrease of 22 basis points from the previous trading day [4] - Analysts suggest that the seasonal increase in currency settlement demand towards the end of the year may contribute to a stronger yuan, as exporters typically need to settle accounts to pay year-end bonuses [7][9] - The overall trade environment is expected to remain stable, with the central bank's recent adjustments indicating a focus on aligning the yuan's exchange rate with economic fundamentals rather than promoting rapid appreciation [9][10] Group 3 - China's foreign trade maintained positive growth, with total trade value reaching 41.21 trillion yuan in the first eleven months of the year, a year-on-year increase of 3.6%, driven by a 6.2% rise in exports [8] - The shift from price competition to brand and technology diversification is anticipated as companies adapt to exchange rate pressures, aligning with government initiatives to support service exports and digital trade [8][9] - The recent increase in the yuan's value is seen as beneficial for importers, enhancing purchasing power and potentially lowering costs for raw materials and consumer goods, which aligns with China's strategy to boost domestic consumption [7][8]