Lin Lin, The First Entity Shop Across The Border, Has Settled In Holy Land Exchange.

Recently,

Lin Lin Lin, Agel Ecommerce Ltd, joined hands with holy land group to build the first cross-border business entity store in the mature shopping area of Guangzhou, which is a cross border e-commerce direct shop. It will open to business tomorrow (January 29th). This is the first stop of Lin Linlin's plan to build 300 entity chain stores in the whole province in 3 years, and also a steady step for its leading O2O mode.

Cross border e-commerce direct shopping site, holy land station, will gather millions

It provides a one-stop shopping experience for Guangzhou businessmen and leads the consumption trend. The function of each entity store is to do well the service of "last three kilometers".

Lin Lin Lin store will extend every link of professional service tentacles, regardless of on-site communication.

The after-sale guarantee is presented in a convenient, professional and thoughtful way to achieve "zero distance" for consumers.

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Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce and international trade and economic cooperation, said that the depreciation of RMB 1%~2% would be a "long drought" for foreign trade enterprises.

Labor-intensive foreign trade enterprises rely on quantity to fight the market, making a difference of 1 cents and earning 1 cents.

Bai Ming suggested that exporters should not waste the depreciation of the renminbi, and strive for time for the pformation and upgrading of the trade.

But at the same time, do not go from one extreme to the other extreme.

"Excessive depreciation of the RMB will bring capital outflow and delay the internationalization of RMB."

Over the past few years, the renminbi has appreciated unilaterally against the US dollar. Because there are no other channels for easing up, all the pressure is concentrated on the exchange rate, and export enterprises are more uncomfortable.

At present, the domestic economy has been in the sensitive zone of medium and high speed growth. Will the extent of depreciation bring impact to real estate, stock market, price, interest rate and local debt? Will it cause systemic impact?

Bai Ming is worried that in the past five years, the unilateral appreciation of the RMB against the US dollar is actually a "rising or falling down".

Now, if we go into the devaluation channel, will it lead to "external derogatory rise"? At present, the RMB nominal exchange rate has depreciated more, the currency is still strong, and the appreciation depends on parity purchasing power.

"The renminbi can be depreciated appropriately, and it needs to digest part of the nominal depreciation. Part of the domestic monetary policy is digested, and the exchange rate will be partially absorbed by foreign exchange."

Bai Ming suggested that several channels should simultaneously flood and defuse the depreciation of the RMB, not all of them on the exchange rate, which would help to form a healthy open economy, otherwise the importing enterprises could not bear it.

As for the price of commodities, compared with the unilateral influence of the US dollar, Bai Ming is more inclined to be the "drum beating and flower spreading" role initiated by China and the United States.

Over 90% of the world's commodities are denominated in US dollars, and the appreciation of the US dollar will inevitably suppress commodity prices.

But China's demand growth has slowed down, after the bull market commodity prices in fact, has already included the demand for the next few years.

At that time, China's real economy grew faster, and the US financial derivatives developed, both sides played a role together, pushing up commodity prices.

Now that China's economy has entered a new normal, the growth rate has slowed down, the US has withdrawn from the quantitative easing policy (QE), and the interest rate increase is expected to increase.

"Before China and the United States pushed up the price of commodities, they also pushed pressure on commodity prices as the economy changed."

Bai Ming said this is the reason for the decline in commodity prices.

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