转贴--人民币兑美元汇率破7(2)

zhangdandan07

I think the dollar may stabilize and gradually rebound（反弹） by the end of next year," he said, adding that the yuan may gradually rise to about 6 to the dollar and stabilize in the next two years.

UBS said the potential comeback（恢复） of speculative capital（投机资本） inflows would keep the authorities from allowing the yuan appreciation to be too fast.

Moreover, China's trade surplus has been flat or falling for 18 months and this trend will continue through next year, which means the underlying pressure on the currency is moderating（减轻）, the UBS report said.

The yuan's relentless（残酷的） rise has been pinching（引起痛苦的） many exporters, who have had to raise prices, shorten contract periods or shift to domestic sales.

"Many of our clients have complained about our frequent price adjustments and we dare not sign long-term deals for fear of unexpected losses due to the yuan's further appreciation," said Liao Yu, a senior manager of Guangdong-based Chigo Air Conditioner Co Ltd.

For Ningbo-based Yunhuan Electronics Group Co Ltd, the currency appreciation has left the company with no alternative（选择） but to raise its prices by 2.5 percent - and purchasers have since cut down on orders. "Only some long-term customers have agreed to share currency-incurred（招致） losses with us," Shen Xiangjun, the company's sales manager, said.

Fearing weakening external demand, many companies have shifted to China's domestic market.

(China Daily)