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[外汇债券] 中国产品出口价格上涨 [复制链接]

退役斑竹 2007 年度奖章获得者 2008年度奖章获得者 特殊贡献奖章 参与宝库编辑功臣

发表于 2007-9-10 08:53 |显示全部楼层
此文章由 黑山老妖 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 黑山老妖 所有!转贴必须注明作者、出处和本声明,并保持内容完整
Closing soon: the great sale of China

FOR years, American consumers have enjoyed falling prices for goods made in China thanks to relentless cost-cutting by retailers such as Wal-Mart and Target.

But the spate of product recalls in recent months - Mattel announced another last week - has exposed deep fault lines in Chinese manufacturing. Manufacturers and analysts say some of the problems are a result of financially strapped factories substituting materials or taking other shortcuts to cover higher operating costs.

Now, retailers that had largely dismissed Chinese suppliers' complaints about the soaring cost of wages, energy and raw materials are preparing to pay manufacturers more to ensure better quality. By doing so, they hope to prevent recalls that hurt their profits and reputations.

But the added costs - for items ranging from toys to frozen fish - will mean either lower profits for retailers or higher prices for consumers. "For American consumers, this big China sale over the last 20 years is over," said Andy Xie, a former chief economist for Morgan Stanley in Asia who works independently in Shanghai. "China's cost is going up . They need to get used to it."

William Wilhoit, the president of the Seattle-based Skyway Luggage Co, which makes all of its products in China, said that a year ago retailers wouldn't even consider price increases. "It's a different story today. Now, they are willing to listen," he said.

Although Skyway hasn't raised prices for retail buyers, Mr Wilhoit said the company was "at a point where we have to if we want to remain profitable".

Business executives don't expect significantly higher prices this holiday season, because Christmas goods have already been ordered. But prices for goods from China are likely to creep higher over the next 12 to 18 months, they say.

Already there are signs: the price of imports from China rose 0.4 per cent between June and July, the largest monthly increase since the price index was first published in late 2003. Prices had declined steadily over the previous three years, helping to keep inflation under control in the US and elsewhere.

Most economists believe that manufacturing prices will have to rise by at least 10 per cent to reflect China's current production situation, although it is unclear how much of that could be passed on to consumers.

Large retailers might be forced to absorb all of the extra costs on products that they commission for their own labels.

Costco Wholesale Corp, a warehouse chain with jumbo sizes and bulk prices, has stepped up inspections and monitoring of its Kirkland brand as well as other goods the company imports directly.

That increased vigilance, as well as new quality controls put in place by many manufacturers that supply Costco, was likely to result in modest price increases on some products for sale next northern spring and summer, the company's chief executive, James Sinegal, said.

"It probably is just a penny here and a penny there, we're not seeing big incremental cost increases, although that may come," Mr Sinegal said. "I don't think we have a choice. A product is either safe or unsafe - if it is more costly to ensure that the product is safe and being produced properly, somebody has to pay the cost."

Wal-Mart, whose billions of dollars of purchases from China are a key part of its low-price strategy, has said it is expanding testing and oversight of toys but declined to comment on price issues.

Los Angeles Times
Happy Wife = Happy Life
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退役斑竹 2007 年度奖章获得者 2008年度奖章获得者 特殊贡献奖章 参与宝库编辑功臣

发表于 2007-9-10 08:57 |显示全部楼层
此文章由 黑山老妖 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 黑山老妖 所有!转贴必须注明作者、出处和本声明,并保持内容完整
这个新闻有2个需要注意的方面:
1。中国生产成本上涨被转嫁到外国订货公司。外国的公司可以选择吸收价格上涨(利润下降)或是把价格上涨部分转嫁给消费者(通膨上涨)。美国公司因为盈利增长下跌而股价下跌?美国股市下跌?
1。中国生产成本上涨被转嫁到外国订货公司对中国生产商的利润有利。中国股票上涨?

[ 本帖最后由 黑山老妖 于 2007-9-10 08:59 编辑 ]
Happy Wife = Happy Life

发表于 2007-9-16 18:00 |显示全部楼层

拭目以待

此文章由 eagleowl 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 eagleowl 所有!转贴必须注明作者、出处和本声明,并保持内容完整

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