For a period of time, due to the decrease in export tax rebate rate, the devaluation of US dollars, the appreciation of RMB and other factors, as well as the newly implemented Labor Contract Law that came into effect at the beginning of this year, which has added to enterprise labor costs to a certain extent, life hasn't been easy for foreign trade enterprises.
At present, the slowing down of export speed is already an undeniable fact. Analysts point out that macro control, the appreciation of RMB, the slowing down of external demand, and the upgrading of international trade protectionism will also continue to affect China's exports in the second half of the year. The pressure remains great.