The impact of RMB appreciation on the price of jewelry display cabinet

2022/08/05
Author:DG Master-Showcases manufacturer

The appreciation of the renminbi has become more and more intense. On the other hand, the currency of various countries is constantly depreciating to cope with the weakness of the economy. In this currency war, the reverse appreciation of the RMB became extremely weird.

The large amount of foreign hot money flowed in abroad, the domestic inflation intensified, and the CPI rose sharply, which caused the majority of companies and ordinary people to suffer. The rising rate of living costs far exceeds the increase in income, and the actual disposable income of the residents has decreased virtually, thereby decreased to buy in jewelry, jewelry, cosmetics and other products. , Emerald display cabinet, gold display cabinet, cosmetics showcase is decreasing.

The decrease in the demand of the jewelry display cabinet market has caused the benefits of the jewelry display cabinet company to decline, the cost of upstream raw materials rises, the internal employee salary is raised, and the downstream directly customer suppresses the price of the jewelry display cabinet. Controlling production costs is more important than ever before. The price of jewelry display cabinet has become a microcosm of the domestic economic market.

From this, the jewelry showcase production industry, upstream and downstream industries and even domestic economies. .

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