An old saying goes,"The economy is like the tide,revealing the vicissitudes of the times in its ebb and flow."

Today,let's talk about the fresh happenings in the economic circle,especially the Federal Reserve's slight wave of the hand,cutting interest rates by 50 basis points.

This is no small matter,and it affects China's import and export enterprises in a way that a single move can affect the whole body.

We are fortunate to have invited Dr.Ding Yifan,a senior researcher at Taihe Institute,to help us see through the fog and reveal the truth.

Dr.Ding is a Ph.D.in political science from the Law School of the University of Bordeaux in France and has also studied at Johns Hopkins University in the United States,specializing in high-end topics such as exchange rates,environmental protection,and international trade.

He has a wealth of monographs and papers,and it's no exaggeration to call him an "encyclopedia" in the field of economics.

I.

The Federal Reserve's Interest Rate Cut: A Double-Edged Sword for Our Foreign Trade Enterprises The reporter from NBD dived straight into the topic: "Dr.Ding,the Federal Reserve has cut interest rates.

How should China's import and export enterprises respond?"

Dr.Ding smiled slightly and said calmly,"With the Federal Reserve's interest rate cut,the US dollar depreciates,and the Chinese yuan naturally appreciates.

It used to be said that the appreciation of the yuan is not conducive to exports,but the situation is different now."

Dr.Ding continued,"Look at our products exported to the United States,especially those high-tech,high-value-added 'new three items'—new energy vehicles,lithium batteries,and photovoltaic products—are becoming more and more popular.

Why?

Because our products are of high quality and advanced technology,and the US market cannot do without them.

Therefore,even if there are exchange rate fluctuations,it does not affect our export competitiveness."

II.

The Rise of the "New Three Items": Behind It Lies the Internet Thinking Speaking of the "new three items," especially new energy vehicles,Dr.Ding's eyes sparkled,"This is not only a progress in the automotive manufacturing industry but also a victory of internet thinking.

Look at the new forces like NIO and XPeng,the bosses behind them are all big shots in the internet circle.

They treat cars as intelligent mobile terminals and play with them very smoothly."

"Traditional car companies are not idle either.

BYD is a good example,transforming very quickly,with intelligence and networking,nothing is missed.

Now,Chinese electric vehicles are like smartphones in the field of travel,with many functions and a good experience,and foreign friends are fond of them."

III.

Tariff Barriers: We Have Strategies "Ah,when it comes to tariffs,the United States has raised them again," the NBD reporter changed the subject,"What should our foreign trade enterprises do?"

Dr.Ding waved his hand,showing confidence,"We have to walk on two legs.

On the one hand,we need to deal more with friends in Europe,ASEAN,and other places to expand the market; on the other hand,we also need to practice our internal skills.

Digital transformation is a hurdle that cannot be bypassed."

"Digital transformation sounds high-end,but in fact,it is about using new technologies and new methods to enhance the competitiveness of our enterprises.

Although the challenge is not small,if it is done,it is a rebirth,and no longer afraid of the outside wind and grass."

IV.

Industrial Transfer: Our "Golden Key" "Now it is said that the global industrial chain is changing,is China's foreign trade affected?"

the NBD reporter pursued.

"There will definitely be an impact,but we are not afraid," Dr.Ding said confidently,"China has only transferred some production links,but the core technology and industrial chain are still firmly in our hands."

"You see,although our direct exports to the United States have decreased,our exports to ASEAN and the North American Free Trade Area have increased.

This is our 'golden key,' through regional cooperation,to make our products more flexibly enter the global market."

V."Three-Horse Carriage," the Balance Art of the Future "Finally,let's talk about consumption,investment,and exports,the 'three-horse carriage,'" Dr.Ding changed the subject,"In the future,our domestic market will definitely be the mainstay,but consumption still needs to be increased.

After the epidemic,everyone's pockets are tight,and consumption needs to be slow."

"In terms of policy,the central bank's purchase of long-term bonds is to boost the market and loosen the economy.

But deleveraging also needs to be cautious,don't suddenly make everyone confused.

We need to leave some buffer for the economy,let the people's pockets be full,and consumption can be hot."

Listening to this analysis,our hearts are very clear.

The Federal Reserve's interest rate cut is the wind and waves outside,and our Chinese foreign trade enterprises have wisdom,courage,and strength to deal with it.

As long as we seize the opportunity and practice our internal skills,the future road will definitely be wider and wider.

Let's wait and see how China's economy will ride the wind and waves in the wind and rain,and create brilliance again!