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23, the central bank announced a € 1 for 7.9980 yuan central parity rate, below the “8.0″ integer points, 24 € 1 yuan central parity rate hit the lowest since June 2002, up to 7.9495. Euro, trips to Europe, “cargo sweeping” the people of the study, “”, 15% a year ago, the euro against the yuan has almost fell in the local shopping, the equivalent of playing a 15% discount This is not a small “concessions”, if coupled with tax rebates and other factors, to Europe to sweep goods can reach the “discount” tickets. The hands of a “sink” the public bank financial experts recommend is converted into U.S. dollars as soon as possible. Investment Advisor in macroeconomic research fellow horse away, said that the euro will give China’s tourism industry abroad and training industry, foreign investment in real estate and property industry, to bring good major exporting countries to the European market for automotive manufacturing industry. Horse away, domestic between European travel company will be sought after in this role. Major domestic tourist cities abroad, such as Shanghai, Shenzhen, will cause more heat to study abroad tide.

[Tourism]

Europe “cargo sweeping” a good deal

“The euro continued to fall to Europe ‘to sweep goods’ of course, is more cost-effective it can be said from the start of the second half of last year, the European tour is very popular, and the first quarter of the number of trips this year than last year turned a whole lot of no exaggeration to say that the door of the store on the Champs Elysees, Paris, France, Chinese tourists are everywhere, a veteran of the tourism industry an interview with reporters, pointed out that the exchange rate falls, more and more European tour price close to the people is the main reason for the popular in Europe line. But the person also said that European tour price does not immediately come down. “Route of travel agents are basically six months in advance to check out the location and procurement of resources, so now the price is basically before they set a good, no decline in the space , but is expected in the second half, around the Spring Festival, the other environment does not change, the price should be decreased. “but He emphasized that the exchange rate is only one influencing factors other airline fares, indirect costs, difficult to judge how much will fall.

there are travel experts say, European countries, ranging from 5% -25% shopping rebate, to Italy, for example, the highest level of tax rate of 20%, which is equivalent to the goods called discount for each purchase, plus on the exchange rate to float downward, the discount to 40% off.

affect export]

on Chinese exports to Europe is bad news

College Board of Education members of

DCE futures the Liu Xintao said the further depreciation of the euro, the impact of the EU-China trade has two parts, first, that part of the settlement of the euro as. The depreciation of the euro is bad news for Chinese exports to Europe, and China is good news for exports to Europe; the contrary, China’s imports of euro area goods and advantages of European imports from China is bad. Second, is the U.S. dollar as that part of the settlement may also have an impact. The sharp depreciation of the euro, some foreign trade enterprises surveyed said that China, as the euro is not a major settlement currency, the export impact of China’s enterprises is not very obvious, but on imported good.

China now adopts a managed floating exchange rate system, foreign mainly pegged to the dollar. If the depreciation of the euro, corresponding to the dollar, China’s foreign trade enterprises in the export sector balance sheet is advantageous. Liuxin Tao warned that Chinese exports to Europe some of the basic daily necessities, the relatively low value-added imports are a number of value-added and high technology content products. If the euro against the yuan continued to decline, For China, export costs due to currency appreciation, would inevitably lead to the enterprises have recently begun to stabilize in the settlement when the U.S. dollar.

depreciation of the euro, although the favorable euro-zone exports, but the overall look is not necessarily a good thing. Global investors holding the euro and euro assets confidence in, is bound to turn into other markets, such as the United States, this will lead to large capital outflows. If the pace of depreciation of the euro continued outflow of capital to a certain extent, will form the hollowing out of the “capital. Liu Xintao within the euro area in order to stimulate growth in the short term the only two paths to go, first, the large number of printing; Second, raise interest rates. On the actual situation of the euro area, these two approaches can not be used because of the use after more harm than good. European demand this is not enough boom, European merchants already decreased purchasing power, and the depreciation of the euro will undoubtedly make the situation more worse, cause more trouble on the export business at the market level.

impact study]

cost of

study will be lower than the United States

school studies in America, Europe, director Xiaobo told reporters that the EU countries, the education expenses decline in students families have a certain appeal, but due to concerns about Europe’s economic prospects, a more limited attraction.

Xiaobo, euro and sterling devaluation has cheap Europe to study. If only the currency devaluation, since 2010, studying in the UK costs decreased by about 30% in the euro-zone countries education expenses decreased by about 20%, although some of these countries, the “price”, but overall really drop two or three . However, due to EU countries studying is not the the Fuwai with Chinese students studying in the mainstream market, the impact of the euro is not large.

Xiaobo, the euro continued to depreciate, go to EU countries, the study costs may be lower than the United States. Because a lot of people go to the U.S., and the school system is very long, and higher overall costs. And choose to study in Europe often do not follow the crowd, was originally a small language students, or is it because in love with these countries the advantages of disciplines, such as learning the car to Germany, studied art to go to France. Xiaobo, if the euro continued to depreciate, may attract some of the original plan to go to Singapore, Hong Kong, China to study students, but students studying to North America and Commonwealth countries have limited appeal. “In Shanghai, most of the customers of the cost is not very much in mind, but customers in the second and third tier cities, the price will have some impact.” Xiaobo.

comprehensive Xinhua News Agency, CNS, Securities Times