According to users who have experienced ATM cash withdrawal, the overall digital renminbi cash withdrawal transaction is very convenient. First, select “digital renminbi” on the ATM machine, then enter the mobile phone number, then enter the SMS verification code sent to the mobile phone, and select “Cash back cash” , Enter the exchange amount and wallet payment password, you can get cash. The first few steps of the digital renminbi cash deposit process are the same as the cash withdrawal. After entering the mobile phone number and SMS verification code, select “Cash Exchange”, put the cash in the cash box, and enter the wallet payment password to complete the transaction. At present, the digital RMB wallet has not been promoted on a large scale, and it is still in the early stage of investment and exploration. Users in the pilot areas can “get” the digital RMB wallet through the following channels. First, it can be obtained by winning the lottery. Earlier this month, Beijing, Shanghai, Changsha and other cities successively launched the second round of digital renminbi pilot activities. Successful users download the digital renminbi APP and open personal digital wallets by themselves in accordance with the successful text messages or the registration platform guidelines. Next, the operating agency will issue digital renminbi red envelopes to the winning users’ personal digital wallets. Second, you can apply directly to the relevant bank outlets. In major banks participating in the digital renminbi test such as ICBC, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, Postal Savings, etc., if a resident goes to a branch to apply for a digital renminbi wallet, the bank staff will show a QR code and the staff will guide the customer after scanning When you apply, you can open it at T+2 days at the latest, and some banks can open it on the spot. Some bank business departments will actively invite customers who come to this branch to handle business to open the digital renminbi authority. Third, it can be applied for on-site at the pilot activities related to digital renminbi. The fourth is to try to apply through mobile banking channels. Banks such as the Bank of China have recently sent invitation text messages to many target customers. Customers who receive the text messages can log in to the Bank of China Mobile Banking and click the “digital RMB” icon to apply for activation. It is worth mentioning that in addition to distributing red envelopes to invited test users, there are also some areas that are piloting the use of digital renminbi to pay wages. In this regard, Hainan is at the forefront. According to Nanhai.com, the Hainan Branch of the Bank of Communications has implemented digital RMB subsidies for ethnic minorities. Recently, Bank of Communications Hainan Branch has successfully completed the first wage payment service for the entire bank’s employees through digital renminbi payment, real-time payment, real-time payment to the account, and real-time query of the payment results. It is understood that the Hainan Branch of the Bank of Communications currently supports payment of bonuses, pensions, reimbursements, subsidies, etc., in addition to issuing digital renminbi wages and subsidies. Mobile payment was once regarded as one of the “Four New China Inventions”, which changed the payment habits of Chinese people. However, in recent years, there have been endless telecommunication fraud incidents, which means that traditional mobile payment still needs to be improved. Digital RMB draws on blockchain technology, and all transaction information will be recorded in the block. Even if users use offline transactions, the use of technical means can still be traced back to the circulation channels of funds, and the security is higher than that of mobile payments and banknotes. . The digital renminbi has completed pilot tests in many cities, and the test scenarios and participating institutions have continued to achieve breakthroughs, which means that the large-scale application of digital renminbi is not far away. Have you used a digital renminbi? How do you feel? (source:Cui Cui)

30 seconds quick reading 1. The digital RMB online payment experience is not much different from bank cards, Alipay, and WeChat. 2. The main inconvenience of using digital renminbi payment online is that users must be very clear about how much balance they have in each wallet, otherwise they will encounter the dilemma of insufficient balance when paying, because it is equivalent to a cash wallet and cannot be like a credit card Overdraft. 3. From the offline experience of “IT Times” reporters, once the mobile network is closed, operations such as payment and transfer cannot be realized, and offline payment cannot be used. The said “offline payment” function has not yet been implemented yet. Speaking of the current magic capital, which festival is the hottest? It is undoubtedly the second Shanghai “Five-Five Shopping Festival” spanning the second quarter. It’s another “buy, buy, buy” rhythm. This year’s “Five-Five Shopping Festival” has a particularly strong digital flavor. Many merchants on Nanjing Road Pedestrian Street have put digital RMB signs on the counters. This year’s “Five-Five Shopping Festival” “Become a “touchstone” for the digital renminbi. Currently, the digital RMB pilot areas are “10+1”, including Shenzhen, Suzhou, Xiong’an, Chengdu, Shanghai, Hainan, Changsha, Xi’an, Qingdao, Dalian and the Beijing Winter Olympics. The digital renminbi is becoming a “frequent customer” around us. In fact, not only offline, some Internet platforms have also opened up digital RMB payment channels, alongside WeChat Pay, Alipay, and Cloud QuickPass. What is the online and offline payment experience of digital renminbi? Recently, a reporter from “IT Times” conducted a test. 01Online Source: IT Times Can pay and pay party dues To use digital renminbi online, the first step is to open a sub-wallet. In “More” at the top of the homepage, click “Sub-wallet”, and there will be Internet platforms that have connected to digital RMB, such as Didi, Ctrip, JD, and more than 20 platforms, but the number of times the digital RMB sub-wallet has been opened is Limited, according to the current test conducted by a reporter from the IT Times, the maximum number of sub-wallets opened by each bank is two, and no digital renminbi is kept in the sub-wallets. It can be seen on the Digital RMB App that among the Internet platforms that are connected to, Travel categories include Meituan Biking, Didi Chuxing, Qingju Bicycle, Tianfutong (Chengdu Bus and Metro), Qingdao Metro App, E-commerce categories include JD.com, Jingxi, Suning.com, Tmall Supermarket, Tourism category includes Ctrip, Tuniu Tourism, Fresh food delivery categories include Ele.me, Meituan, Hema Fresh, Shixing Fresh, The express category currently only has SF Express, The financial category includes JD Finance, Petrochemical Finance, Charging categories include special calls, star charging, Entertainment category includes Bilibili. After opening the sub-wallet, the digital renminbi can be paid online on the corresponding App. In addition, major banks have also launched trials of their own products, such as the e-commerce platform of China Construction Bank, Shanrong Commercial, and the Postal Savings Life of China Postal Savings Bank. The digital renminbi online payment experience is not much different from bank cards, Alipay, and WeChat. When making a transaction, choose any bank’s wallet to make the payment. After entering the password, the digital renminbi App will be displayed on the top to prompt the transaction. After payment, you can open the digital wallet to see the transaction record and a string of transaction certificate numbers. The payment of party dues is also the main entrance to the digital RMB app, but currently this function is only open to some party branches in pilot projects. For example, Sinopec has already used digital RMB to pay party dues. Avoid insufficient balance At present, digital renminbi is still in the pilot stage, so each app has certain restrictions when using digital renminbi for payment. For example, e-commerce apps and JD apps can only use digital renminbi to purchase self-operated products. Meituan has opened three areas for cycling, grocery shopping, and takeaway. The only areas where digital renminbi can be used for grocery shopping are Beijing and Shanghai. Bilibili is only for Android phone users to use when topping up B coins. The main inconvenience of using digital renminbi payment online is that users have to be very clear about how much balance they have in each wallet, otherwise they will encounter the dilemma of insufficient balance when paying, because it is equivalent to a cash wallet and cannot be overdrawn like a credit card. Assuming that you have 3 bank cards to open a digital wallet, you have 3 cards and 3 digital wallets, and you need to memorize multiple balances. In addition, it is recommended to set the same transaction password when opening multiple digital wallets to avoid confusion. Online merchant banks (Alipay) and WeBank (WeChat Pay) will also gradually join the digital renminbi wallet operators. Currently, Internet merchant banks have opened the possibility of adding digital wallet functions, but they cannot be used on the central bank’s digital renminbi App for the time being. WeBank It will display “coming soon”. Source: IT Times According to media reports, Alipay has started a digital RMB pilot program. After being activated, the invited users can implement transfer, transfer, transfer, payment, and payment functions on the Alipay App. 02 offline Source: IT Times The entrance is clear and offline is still “missing” More than a month ago, a reporter from “IT Times” experienced the use scenarios and processes of digital renminbi offline. At that time, the reporter opened the digital renminbi in the ABC App. From the experience process, the digital renminbi payment entrance hidden in the bank app Deeper, unlike Alipay and other payment portals on the home page. On the central bank’s digital renminbi App, the payment portal is on the homepage, and the balance of a bank’s digital renminbi opened by oneself will be displayed on the homepage, and the payment will be received downward and payment will be made upward. On Nanjing Road Pedestrian Street, which is building a “digital RMB key experimental block”, many time-honored food stores have opened digital RMB payment channels, including No. 1 Food Store and Shen Dacheng Nanjing Pedestrian Street Store. After purchasing some items, the reporter of “IT Times” showed the digital RMB payment code to the cashier when paying. Scanned it and entered the payment code to make the payment successful. The payment process is as convenient as Alipay and WeChat. But like using digital renminbi online, it is necessary to avoid insufficient balances. At this time, you can use the “recharge wallet” function to convert the equivalent value of the funds in your bank account into the digital renminbi in the digital renminbi wallet. On the payment page of the digital renminbi, there is also a “touch one touch” function. If there is a “touch one touch” sign on the digital renminbi payment sign in the store, it means that you only need to touch the mobile phone and the induction area on the sign to complete it. Payment is more convenient than showing a QR code. However, not all stores that have opened digital RMB payment have a touch function. The reporter of IT Times did not see a sign with a “touch” sign in some shops in Nanjing Road Pedestrian Street and Putuo Global Harbor. Some media reported that in the “touch” mode, even if there is no internet connection, the digital renminbi can complete the verification of the user’s identity and the confirmation of the transaction information to complete the transaction. Since the digital renminbi has been piloted, its “anonymous and controllable” and “dual offline” functions have been attracting attention. However, from the offline experience of the reporter of “IT Times”, once the mobile network is closed, operations such as payment and transfer cannot be realized. The page will display “Current network is not available”, cannot display the QR code, and cannot use offline payment. The same experience as the reporter had more than a month ago. A research report from CICC pointed out that, from the perspective of payment methods, the current digital RMB test App uses QR codes as the payment method, and the QR codes cannot be loaded offline. Tips digital renminbi, things you must know 1. How to activate Take Shanghai as an example. The first wave of pilots mainly embeds digital RMB in the mobile banking of the six major banks, which is open to the public. From the perspective of the activation experience, it is more convenient. Commonly used bank cards can almost pass through mobile banking in seconds. However, if you use the card very much, it is probably not on the whitelist. You need to go to the bank counter to open the digital wallet. A reporter from “IT Times” tried to open the digital wallets of four banks. Among them, the Industrial and Commercial Bank of China and China Construction Bank passed the registration on the mobile banking terminal within seconds, and the Bank of China and the Postal Savings Bank did not pass online. However, the download and activation of the central bank’s digital RMB app requires targeted invitations, and it is not open to the entire public in the app market. 2. Digital wallets can be transferred to each other “IT Times” reporters have three digital wallets on the Digital RMB App: ICBC, China Construction Bank, and Internet Commercial Bank. The ICBC digital wallet can be used to transfer funds to the CCB digital wallet. Just fill in the mobile phone number or digital wallet number to transfer funds. Since WeBank has not yet been opened, it is not yet possible to try whether it can transfer with online merchant banks. 3. Bank cards and digital wallets cannot be transferred For example, it is impossible to transfer money to CCB’s digital wallet with ICBC bank card. On the Digital RMB App, only the bank card of the bank can be used when transferring in or out of the digital wallet. 4. How is anonymity reflected? When using the digital wallet number to transfer money, the interface will prompt “inter-agency transfer cannot verify the real name of the payee, please operate with caution”. When opening for the first time, you can choose an anonymous wallet, but anonymous wallets do not support transfer in or out, only transfer and consumption, and the upper limit of the digital wallet balance is 10,000 yuan, the single payment limit is 2,000 yuan, and the daily payment limit is 5000 yuan, the annual cumulative payment limit is 50,000 yuan. 5. Different types of wallets have different quotas The digital wallet opened by the reporter of “IT Times” is a secondary wallet. The digital wallet balance limit of each bank is 500,000 yuan, the single payment limit is 50,000 yuan, the daily payment limit is 100,000 yuan, and the annual cumulative payment limit is unlimited . Digital renminbi is divided into multiple types of wallets according to the degree of real name. The wallet with strong real name has the highest authority in terms of payment limit and so on. Author/IT Times reporter Pan Shaoying Sun Yan Edit/kick sister Typesetting / Huang Jian Photo/Xinhua News Agency, IT Times Source / “IT Times” public account vittimes

In addition to the rise in raw materials, the pressure brought by the appreciation of the renminbi and the high international shipping costs has not yet come to an end, Xinhua News Agency figured.

“Now it’s really troublesome!”

Cai Shaohua, general manager of Zhejiang Huajia Holding Group, did not achieve his wish. Originally, he expected that the exaggerated increase in raw materials could come down after March after the “good start.” rise”.

From the beginning of the construction in February, I was afraid to accept orders, and now I can’t resist the pressure and have to negotiate price increases with customers. Cai Shaohua uses “half stagnation” to describe the state of the recent months, “Although the customers understand the current situation. , But when it comes to price increases, communication will definitely take time.”

Bite the scalp to sign orders and ship products under pressure from a loss, what Cai Shaohua can do is to continuously increase inventory-on the one hand, the production capacity is minimized as much as possible, and on the other is the goods that are still negotiating price increases and are afraid to ship.

In the first quarter, foreign trade exports increased by nearly 40% year-on-year, and due to pressures such as the soaring of rare raw materials in recent years, such “half stagnation” has been forced to become the “new normal” for foreign trade manufacturing companies.

Inventory increased by 30% and the delivery cycle is 70 days longer

Since the beginning of this year, the prices of major products in the iron and steel, copper mining, petrochemical and other industries have continued the upward trend that started last year, and after setting a historic “good start”, they have not fallen as quickly as in previous years, but have continued to rise.

As an important raw material for industrial products, in less than a year, the price of London copper has risen from US$6,000/ton to more than US$9,000/ton, and Shanghai copper has also risen from more than 40,000 yuan/ton to nearly 70,000 yuan/ton. Nearly doubled.

As a Chinese wall-hung boiler manufacturer, Cai Shaohua’s main raw material is copper rods. The increase in copper prices has directly caused the company’s raw material costs to increase by nearly 50% this year.

The Mandarin Commodity Index rose to 182.49 on April 16, up 8.1% from January 29, of which the Industrial Product Index rose 10.2%. The increase of black varieties is particularly noticeable. The average settlement price of rebar futures in the first quarter reached 4,532 yuan/ton, an increase of 24.7% from the average price of the whole year in 2020, which was the highest level since the listing of rebar futures in 2009. The average settlement price of Shanghai iron ore futures reached 1062 yuan/ton, an increase of 39.7% from the average price of 2020.

“Raw materials have risen too much.” As an export manufacturer of electric bicycles, Zeng Xiansheng, general manager of Suzhou Mengshi Intelligent Vehicle Technology Co., Ltd. (hereinafter referred to as “Mengshi Intelligent”), told China Business News that the main material for electric bicycles is aluminum alloy. There are also motors, chips and rare earths. The prices of these materials have not only been high, but also often not available.

At present, the company’s orders have been scheduled until after June. Zeng Xiansheng, who “do not have to worry about orders”, has a headache because of the continuously delayed delivery cycle and the subsequent rising pressure on the capital chain.

“Now that raw materials are required to be paid in cash, the original billing period is gone. Many lithium batteries are prepaid and still not available.” Zeng Xiansheng said that in the past when raw materials were purchased, upstream companies would still give about 60 days of billing. , Now it’s the other way around, and if you give money, you have to wait in line for the goods. “There is a transmission that is even scheduled to 2023.”

The delivery cycle on the other end is also extending. Zeng Xiansheng’s delivery cycle is about 70 days longer than before. As far as Cai Shaohua is concerned, on the basis of increasing inventory by 30%, it is still unknown how much the delivery cycle will be extended.

While being forced to negotiate price increases and indefinitely extended delivery, companies also face the risk of loss of orders or decline in sales.

The direct consequence of being squeezed by both ends is that the pressure on the corporate capital chain has increased significantly, which in turn triggers a wave of corporate failures in a vicious circle.

CCTV’s previous survey of the manufacturing industry in Guangdong showed that some small household appliances companies that were unable to mold and process electrical accessories on their own went bankrupt when they were unable to withstand the price increase of general parts factories and were unable to receive orders in the short term.

Cai Shaohua is looking forward to the time node of May 1st, “March to May of each year is the off-season. We are still holding on to the wait and see. Let’s raise prices after May 1st.”

In fact, it is not only domestic small and medium-sized enterprises that are under pressure, but even international industry giants can’t help but raise prices one after another.

Recently, American body care and cleaning products giants Procter & Gamble and Coca-Cola have announced price increases, which has aroused the attention of the consumer market.

“This is the largest increase in commodity raw materials in my 33 years at P&G. This momentum may still exist for a long time.” P&G Chief Operating Officer Jon Moller said that this made him have to Announced an increase in the prices of daily necessities, from diapers to toilet paper, starting in September of this year.

The Coca-Cola Company also said that it cannot withstand the pressure of rising raw material prices, and the company has made a decision to increase product prices.

RMB enters the 6.4 era

In addition to the rise in raw materials, the pressure brought by the appreciation of the renminbi and high international shipping costs has not yet come to an end.

“If this continues, foreign trade people don’t want to do it anymore.” Li Qi, the person in charge of a garment foreign trade manufacturing company in the Yangtze River Delta, told China Business News that the pressure on foreign trade companies from the appreciation of the renminbi is not less than the impact of rising raw materials.

Since the beginning of the appreciation trend in the second half of last year, the renminbi has risen by nearly 10%. This is also the biggest and strongest rise in the impression of Li Qi, who has been in foreign trade for more than 20 years.

On April 22, the China Foreign Exchange Trading Center announced data that the central parity of the RMB against the US dollar was reported at 6.4902, an increase of 144 basis points.

Wang Tao, chief China economist at UBS, believes that the US dollar-renminbi exchange rate is expected to be around 6.4 at the end of this year, and may fluctuate widely driven by the exchange rate trend of the US dollar against major currencies. This also means that the renminbi is already in the 6.4 era.

Li Qi, who pays close attention to exchange rate fluctuations, believes that the renminbi will continue to appreciate. “One day in February, the offshore renminbi broke through 6.4 at some point and reached 6.39. Although it is not a long time, it may rise to 6.3 this year. Provided support”.

Compared with the end of last year, the tight situation of container transportation has eased slightly, but the freight rate is still at a high level, and the capacity arrangement is nearly a month and a half earlier than before.

Zhou Shihao, CEO of China’s one-stop international logistics service platform “Where to ship”, told CBN that in the past, orders for late May would not be arranged until May 15, but now the transportation plan for May has been arranged, “90 % Of the capacity has been arranged, and we will start to arrange the capacity for June next week.”

According to his observation, at present, whether it is shipping or air transport, or the China-Europe express train, it is already at the limit level. Due to tight shipping capacity and high freight rates, companies are beginning to need more digital information to combat anxiety and uncertainty.

Catalyzed by the epidemic, digitalization and e-commerce have also become high-frequency words in the field of foreign trade.

In the first quarter of this year, China’s foreign trade maintained a recovery growth. According to data from the General Administration of Customs, my country’s exports in the first quarter were 4.6 trillion yuan, a year-on-year increase of 38.7%. As an emerging trade format, cross-border e-commerce continued its good development trend last year, with exports increasing by 69.3% year-on-year, becoming one of the main forces for stable growth in foreign trade.

On April 22, Alibaba International Station announced the trend of foreign trade in 2021 and its digital overseas strategy. Zhang Kuo, vice president of Alibaba Group and general manager of Alibaba International Station, said that during the epidemic, the penetration rate of global e-commerce has increased significantly, and the trend of online procurement is irreversible. As the structural position of China’s supply in the world continues to increase, the dividends of cross-border e-commerce overseas are still there. It is a new opportunity for Chinese manufacturing to go overseas with high quality through branding.

Zhang Kuo told China Business News that in the global trade chain, raw material price increases and RMB appreciation and other costs transfer mainly depend on which party is stronger and which party has the right to speak. China’s manufacturing has the largest supporting role in the world, and it is especially irreplaceable during the epidemic. Therefore, from the data on the platform, we have not yet seen a significant price increase trend and market resistance to price increases, but it should be emphasized that Chinese manufacturing companies must seize the window period of the epidemic and gradually move from scale growth to quality increase.

The general manager of Huasheng Shuanglang (Beijing) Textile Co., Ltd., which develops antibacterial and deodorant textile fabrics, has made a wish and has been operating cross-border e-commerce business for more than 10 years. She told China Business News that the price increase of raw materials and the appreciation of the renminbi are likely to become the norm for a long time. Their response to rising raw material prices is to provide customers with more alternative fabric solutions out of a full understanding of raw materials.

Xu Xinxian said that they will now lock in the RMB price with their customers in the contract to avoid losses caused by the appreciation of the RMB as much as possible. With the help of platforms such as Alibaba International Station, they will also increase added value and efficiency by strengthening brand building, using a series of programs such as overseas warehouses, rapid foreign exchange settlement, and business loans.