Solutions:
One is to opt for agencies when exporting, transferring risks to those foreign trade companies.
Second is to raise the product value-add, to implement diversified market structure, and to reset export destination toward those economically developed countries and regions like Korea, Saudi Arabia, Dubai, instead of Russia. Because these countries and regions have strong purchasing power, as long as the product enjoys good quality, they generally won't mind if the price goes up a little bit.
Three, To make it clear in the contract that except for deposits, payment for goods should be paid according to that day's exchange rate. For instance 30% as deposits are paid in advance, then the remaining 70% will have to be settled with RMB according to the exchange rate in that particular day.
Four, due to the fact that the majority of export of our country is processing trade, exported goods usually have a high proportion of raw materials that are imported. Hence although RMB appreciation has made end product less competitive in terms of price, we can buy more raw materials and intermediary products. Therefore the impact of RMB appreciation on export competitiveness is limited.
Five, make use of RMB appreciation to enhance investment capability of companies in the overseas market, to carve out sales channels, and to broaden overseas investment. By doing so it will not noly bring down production cost of those firms who use high proportion of imported material in production, but also step up Chinese enterprises' internationalization process.