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RMB "Broken Seven" Survey: Domestic And Foreign Troubles Of A Pair Of Trousers

2008/4/11 14:24:00 17

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RMB "Broken Seven" Survey: A Pair Of Trousers Internal And External Troubles.

In fact, the impact of RMB appreciation on the labor-intensive manufacturing industry, especially the textile and garment industry, is the biggest.

Coupled with the shrinking export of products and the rising cost of raw materials and labor, it can be said that China's textile and garment industry is facing a difficult situation.

Guangdong is the largest exporter of textile and clothing in China. Dayong Town, located in Zhongshan, is currently one of the world's jeans production base.

When the reporter came here to interview, the owner of the clothing company only took a pair of trousers with a cost of 50 yuan as an example.

The head of a garment enterprise in Guangdong said, "compared with the trousers, we have a profit of about 5 yuan in the original profits. Now the situation has changed, and the cost of employees has already taken up a profit of a dollar. Raw materials are about one yuan (up)."

After the Spring Festival, the average wages of textile workers in Dayong town reached 1700 yuan per month, 20%. higher than that of last year. Besides, the price of cotton and cotton yarn, the most important raw material in the textile industry, also rose. The average cotton imports per ton increased by more than 2000 yuan.

The rise of these two prices has allowed enterprises to reduce profits by 2 yuan.

In addition, there is also a large profit shrunk, that is, the appreciation of the RMB against the US dollar.

The head of a clothing company in Guangdong said: "(also) the exchange rate problem, compared with this year's first half of last year, also has a difference of 3 yuan or 5."

Since the first half of last year, the exchange rate of the US dollar to RMB has changed from 1 to 7.4 to seven today, which means that the company has earned less than US $0.5.

At today's exchange rate, the equivalent of US $0.5 to RMB is 3.5 yuan.

Together, these factors are equivalent to producing a pair of trousers now. The production cost of garment enterprises will increase by 5.5 yuan. At present, the profit margin of producing a pair of trousers is about 5 yuan.

A person in charge of a clothing enterprise in Guangdong said, "the pressure is too great, and doing is losing money."

At the same time, these garment manufacturers are also facing "foreign invasion". Now, India, Vietnam, even Turkey and other countries have begun to grab the garment processing market, by contrast, their labor costs are relatively cheaper, and thus have taken away a large number of orders.

//c