Guangdong Textile Industry Is Running Low.

Xie Deguang, general manager of Dongguan Hong Li Huang Weaving Co., Ltd., said that the sweaters and other products produced by the company were exported to the United States 99%, and the order was settled in US dollars. The appreciation of the renminbi was only one exchange rate, which allowed the company to lose 5 million yuan a year (RMB, the same below), plus the cost of raw materials and labor increased by more than 20%. He regretted, "many enterprises are operating difficulties. Before that, there were many textile factories around our company, but now the closure of the closure and the relocation of relocation are left for us."

According to statistics released by the customs, in the first five months of this year, Guangdong's textile and clothing exports were 11 billion 510 million US dollars, down 15.7% from the same period last year, and the growth rate also dropped by 40.3%.

The industry pointed out that at present, 2/3 of the textile industry's profit margin is only 0.62%. If the government fails to help, these enterprises will soon fall into a desperate situation, and the employment of about 15 million people will be threatened.

At the same time, the Pearl River Delta's footwear export enterprises have been reduced by nearly half.

Since last year, under the multiple attack of export tax rebate reduction and processing trade policy adjustment, RMB appreciation, labor costs rising rapidly and the increasingly fierce competition in the footwear industry, the footwear export enterprises in the Pearl River Delta region have dropped by 2331 to 2428 in the first five months of this year. Nearly half of the export enterprises have no export performance this year.

In addition, Global Sources released yesterday's "China procurement information report - craft gifts" results show that 76% of the surveyed handicraft suppliers believe that the appreciation of the renminbi and the rising cost of raw materials become the main challenges they face in the coming months. 92% of the Greater China region craft gift suppliers plan to raise their export prices in the coming months, of which 75% of the supplier plans increase by 1% to 10%.

The report covers product types including desktop statues, miniature replicas, decorations and wall hanging articles.

According to the report, 30% of the suppliers of craft gifts surveyed believe that the RMB exchange rate against the US dollar is the main challenge in the coming months; 26%, it is the rising cost of raw materials; 21%, the design of plagiarism and piracy; 13%, the price competition; and 10%, the rise in labor costs.