Devaluation Of RMB Is Difficult To Change The Declining Trend Of Textile Exports

The difficulties encountered by export enterprises are limited by the devaluation of the renminbi, and it is difficult to completely curb the declining trend of exports.

High expectations should not be placed on this.

Wang Wang, chief editor of the network, told reporters four this year that China

The decline of export growth rate is not caused mainly by the devaluation of Southeast Asian countries and other countries, which has increased their export competitiveness and occupied the share of China's export market.

And foreign demand is weak rather than exchange rate. Therefore, devaluation of the RMB and export tax rebate policy can not ensure effective solution to export problems, but only to help exporters reduce burdens and increase export competitiveness.

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To what extent will it continue to deteriorate?

For example, the US, European Union and Japan's consumer confidence index in September was at its lowest level in two 00 six years.

The turnover of products fell by 39% compared with the previous session, which was against the European Union and

Turnover decreased by 29% and 36% respectively.

Obviously, if external demand drops very much and last for a long time, it will only pass.

The way to stimulate exports is not very effective.

The difficulties encountered by export enterprises will be limited by the devaluation of the renminbi, and it will be difficult to completely curb the declining trend of exports.

Only by taking the initiative of a combination of fiscal policy and monetary policy can the country slow down the shrinkage of the textile economy and help the enterprises to survive.

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