Export Of Chinese Textile And Garment Products Is Blocked (2)

According to customs statistics, in the first 4 months of this year, the total value of China's imports and exports was US $855 billion 990 million, of which exports were US $436 billion 50 million, an increase of 29.2%. In the bilateral trade of the main trading partners, the EU is China's largest trading partner in 1-4 months. The total trade volume between China and the EU is US $137 billion 770 million, an increase of 34.6%, of which the export growth is 30.4%. Over the same period, the total trade between China and the United States was 107 billion 180 million US dollars, an increase of 25%. In the 25 countries or regions being counted, EU export growth is only nineteenth.

However, some scholars in China do not seem too worried about the appreciation of the renminbi. Chinese Academy of Social Sciences Song Hong, director of the International Trade Research Institute of the world economic and political institute, believes that the European debt crisis has not yet reached the level of the real economy. It is different from the financial crisis. financial crisis This is the result of a primary downturn. Now this debt crisis is a problem in the process of stimulating economic growth, and the impact is much smaller. Even if it has an impact on the real economy, it will take a long time.

On the whole, the appreciation of the renminbi will first affect China's exports, but a moderate appreciation is not unbearable. Chen Lu, chief economist of Haitong Securities macroeconomic, believes that the biggest problem for export enterprises is the rising cost and inadequate operating rate caused by the shortage of labor force, rather than the order problem before. At this time, a modest appreciation of the renminbi may be more beneficial.

　　 Export textile enterprises Dealing with exchange rate fluctuations

The impact of European sovereign debt crisis on China's foreign trade will be more serious. Huo Jianguo, President of the Ministry of Commerce, said that it is expected that in 5, June, and even the third quarter, the performance will be more obvious, and my export growth to Europe may be down by 6-7%.

Obviously, in this export crisis, the export of our textile and garment enterprises will face the blow from Europe after the US.

According to the latest data released by the Ministry of Commerce, in 2009, the total value of imports of textiles and raw materials from the 27 countries of the European Union decreased by 6.2% compared with the same period last year, but still reached 42 billion 832 million US dollars. China has become the largest source country of imported textiles and raw materials from the 27 countries of the European Union, and the amount of textiles and raw materials imported from China accounts for 41.1% of the total value of the EU's imports. Data show that in recent years, the share of China's textile and clothing exports to Europe has been maintained at around 20% of the total volume.