The Pain Of RMB Appreciation Is &Nbsp; The Pressure Of Textile And Garment Industry Is Huge.
"If RMB appreciates by 2%, it can be folded into each item after sharing with the customer's price. clothes The cost of exports will increase by about 20 Fen. We can still afford it, but once the appreciation is over 5%, it will be difficult to bear. "
A $8 sale.
Exit
Jeans, whose profits are being eaten up by all kinds of rising costs, is only a few cents. Once the appreciation of RMB exceeds 5%, its "home" - export processing enterprise will be abandoned because of its inability to digest costs.
RMB
appreciation
Just like a double-edged sword.
"Any further appreciation of the renminbi may bankrupt exporters, which is not affordable to China."
Vice Minister of Commerce, Zijin Mountain, said recently.
He said, "if the water is heated to 99 degrees, it will not boil, but if it continues to rise 1 degrees, the water will boil", which is a metaphor for the fragile situation faced by Chinese exporters.
In January 30th, the national development and Reform Commission Industry Coordination Division published an article saying that under the influence of multiple unfavorable factors, the economic operation of China's textile industry this year will maintain a steady growth.
The pressure of RMB appreciation will become one of the unfavorable factors, which will weaken the competitive advantage of China's textile and apparel in the international market.
Gao Yong, vice chairman of the China Textile Industry Association, said in an interview recently that the average net profit margin of the entire textile industry is now at 3%~4%, and will not exceed 5%. If RMB appreciation exceeds 5 points, more than half of the enterprises will be strongly affected.
If the import quota of cotton in the future is not properly liberalized, then the textile industry may lose a large number of orders after the appreciation of the renminbi, and the average profit will return to zero.
Not only is the textile and garment industry, toys, shoes, bags, electronics and other industries are worried about the appreciation of the renminbi to eat up the meager profits.
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