RMB Appreciation Accelerated &Nbsp; Sichuan Footwear Exports Showed Negative Growth.

China

The impact of a small and medium-sized shoe factory nearly 10%

"The appreciation of the renminbi has great impact on the labor-intensive export enterprises in Sichuan, such as textile and footwear industries."

Sichuan province commerce department foreign trade department responsible person said.

According to the statistics released recently by Chengdu customs, the export volume of Sichuan's clothing and shoes and shoes had a negative growth from 1 to May this year. Sichuan exported shoes and boots 250 million dollars, down 9.7%; export garments and accessories 380 million dollars, a sharp decrease of 58.6%.

"This year, the Chengdu shoe industry border trade order has dropped by 50%. As far as I know, in 1 years, the small shoe factory has fallen nearly 10%."

The relevant person in charge of Wuhou Branch of Chengdu Dan Lu shoes industry Co., Ltd. said that the Chengdu shoe factory mainly used RMB and US dollar as settlement currency. In the past 1 years, in order to avoid the risk brought by RMB appreciation, Chengdu shoe factories often settled at the exchange rate at the date of signing the order.

Although this approach helps to pfer the risk of RMB appreciation to customers, it also directly reduces the order quantity of customers.

"For example, border trade (Russia, etc.), now the main winter order, before the amount of 50 thousand pairs, but now the RMB appreciation is expected to be very high, customers directly reduce the order to 20 thousand pairs."

Two, outbound travel increased by 30%

RMB appreciation is also advantageous, and for the outbound tourists, the appreciation of the renminbi is undoubtedly a good thing.

"Over the past 1 years, Chengdu has outbound 30% of its outbound travel."

China cypress [12.18 -2.56% shares] Chengdu company relevant person in charge laughs, the RMB to get foreign flowers more valuable, will undoubtedly greatly promote the enthusiasm of Chengdu consumers outbound travel.

For example, she said, last year, the price of the regular regiment to Europe 12 to 15 days was around 13 thousand yuan. With the appreciation of the renminbi, the current price is 11 thousand yuan, which is 1000 yuan cheaper.

"More than half of Chengdu's outbound tourism goes to Europe, and the appreciation of the renminbi also promotes the purchasing power of these consumers in Europe."

Reopening exchange reformed 1 years RMB appreciation exceeds 5.5%

In June 19th last year, the people's Bank of China announced that it should further promote the reform of the RMB exchange rate formation mechanism, that is, "restarting exchange rate system reform".

Over the past 1 years, the RMB exchange rate against the US dollar has appreciated by more than 5.5%.

Over the past 1 years, the trend of RMB exchange rate has shown two notable characteristics of "broken step" appreciation and two-way floating.

Data show that after the second trading days after the reopening of the exchange rate, the central parity of the RMB against the US dollar has risen by 295 basis points, breaking through the 6.80 pass in one fell swoop. The same day the wave amplitude is close to 0.5%, creating the highest volatility since the resumption of the foreign exchange reform.

Then, in January 13th of this year, the central parity of RMB against the US dollar broke through the 6.60 pass, and in April 29th, it broke through 6.50 again, and the appreciation of "broken step" was obvious.

In addition, the appreciation of the renminbi also shows a two-way floating characteristics.

Statistics show that in the past more than 200 trading days, the central parity of the RMB against the US dollar appreciated by 147 trading days, and the 92 trading days depreciated.