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RMB Appreciation &Nbsp; Textile And Clothing Export Prices Rise.

2011/8/20 15:41:00 39

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Appreciation Of Textile Prices

In standard

Poole

After downgrading US bonds, the United States

Federal Reserve

He immediately reiterated that the policy of maintaining low interest rates remained unchanged.

Under the influence of various internal and external factors, the RMB exchange rate against the US dollar has risen sharply in recent years.

At the same time, a number of international and domestic institutions have announced an increase in expectations for the appreciation of the RMB exchange rate. The central parity of the RMB against the US dollar has risen by at least 5%-6% this year.

According to statistics of Customs General Administration, China's textile and apparel exports totaled US $137 billion 719 million in 1~7 months in 2011, an increase of 25.60% over the same period last year.

Among them, the export of textiles was US $54 billion 603 million, an increase of 27.49% over the same period, and exports of clothing and accessories reached US $83 billion 116 million, up 24.39% over the same period last year.

The main reason for the large increase in exports is the substantial increase in the price of export products.

As a result, the RMB exchange rate in the first half of the year has little effect on the export of textile and clothing, mainly due to the rising price of raw materials of textile and clothing to a certain extent.

With the decline of raw material prices in the two quarter, the contract price of export products will also gradually decline, which will affect the growth of export volume in the future.

Range

。

Because of the industrial chain factors, the growth rate of textile exports in July took the lead in slowing down.

Although the volume of clothing exports increased by 24.37%, an increase of 6.92 percentage points over the same period last year, it was due to the decline in clothing export prices.

Hysteresis

The growth rate of clothing export will also slow down in the coming months.