The US Senate Passed The Currency Reform Bill &Nbsp; Textile Foreign Trade Enterprises Are Facing A New Round Of Pressure Challenge.

It is reported that in October 11, 2011 the United States Senate voted 63 votes in favour of 35 votes, and passed the 2011 currency exchange rate supervision reform bill.

The main content of the bill is that the US government should impose punitive tariffs on the so-called "undervalued" trading partners.

It is widely believed that the move is mainly aimed at China, which is aimed at forcing the renminbi to accelerate appreciation.

After approval by the Senate, the bill needs to be passed in the house of Representatives and signed by President Obama.

The bill is directed at the renminbi.

In the post financial crisis era, the US wants to use the exchange rate as a "blockbuster" to "correct" the trend of Sino US trade relations and reverse the trend of US trade deficit with China.

According to the survey conducted by various export industries in Shanghai, according to the survey of various export industries, when the cost and price of other production factors remain unchanged, the profit of RMB will be reduced by 1% by 1 percentage points.

According to different industries, technical patent enterprises have better compressive strength in this respect, while the relatively labor-intensive industries have less pressure on the appreciation of the renminbi.

The textile industry has always been the basic industry of China's export. As a typical labor-intensive industry, the textile industry has played a decisive role in the development of China's foreign trade. However, in 2011, with the continuous weakening of the international market, the textile industry suffered an unprecedented blow.

According to the latest statistics, the export of knitted fabrics to the United States in 1-8 months is 190 million meters and the export amount is 240 million US dollars.

Exports in April of this year amounted to 40 million 560 thousand US dollars and exports to US $20 million 200 thousand in August, which has been on a downward trend since April.

Although the average export price increased year-on-year, the growth rate slowed down obviously, of which 3.15% fell by July.

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