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The Renminbi Is Accelerating To Catch Up With &Nbsp, And The Textile Industry'S Negative Factors Are Weakening.

2011/10/26 23:50:00 26

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RMB To Catch Up With The Textile Industry

RMB versus US dollar in October 25th

Exchange rate intermediate price

6.3425, once again set a new high since the reform.

In the face of the current record of the RMB dollar exchange rate, how does it affect the stock market? How should we deal with the impact of RMB appreciation on the stock market?

RMB is accelerating to catch up will not appreciate blindly.

Many people have such an idea that they have been rising unilaterally in the course of trading against the US dollar.

situation

Some netizens are even pessimistic about whether the appreciation of the renminbi will follow the same period of yen appreciation.

In this regard, Tan can think that there is no need to worry so much that the collapse will not happen. The economy of a country is not a trifling matter, and it will not end with a crash.

And if the market thinks that the renminbi is a bad factor, then it is a good start to catch up.

She also pointed out that we have been appreciating for nearly 7 years since the exchange rate reform. If it is based on this length, then the latter appreciation will be a short process.

But if measured in months, it is still accelerating.

Catch up state

。

When it comes to the fact that the RMB is rising too fast against the US dollar, Tan can point out that the price parity of the renminbi against the US dollar is one-sided, because it involves political factors, but now it is a process of economic growth in the major economies of the world.

From the macro point of view, the space for RMB appreciation continues to be small in the future.

The impact of RMB appreciation on textile industry

Tan Ke (micro-blog) said in an interview that the appreciation of the renminbi is a bad factor for the textile and garment industry, resulting in a setback in exports, which in the short term will lead to an increase in export commodity prices and less competitiveness in the international market.

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From a lengthening point of view, due to other factors such as wages and land costs, our exports are already moving away from the scale effect, and the volume of trade in the future will be greatly reduced. Secondly, the pformation of the internal structure to consumer services will also greatly reduce the export enterprises. In the long term perspective, we will face a slowdown in the appreciation of the renminbi.

depreciation

。

She emphasized again that the appreciation is mainly affecting the export or import large enterprises. The retail investors are more difficult to judge the international environment and can participate in some non cyclical and stable consumer stocks.

When asked if the RMB appreciation is favorable to those sectors, Tam can say that the import industry of raw materials or components will also benefit from it, such as paper making (pulp imports), iron and steel (iron ore imports), cars (importation of some important parts), petrochemicals (crude oil imports), chemical fiber and plastics (raw material import), aviation (import of aviation equipment), high-end clothing imports of garments, etc.

At the same time, she also said that the upgrading of the Renminbi should make a specific analysis of different companies, depending on how big the dependence of the buying companies on exports is, and the logic and characteristics of the textile and clothing investment in the textile and garment sector are also different.

Finally, Tan can point out that the renminbi has appreciated for so long now that the expectation of continued appreciation in the future is weakening.

At present, the negative factors on the overall quality of the textile sector are weakening.