• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    The Depreciation Of The RMB Against The US Dollar Will Be Beneficial To The Export Of Textiles.

    2012/7/26 10:20:00 29

    TextilesGarment IndustryGarment And Textile

    Recently, the depreciation of RMB against the US dollar is expected to grow stronger. Following the first time that the central parity of RMB touched 1% limit in July 20th, the RMB fell sharply against the US dollar today, and the central parity of RMB against the US dollar hit a new low since June, reaching a limit for 3 consecutive days.

    In the case of RMB devaluation, textile export enterprises are turning around.

    This year China's textiles and

    clothing

    The industry is facing a severe test, the global economic situation is grim, the industry operating costs are rising, exports are shrinking, and profit margins have fallen sharply.

    Now, the clothing and textile industry has welcomed an important piece of good news, which is conducive to stimulating shrinking clothing and textile exports.



    Depreciation of RMB against the US dollar


    The long term appreciation trend of RMB has engulfed enterprises and has made great profits. Because the cost of raw materials, labor and other costs of textile enterprises are all denominated in Renminbi, while the export products are settled in US dollars, the change of export prices of enterprises is difficult to adapt to the accelerated pace of RMB appreciation. Large profit margins have been lost in the foreign exchange settlement links, and even some enterprises often appear to be RMB negative profits after export refund.

    RMB appreciation has forced Chinese clothing (000902) textile enterprises to continuously improve their export quotations, resulting in the decline in export growth of their products. Meanwhile, some export markets have been lost under the competition of new textile exporting powers such as India and Pakistan.



    {page_break}


    In China's textile and clothing export structure, exports to the United States account for only 14%, and exports to the EU and Japan account for 20% and 11% respectively. While paying attention to the change of the exchange rate of RMB against the US dollar, we should not ignore the impact of the change of RMB to the euro and yen exchange rate on the industry's exports.


    Although the depreciation of the RMB against the US dollar is a positive impact on the textile listed companies, the duration of this depreciation is more concerned.

    Zhang Meng said: "we do not think there is much room for depreciation of the RMB against the US dollar in the future."


    Because the depreciation of the euro to the RMB is bigger, and the European economy is sluggish, the larger export companies will be adversely affected.

    In the listed companies, the textile and garment industries such as Lu Tai A, URI (002083), Rebecca (600439), YOUNGOR (600177) and Jin Feida, TCL group of home appliance industry, GREE electric appliances (000651), Yihua wood industry (600978) of furniture industry, and Meck shares (600337) and so on, have exported more to the United States.

    According to the 2011 Annual Report, Ji Xin Technology (601218), Gao Le share (002348), Hongye share (600128), Jiangsu Shendan (600287), Sifang Da (300179), Xing Hui car model (300043), lion Technology (002684), Zhejiang Yongqiang (002489) and sainty shipping (002608) are more dependent on European exports.



    Zhejiang exporters' willingness to settle foreign exchange in future


    Zhejiang is a big province of export enterprises. In the past few years, many export enterprises are very familiar with these exchange rate locking tools.

    "Many business owners will immediately come to the bank to handle the long-term settlement business after signing a one year contract to lock in the settlement price."

    A bank official in Hangzhou told reporters that in the past few years, the renminbi was basically a unilateral appreciation of the US dollar. The later the settlement time of the export enterprises, the greater the exchange rate losses.


    However, since the first half of this year, many export enterprises are reluctant to make long-term settlement business.

    According to bank sources, nearly half of the export enterprises no longer lock forward exchange rates, and their willingness to settle foreign exchange is also significantly reduced.

    Among them, a small number of enterprises choose cross-border RMB settlement to avoid exchange rate risk, while more enterprises think that the appreciation of the renminbi is almost the same.


    Despite the devaluation of the yuan against the US dollar in the first half of the year, many market participants still did not change the expectation of long-term appreciation of the RMB.

    "The depreciation of the renminbi in the first half of this year is mainly due to a series of chain reactions triggered by the European debt crisis. The US dollar has risen strongly, and the renminbi has fallen to a certain level following the euro.

    In addition, the domestic economic data is not ideal, is also a reason. "

    Wang Yin believes that after 7 years of appreciation, the RMB has accumulated a larger appreciation of the dollar, and there will be some fluctuations in the short run.

    However, with the internationalization of RMB, the RMB should have a driving force for appreciation in the medium and long term.

    • Related reading

    A Review Of The Slow Recovery Of The Global Textile And Garment Market

    Other
    |
    2012/7/26 8:45:00
    35

    The Impact Of The British Industrial Revolution On The Clothing Industry

    Other
    |
    2012/7/25 10:54:00
    230

    Artificial Fiber Is An Important Factor Affecting Global Cotton Production.

    Other
    |
    2012/7/25 10:21:00
    39

    美國棉花產量可能大幅下降

    Other
    |
    2012/7/25 10:03:00
    63

    Brazil Continues To Disagree With Us On Subsidizing Cotton Exports To The US.

    Other
    |
    2012/7/25 9:12:00
    29
    Read the next article

    Italy Shoe Makers Are Optimistic About China'S High-End Consumer Market.

    Recently, the consumption of Chinese consumer goods has been declining. It has become the focus of media attention. But Italy shoe manufacturers still have confidence in China's high-end market. Because Italy shoes are famous for their design and taste, they have relatively stable consumer groups, so the impact of consumption decline should not be too great.

    主站蜘蛛池模板: 日韩精品无码一区二区三区AV| 黄色网址免费在线| 小少呦萝粉国产| 久久国产精品二国产精品| 欧美日韩高清性色生活片| 免费现黄频在线观看国产| 色国产精品一区在线观看| 国产激情久久久久影院小草| 99精品视频在线观看免费专区| 无人视频在线观看免费播放影院| 亚洲av日韩精品久久久久久久| 清纯女神被老头耸动| 冬日恋歌国语版20集中文版| 视频一区视频二区制服丝袜| 国产无遮挡又黄又爽高清视| 91最新高端约会系列178| 女警骆冰被黑人调教免费阅读小说| 久久免费观看国产精品| 最近最好的中文字幕2019免费| 亚洲精品亚洲人成在线观看麻豆| 精品国产一区二区三区无码| 国产精品久久久久久影视| 99久久精品美女高潮喷水| 好大好深别停视频视频| 中国大白屁股ass| 日本三级午夜理伦三级三| 久久精品国产亚洲av电影网| 樱花草在线播放免费| 亚洲国产精品一区二区三区久久 | 美女被免费网站91色| 国产女人高潮叫床视频| 亚洲欧美日韩国产一区图片 | 夜夜春宵伴娇全文阅读| 一级日本黄色片| 成人精品一区二区三区校园激情 | 啊灬啊灬别停啊灬用力啊在线观看| 香港三级午夜理伦三级99| 国产成人无码AⅤ片在线观看 | 在线天堂av影院| 国产精品福利一区二区久久| 91成人试看福利体验区|