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RMB Appreciation Threatens The Continued Appreciation Of China'S Export Trade, Which Is Nothing More Than Monetary Suicide.

Because of the large dependence on exports and low average profit margins, the negative impact of appreciation of the RMB on the textile and garment industry can not be ignored. According to the estimation of the relevant institutions, the appreciation of cotton will be reduced by about 12%, and the wool textile industry will drop by about 8%, and the garment industry will be reduced by about 1%. RMB appreciation threatens China's export trade, and continuing appreciation is nothing less tha