War Of Textile And Clothing Trade: External Demand Is Sluggish, RMB Appreciation Continues

< p > aiming at the decline in the growth rate of foreign trade and imports in May, Shen Danyang, spokesman of the Ministry of Commerce, gave a reason for the decline of the "a href=" http://sjfzxm.com/news/index_c.asp "export < /a" at a regular press conference held in June 18th: the continued appreciation of the RMB and the continued downturn in the international market.

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< p > < strong > RMB appreciation has an adverse effect < /strong > < /p >

< p > according to the statistics of the General Administration of customs, the total import and export volume in May increased by only 4%, and exports increased by 1%, slowing by 10 and 14 percentage points respectively over the same period in May 2012.

"The continued rapid appreciation of the renminbi has affected export orders in the first few months.

Due to the sharp narrowing of export profit margins, the lack of confidence in business operation has been very prominent in the past few months.

At the 113rd session of the Canton Fair, the number of short and medium staple accounts for 83.7%.

Shen Danyang said at a news conference.

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< p > according to the introduction, the Ministry of Commerce has made a questionnaire survey on the more than 1000 enterprises that have focused on the current foreign trade situation. The survey has received 1015 enterprises' feedback, which accounts for about 8% of the total export volume of the country.

In response to the "current main factors affecting exports", up to 73.4% of the surveyed enterprises considered RMB appreciation.

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"The appreciation of the RMB, on the one hand, is the impact of price competitiveness; on the other hand, the appreciation of the receivable cycle will lead to a reduction in the profits of the enterprise," said Luo Yan, an exhibitor of Chengdu a target= "_blank" "href=" "href=" and "http://www.91se91.com/".

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< p > Shen Danyang said that from the perspective of the specific impact of RMB appreciation on enterprises, 83.7% of the surveyed enterprises reflected the decline in export profits, 50.7% of the enterprises' orders decreased, and 38.1% of the enterprises only dared to take short orders and did not dare to take long orders. 21.2% of the enterprises did not dare to take orders or were forced to give up their performance.

"This not only directly affects the growth rate of exports in May, but also is expected to adversely affect exports for a few months."

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< p >, Shen Danyang said that the recent competition of Japan and other countries in implementing quantitative easing policy and interest rate reduction is the external factor leading to the forced appreciation of some countries including China.

"Quantitative easing monetary policy implemented by some countries in recent years will help to promote economic recovery to some extent. However, under the current world economic situation, the negative spillover effect of this monetary policy on other countries is more obvious.

It is hoped that all countries can follow the joint statement of G20 central bank governor and finance minister to minimize the negative spillover effect of their monetary policy on other countries, especially to resolutely resist competitive devaluation.

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< p > < strong > external demand is not strong > /strong > /p >

< p > strong > external demand is another reason for the impact of China's foreign trade.

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< p > Shen Danyang said: "in recent months, the situation of insufficient global effective demand has become more serious."

He said that the World Trade Organization recently released statistics show that in the first quarter, the import and export volume of global merchandise trade decreased by 0.44% and 0.03% respectively.

In the main developed economies, imports from the US, EU and Japan showed negative growth, falling by 2.6%, 6.2% and 7.2% respectively, and this trend is still continuing.

"The growth of China's foreign trade in the first 4 months of this year largely benefited from the stable policies of foreign trade since last year and the recovery of part of the external demand market, but these favorable factors were basically exhausted in May."

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< p > Shen Danyang responded to the so-called trade expansion and the issue of Hong Kong trade which the media was concerned about.

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< p > Shen Danyang said: "since the fourth quarter of last year, the trade between the mainland and Hongkong has increased greatly.

Some of them are realized through the special customs supervision area, which is realized by the "arbitrage trade" in the current media.

This has led to an abnormal growth in the mainland's trade with the mainland over the past several months.

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< p > Shen Danyang revealed that the Ministry of commerce rapidly launched research and investigation after finding abnormal growth.

"The conclusion is that this so-called arbitrage trade is not like some media analysis is to cheat" a href= "http://sjfzxm.com/news/index_q.asp" export tax rebate < /a >, but if allowed to develop, it will be harmful to the normal economic order and foreign trade. "

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< p > > therefore, the Ministry of Commerce has combined with other relevant departments and local authorities to analyze the reasons and propose solutions.

The mainland's growth in trade with Hong Kong in May has dropped sharply, which is the so-called "arbitrage trade" against Hong Kong.

"Of course, this decline also has the current general trade situation is not good, and the reason for the obvious weakness of the import and export growth of the whole country in the month of May is not entirely the" arbitrage trade ".

Shen Danyang added.

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