Devaluation Of RMB Deferred The Cost Pressure Of Textile Export Enterprises

< p > although RMB a href= "http://www.91se91.com/news/index_c.asp" > depreciation "/a" did not immediately bring about a marked increase in export orders, it still reduced export cost pressure. This is a good news for textile and garment enterprises, and to a certain extent, buffers the pressure brought by this year's rising labor costs and so on.

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Lu Longsheng, chairman and general manager of Shanghai P import and Export Co., Ltd. told reporters yesterday that although the depreciation of RMB has a certain impact on the import business of the company, the export business of the company has accounted for more than 90%, and the company's import business has basically taken forward lock in, so the depreciation of the RMB is good for the company as a whole.

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"P" "last year and January this year, our exports have declined slightly, which is normal for us to go to a large scale textile and garment foreign trade enterprises. We have made a series of adjustments in the interior according to our own situation, and have added some new companies. This year we should be in a relatively stable development trend.

At present, orders are still lacking. The key is the rapid increase in labor costs and profits, and the profit is getting thinner. We have some trade-offs between orders, and some companies in neighboring countries have gone to Vietnam and other Southeast Asian countries to set up factories.

Lu Longsheng said that despite the decline in orders in the Japanese market, orders from Europe and the US are showing signs of recovery. The depreciation of the Renminbi should help the next step in the business.

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< p > February 28th, the a href= "http://www.91se91.com/news/index_c.asp" > RMB against the US dollar < /a > spot rate again suffered a sharp fall in early trading. After 6.1275 opening, it depreciated all the way, and then dropped 6.13 to 6.17, the lowest in the intraday price dropped to 6.1808, and the daily decline was once as high as 533 basis points. Last week, it dropped 0.87%, both of which set a record since 2005.

Since the beginning of this year, the depreciation rate of spot exchange rate has exceeded 1.5%.

Since the beginning of this year, the depreciation rate of the central parity has been about 0.4%.

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< p > Wang Yisheng, director of Lotte children's clothing, told me that although he did not increase the order immediately, he was still very happy. The depreciation of the RMB made him suddenly make a small profit and the profit margin increased by about 1%.

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< p > "we have settled in US dollars. This year's clothing orders in spring and summer have already been allocated to us by some customers in advance. On the books, we have improved our profits. We are prepared to convert some US dollars into Renminbi this week to prevent future RMB appreciation.

Some of our customers are not in a hurry to place the order in the next few days, but have begun to take the opportunity to convert some US dollars into Renminbi in the presence of mainland banks, on the one hand, to replenish the goods. On the other hand, the interest of the mainland banks is also higher than that of Hongkong and other places, especially in Southeast Asian countries. This situation is quite large, but because of the risk, the exchange amount will not be very large, and the order volume will not be very large, so the big orders are basically split into one sheet.

Wang Yisheng said.

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< p > Wang Yi talked about survival. From the current situation, < a href= "http://www.91se91.com/news/index_c.asp" > export cost < /a > pressure has been reduced, but labor cost pressure is still very large. Dongguan, Foshan and other PRD regions are still very strict. The price of garment factories this year is about 20% higher than that of last year.

A number of factories which have worked with Lotte children's clothing for a long time, the monthly salary of some skilled workers has risen to around 4000 yuan, and it may not be able to recruit workers. The number of workers who lost more jobs every year than that of people who came in, and the high salary of garment factories is getting more and more serious, which has further pushed up the wages of workers.

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< p > this year, market orders in Europe and the United States have continued to recover, and China's textile and apparel exports have started well.

Customs data show that in January 2014, textile exports grew by 13% compared to the same period last year, and clothing exports increased by 14.3% compared with the same period last year. Zhang Xian, Secretary General of the China Textiles Import and Export Chamber of Commerce, said that the export data of textile industry in January increased by a large margin, indicating that the export market continued to warm up, and the export situation of the industry would be better than that in 2013.

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Jiang Hui, President of the China Textiles Import and Export Association, said in an interview with the media that the chamber of Commerce has reported to the Ministry of Commerce about the 8% year-on-year export growth target in 2014, but its industry export growth is expected to reach 10% or so over the same period in the year of P.

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