Malaysia'S Fashion Industry Is Affected By The Devaluation Of The Horse Currency.

The impact of the devaluation of the Malaysian dollar on Malaysia's industries is immediately apparent. Food, clothing, housing and property have been spared. Businesses and people are suffering.

At present, the biggest worry is whether the horse currency will continue to run out of control, because it still can't see the limit of Ma.

We hope to build up the economy and restore the confidence of foreign capital.

Malaysia health minister Sue Bama William pointed out that many medicines and medical equipment in Malaysia rely on imports. Even if locally manufactured drugs are imported from Japan, India, the United States and Europe, the depreciation of the malcurrency will lead to an increase in production costs. It is estimated that pressure will rise on prices in early 2016.

Hong Xi, the chairman of the Malaysia fashion wholesale import and Export Association, pointed out that most of the country's fashion industry was settled in RMB. In recent months, the exchange rate of RMB against the RMB has depreciated by 20%, which means that the cost is increased by 20%.

Because of the implementation of the consumption tax and the raging of the Malaysian dollar, and the fact that people's salaries can not catch up with inflation, they have to control consumption expenditure and reduce the purchase of clothing, thus making the turnover of operators plunge by about 50%.

General manager of Malaysia general merchandise Association

Frankly speaking, imported groceries, such as biscuits, sauces, jam, candy and spaghetti, have risen by more than 10% since September.

Liu Qinghe, President of the Malaysia hardware wholesalers Association, pointed out that since July, the price of the hardware wholesalers has fallen by about 20% to 30% since the devaluation of the Ma, and the cost of imports has increased by 20%.

Zhu Bingfa, President of the auto repair Manufacturers Association, said that the import vehicle components had risen by 20% to 30% since September, and locally manufactured, but the auto parts imported from abroad also increased by more than 10%.

Canal prediction, if sales performance in December this year can not be improved, there may be 20%.

And retail businesses will be forced to lay off or even close their businesses due to reduced operating expenses.

The Malaysia flour Manufacturers Association has pointed out that the significant depreciation of the exchange rate against the US dollar and the 80% to 85% production of flour materials, that is, wheat must depend on imports from the United States, Canada and Australia, and the association plans to raise flour prices by about 5% in October 2015.

Wheat prices fell by about 15% to 20% from December 2014 to March 2015. At the same time, the price of Ma was nearly 30%, and the cost of flour increased by 10% to 15%.

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The latest statistics of the General Administration of Customs show that in August this year, the export amount of clothing and accessories in China was 116 billion 727 million 200 thousand yuan. In 1~8 months, the total export volume of clothing and accessories in China was 687 billion 694 million 730 thousand yuan, 6.7% less than that of the same period last year.

"Since the beginning of this year, the number of garment export orders has decreased, especially the number of export orders in the EU region is most obvious, and the number of export orders in the US has remained basically stable.

Our company mainly produces men's suits, and the reduction of export orders directly affects the export profits of the company. "

The head of a garment export enterprise in Guangzhou said.

"We are a major production and export of all kinds of sports clothing enterprises. In the first 8 months of this year, the number of export orders has declined significantly, and the number of large quantities of orders is less and less.

Coupled with rising domestic labor costs and rising raw material costs, garment export business is becoming more and more difficult and the pressure to survive is very large.

A person in charge of garment export enterprises who did not want to be named, sighed.

"Compared with the European Union, the number of export orders in some emerging markets in the Middle East, Latin America and Africa has increased, but the growth rate is relatively small.

Our clothing exports to the United States, the European Union, the Middle East, Latin America, Africa and other countries and regions, although the number of emerging market export orders has risen this year, but the increase is less than the decline in clothing export orders in the European Union, and the export profits of our enterprises can not rise.

A clothing export company in Anhui said.