It'S A Good Thing For Textile And Garment Enterprises To Break 6.5 In The Middle Price.

In the textile sector, the depreciation of the renminbi will not only benefit the export oriented textile enterprises to release profits, but also restore growth. According to the relevant calculations, the depreciation of RMB 1% will raise net profit by 2%~6%.

According to the survey and analysis of Nantong clothing chamber of Commerce, it is concluded that the fluctuation of the RMB exchange rate per percentage point affects the net profit of the industry by about 4.5%.

For the labor-intensive enterprises with low profit margins, the depreciation of more than 6% of the RMB exchange rate is a huge positive.

"The devaluation of the RMB has given us greater discount space for our customers," Mr. Xie told reporters. "We have been working with us for many years. Now, even if the demand is not good, there are not many customer churn. In this case, we will make some small concessions to the old customers before the order has been signed, which has not yet been delivered."

However, for the industry that is facing the ambush of Southeast Asian low price goods, the significance of depreciation is not very big.

Earlier, the central bank's official said, "after the extension of the foreign exchange paction time,

Sex may still be dominated by daytime trading over a long period of time, and it can reflect the true supply and demand situation in China's foreign exchange market.

The liquidity of the night trade is relatively poor, which may cause the market to fluctuate greatly, and the exchange rate is liable to distort or even be manipulated.

Since the start of the new round of RMB exchange rate reform in August, the fluctuation of RMB exchange rate has been strengthened, and roller coaster market has frequently appeared in trading days. On the last trading day, that is, in December 31, 2015, the offshore RMB against the US dollar dropped by about 9: 00 in early trading, and dropped 140 basis points to 6.5872.

Around 3 p.m., there was a reversal of 200 basis points again, narrowing to 50 basis points.

On the same day, the RMB in the onshore market dropped 30 basis points against the US dollar, after a day, the offshore RMB against the US dollar fell below the 6.6 barrier.

In 2015, the central parity of RMB against the US dollar depreciated by 5.7%.

It depreciated by 4.46%.

"It's a great thing for the exporter."

Mr. Xie, the head of the export of a bag trading company in Zhuhai, is particularly happy, "we use US dollars to settle down, and we do not lock the exchange rate, so we will make a little bit more. Today, we can earn tens of thousands more in every minute."

The importers frowned.

A European brand food and beverage agent in Beijing told reporters that "we have already encountered the winter market, and now that the renminbi is depreciating, we have to raise the price of the channel."

In the industry's view, the biggest beneficiary of the depreciation of the RMB exchange rate is export oriented enterprises.

Clothing, toys, household appliances and other industries led.

"Devaluation will have an impact on our foreign exchange settlement, and we may earn a little bit of exchange rate difference. But at a deeper level, our manufacturing industry bears the pressure of labor and raw material costs, and the impact of the entire international economic environment. A little fluctuation in exchange rate can not allow existing customers to ignore their own situation and suddenly increase their orders on a large scale."

Furniture industry foreign trade manager Zhang Xuekai introduced, "what I know is the furniture manufacturing factory in Guangzhou. The situation is that three or four of the ten households have moved to Southeast Asia, because there are cheaper raw materials and labor there, and the cost brought down by this industry shift is that the depreciation of the renminbi can not bring us anything. What we can do is improve the quality, control the raw materials and labor costs".