Increasing pressure on textile and apparel industry

If the 2% appreciation of the renminbi, after sharing with customers after price increases, and fold the cost of each garment exports increased by about two cents, we can make it,the bride dress for mother but once the appreciation of more than 5%, it will be difficult to bear. "

    The export of a pair of jeans to sell $ 8, profit up being all costs "eating" was only a few cents, if more than 5% appreciation of the renminbi, its "owner" - the export processing enterprises will be abandoned due to inability to absorb the cost and Single.

    RMB appreciation is like a double edged sword.

    "Any degree of further appreciation of RMB are likely to make exporters bankruptcy, which is unaffordable." Zhong Shan, Vice Minister of Commerce recently the case said. He takes "if the water is heated to 99 ℃, not boiling; but if we continue to rise 1 ℃,bridal gowns online store the water will boil," the vivid metaphor to describe the fragility of the situation faced by Chinese exporters.

    January 30, the National Development and Reform Commission Department of Industry published an article that under the influence of adverse factors in the multi-year economic operation of China's textile industry more difficult to maintain steady growth. Pressure of RMB appreciation as one of negative factors,bridal store online China's textile and apparel will weaken the competitive advantage in the international market.

    China Textile Industry Association vice president Gao Yong recent interview, said that at present the textile industry, the average net profit margin of 3% to 4%, not more than 5%, if the yuan appreciated more than 5 points, there will be half more enterprises have a strong impact. If the future of cotton import quotas do not open properly, then the textile industry appears in the yuan revaluation may occur after the loss of a large number of orders, average profit will be zero.

    Is not only the textile and garment industry, toys, shoes, bags,the online bridal store electronics and other industries are worried about eating out a meager appreciation of the renminbi profits.