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Appreciation Or Restriction Of China's Textile And Clothing Exports

2011/11/1 16:44:00 20

RMB Appreciation Restricts Export Of Textiles And Garments

In the first three quarters of this year, China's textile industry grew faster than before.

Total output value

The cumulative growth rate remained at around 30%.

But authoritative analysis points out that the uncertain factors of China's textile economic operation are still more in the future.

Learned from the China Textile Industry Association, China's textile enterprises above Designated Size realized in the first three quarters of this year.

Sale

Output value increased by 29% over the same period last year, of which domestic output value increased by 32% compared to the same period last year, and the share of domestic sales accounted for 83% of total sales value, up 1.77 percentage points from the same period last year, which indicates that the supporting role of domestic demand market for China's textile operation continues to consolidate.

Although the economic performance of China's textile industry has generally been stable since the beginning of this year, it has been fluctuated by the price of raw materials and RMB.

appreciation

The impact of factors such as tight money, tight electricity supply, rising labor costs and undesirable demand in the international market has led to an overall decline in production, sales and profit growth.

In the first half of September this year, China exported 186 billion 139 million US dollars of textile and clothing, an increase of 24% over the same period last year.

However, judging from the price performance of export products, the export price of Chinese textile and clothing is affected by factors such as the structural adjustment of exports and the rising cost.

Experts from the statistical center of China Textile Industry Association pointed out that there are still many uncertainties in the future economic operation of China's textile industry: firstly, the fluctuation of raw material cost and price is unstable, and the fluctuation of cotton prices will continue to affect the good link of all links in China's textile industry chain.

Second, uncertainties in global demand increase.

This year, the world economy is still recovering, and the recovery of major economies is also uneven.

The worsening fiscal deficit and debt problem in developed countries has become a chronic disease in the world economy.

At the same time, inflationary pressures are spreading from emerging market countries to developed countries, which has also increased the uncertainty of the economic situation.

In addition, an increase in the depreciation of the US dollar will further accelerate the passive appreciation of the renminbi, and the appreciation of the renminbi will continue to weaken the competitiveness of China's textile and apparel export prices.