RMB Has Embarked On The Road Of Devaluation, And Domestic Garment Enterprises Have Become Big Winners?

Recently, the appreciation of RMB for eight years has stopped abruptly and embarked on the road of depreciation.

As we all know, in the past few years, the impact of RMB appreciation, domestic

The days were not easy, and the crash seemed to let the market see the hope of recovery.

As we all know, textile

Industry has a high dependence on exports.

Insiders said that the overall situation of the domestic textile and garment enterprises, the proportion of exports and domestic sales accounted for roughly 50:50, and the RMB appreciation has continued to appreciate for a long time. Indeed, many export enterprises are under heavy pressure.

The depreciation of the RMB against the US dollar is conducive to reducing the cost of textile enterprises, enhancing the competitiveness of products, getting more orders, and on the other hand, is conducive to the exchange earnings.

Theoretically, depreciation is good for us, but it is not very decisive.

Now the delivery time of products is generally shortened by 1/3, and some products may be 50 days before, and now only 35 days, so the fluctuation of exchange rate is not so great.

Yu Yongjun, general manager of Jiangsu textile and Limited by Share Ltd, a leading textile enterprise in China, said in an interview with reporters.

"In fact, when we sign agreements with some large customers, we often add some additional agreements, including the fluctuation of cotton prices and exchange rate fluctuations. If the fluctuation of the agreement is exceeded, the price will be adjusted."

The industry believes that due to the increase in labor, raw materials and capital costs, the good exchange rate can not offset the rising cost of domestic clothing and textile industry, far exceeding the negative impact brought by the comprehensive cost of Southeast Asia and Africa.

In fact, in recent years

Layout overseas is also normal.

Including Bosideng, Luen Fat Group, Shandong Ruyi and many other textile and apparel listed companies have acquired or opened subsidiaries overseas.

"In the past, when the RMB appreciated, many enterprises were worried, and even a lot of business executives looked for us. I hope we can put forward relevant measures to the relevant ministries and commissions and take relevant measures to maintain the stability of the exchange rate.

Now the theory of depreciation is good for enterprises, but I personally think that when this two-way fluctuation becomes normal, it will test the business more. "

Jiang Hui, President of the China Textile Import and Export Chamber of Commerce, told reporters that the fluctuation of the RMB exchange rate may make some small and medium-sized enterprises more difficult to do business. "For enterprises, they still want to maintain stability, because the lock rate is not a general entrepreneur can control."