In 2008, the global financial crisis began to slow the pace of currency reform in China, the RMB exchange rate fluctuation of the appropriate narrow, even once carried out in fact "$" the peg. But after two years, June 19, the central bank to restart the renminbi. From the perspective, the pace of currency appreciation has started in central throws to reiterate the second day after the yuan against the dollar, the middle price will hit the highs nearly five years. This caused us to concern for industry development. At present, China's textile industry is in continuous increasing cost pressures, production, investment recovery period, the key to lack the restart appreciation, will give industry of negative effects. Expected, China's textile and clothing products in the second half of exports will slow pace of recovery.
  Before we had many points in the analysis of the appreciation of the RMB will further weaken the textile and apparel industry will accelerate the export competitiveness of international order flow, Vietnam, India, Pakistan and other neighboring countries, only Chinese textile export enterprises exporting settlement suffer, enterprise profit, the export order loss losses, but will affect social employment ability of absorbing industry, textile and clothing products of domestic competition situation will also with the slow speed of export recovery and increasing.
  Although China's textile industry, the export recovery rate is still quickly, but from the current trade export growth and facing pressure, we think, is present in export trade export base of low last year on the basis of rapid growth, its export performance does not possess the rapid recovery sustainability.
First, the international market demand power does not have the true sustainability, market demand has not been formed and restore power will continue to inventory when become worries. Experienced during the financial crisis, the cruel to stock inventory back up the economic recovery process become inevitable. The developed economies of Europe as strong as demand inventory back fill in the export of textile industry pull. According to the ministry data in April, 2010 American business continues to grow and inventory annulus annulus 0.39% 0.51% growth in manufacturing inventory, but these two data shows the slowdown. The resulting in Chinese textile clothing export positive role in boosting the shrinking will become inevitable. While Europe, Japan's economy debt crisis is still downturn, and U.S. retail material in five months, we have become accidents on the international market demand when the real concern. Important recovery
  Secondly, the raw material costs, although some stress export products through improving product price pipeline section released the raw material prices rising rapidly, but no pressure caused by the price of synchronous transmission of pressure relief is very limited. According to relevant data display, June 23, China GuoChanMian 328 level has gone up to 18089 yuan/ton, 21.57% rose early 2010. But according to China's customs material, by 2010, China's export April textile yarn price is rising in January, textile fabrics and 5.88% respectively price is rising January 7.77%. Visible, current textile enterprise cost pressures outstanding issues.
  In addition, the industry development is also facing labor resource shortage, labor costs rise rapidly rising cost of fuel, power, international trade environment still has many uncertain factors. At the moment, but we have the RMB exchange rate reform, to the recovery and export industries in the shadows.
  In this, need to remind the textile export enterprises exporting to open up market diversification, product innovation development, actively improve product value, choose to use the exchange rate risk aversion trading financial tools to prevent the risk of subsequent trade.

"Chinese textile net source."
Editor: lara