Since the 19th June 2010 after China announced to the dollar, the price reached record high. Nonetheless, not a revaluation, the official and market is still the consensus. RMB appreciation to restart, slowly bring asset prices revaluation of the effect will attract capital inflows, which in turn will promote further renminbi appreciation. With the increasing of the RMB appreciation, and closely related industries to investors. After the stock market research center daily analysis, real estate, aviation renminbi appreciation, textile, paper and gold five industries, and each plate is close, the investment opportunity also implied.
According to industry estimate of $9, once the yuan appreciation, will suffer. Also have professional estimation, if the renminbi revaluation 3% to 5%, China's export of medium and small FangQi will not make a profit.
FangQi were hit hardest
According to understand, since July 2005, the reform of RMB exchange rate mechanism, the modest rise along. On April 10th, 2008, in the yuan against the dollar price "7", enter the "six times". Since this year, the price of the dollar in the basic 6.826 6.828 to run interval. On June 22nd, the central bank to restart the second day against the dollar, the price for 6.7980, 6.80 broke.
The yuan's appreciation effects, including electrical appliances, electrical, automotive, steel and iron, and textile, etc labor-intensive industries. As the biggest impact the textile and apparel industry, industry insiders estimate of $9, once the yuan appreciation, will suffer.
Tsinghua university research center of china-u.s. Relations ZhouShiJian senior researcher in textile clothing, estimated at more than 25 million jobs crisis, this does not include other scale enterprises, and under the textile and apparel industry outside the enterprise. "The employment problem has a direct bearing on social stability, it is the biggest threat to bring RMB appreciation.
The personage inside course of study expresses, the yuan appreciation will is a trend among the renminbi against the us dollar, the annual cumulative appreciation value may be in 4% to 5%, enterprise can avoid.
Export-oriented FangQi complain of RMB appreciation, "was not of financial crises had not regained, RMB appreciation again, if not raise export products without profit."
Experts estimate that if the renminbi appreciation in the above 3%, our export-oriented medium and small FangQi profits may become zero.
Export enterprises recruit to RMB appreciation
Because our country textile clothing enterprise to small and medium-sized enterprises, the sensitivity of RMB appreciation, in profit margins have very strong approach, if this break-even point renminbi appreciation restart even accelerated, most companies will no longer be found. XiangCai securities macro department expected this year RMB appreciation in 3% to 5%, this increase between for most enterprises has its limit can bear range.
But several types of labor-intensive products geared chamber, the appreciation of roughly estimated one percentage point, industry net-profit margins will drop by one percentage point directly at the industry average net income only 3% to 5%.
RMB appreciation will weaken the export enterprise, the international market competitiveness. There are many export enterprise has taken many measures to digest pressure.
In recent years, the majority of textile enterprises to continuously improve technology, energy saving, implement automation production, reduce labor costs to digest the impact of RMB appreciation. Product cost has been difficult to have lower space. Enterprise competent complain, RMB appreciation, if repeated enterprise will have to improve product price, this will not avoid losing some new customer orders.
"Now, still in the yuan rise within us, but the operation pressure has very big." Zhejiang SaiFeng shoes Co., LTD YouKeLong chairman, said the renminbi revaluation has learned before rumours, enterprises have taken many measures.
According to the introduction, early in 2004, the company will try changing business model, and gradually reduce the share, and export wholesale foreign chain establishes the cooperation relations. "Chain as market price sensitivity of terminal, the relative is not high, the stable profit." YouKeLong said. In the same year, the enterprise to make adjustments in the development strategy of the international market, consolidate, begin to move the domestic market, excavate the new profit point.
Data shows that by 2010, feb. China textile and clothing export total 126.38 billion dollars for three consecutive months and has already is realized, which will increase year-on-year is 89.34%, greatly exceeds the market generally expected. Classification, exports of textiles exports 78.19% year-on-year rise, apparels 96.29%. 1-2 months, textile and other properties for export growth 39.42% and 23.71%.
In Europe, the demand of the environment, the agent domestic export-oriented enterprise production in order to increase gradually. The European economic agents have the second bottom of risk, but employment indicators, and stabilises good signs. In the circumstances, the better employment demand will gradually rise, especially after more than a year of clothing consumption demand, dress in a larger extent in rigidity demand. Therefore the future home textile clothing enterprise orders not down.
Experts point out that, in renminbi appreciation, price advantage, under the background of the weakened gradually to export enterprise, to accelerate the transformation and upgrading of technologies, increasing input, speeding up the transformation and upgrading of product quality and value-added products in the international market, improve the bargaining power, enhance the international competitiveness of products, the impact of RMB appreciation. He says that if the condition permits, had better take RMB exchange rate risk, to avoid.
"Chinese textile net source."
Editor: LiLiHeng
According to industry estimate of $9, once the yuan appreciation, will suffer. Also have professional estimation, if the renminbi revaluation 3% to 5%, China's export of medium and small FangQi will not make a profit.
FangQi were hit hardest
According to understand, since July 2005, the reform of RMB exchange rate mechanism, the modest rise along. On April 10th, 2008, in the yuan against the dollar price "7", enter the "six times". Since this year, the price of the dollar in the basic 6.826 6.828 to run interval. On June 22nd, the central bank to restart the second day against the dollar, the price for 6.7980, 6.80 broke.
The yuan's appreciation effects, including electrical appliances, electrical, automotive, steel and iron, and textile, etc labor-intensive industries. As the biggest impact the textile and apparel industry, industry insiders estimate of $9, once the yuan appreciation, will suffer.
Tsinghua university research center of china-u.s. Relations ZhouShiJian senior researcher in textile clothing, estimated at more than 25 million jobs crisis, this does not include other scale enterprises, and under the textile and apparel industry outside the enterprise. "The employment problem has a direct bearing on social stability, it is the biggest threat to bring RMB appreciation.
The personage inside course of study expresses, the yuan appreciation will is a trend among the renminbi against the us dollar, the annual cumulative appreciation value may be in 4% to 5%, enterprise can avoid.
Export-oriented FangQi complain of RMB appreciation, "was not of financial crises had not regained, RMB appreciation again, if not raise export products without profit."
Experts estimate that if the renminbi appreciation in the above 3%, our export-oriented medium and small FangQi profits may become zero.
Export enterprises recruit to RMB appreciation
Because our country textile clothing enterprise to small and medium-sized enterprises, the sensitivity of RMB appreciation, in profit margins have very strong approach, if this break-even point renminbi appreciation restart even accelerated, most companies will no longer be found. XiangCai securities macro department expected this year RMB appreciation in 3% to 5%, this increase between for most enterprises has its limit can bear range.
But several types of labor-intensive products geared chamber, the appreciation of roughly estimated one percentage point, industry net-profit margins will drop by one percentage point directly at the industry average net income only 3% to 5%.
RMB appreciation will weaken the export enterprise, the international market competitiveness. There are many export enterprise has taken many measures to digest pressure.
In recent years, the majority of textile enterprises to continuously improve technology, energy saving, implement automation production, reduce labor costs to digest the impact of RMB appreciation. Product cost has been difficult to have lower space. Enterprise competent complain, RMB appreciation, if repeated enterprise will have to improve product price, this will not avoid losing some new customer orders.
"Now, still in the yuan rise within us, but the operation pressure has very big." Zhejiang SaiFeng shoes Co., LTD YouKeLong chairman, said the renminbi revaluation has learned before rumours, enterprises have taken many measures.
According to the introduction, early in 2004, the company will try changing business model, and gradually reduce the share, and export wholesale foreign chain establishes the cooperation relations. "Chain as market price sensitivity of terminal, the relative is not high, the stable profit." YouKeLong said. In the same year, the enterprise to make adjustments in the development strategy of the international market, consolidate, begin to move the domestic market, excavate the new profit point.
Data shows that by 2010, feb. China textile and clothing export total 126.38 billion dollars for three consecutive months and has already is realized, which will increase year-on-year is 89.34%, greatly exceeds the market generally expected. Classification, exports of textiles exports 78.19% year-on-year rise, apparels 96.29%. 1-2 months, textile and other properties for export growth 39.42% and 23.71%.
In Europe, the demand of the environment, the agent domestic export-oriented enterprise production in order to increase gradually. The European economic agents have the second bottom of risk, but employment indicators, and stabilises good signs. In the circumstances, the better employment demand will gradually rise, especially after more than a year of clothing consumption demand, dress in a larger extent in rigidity demand. Therefore the future home textile clothing enterprise orders not down.
Experts point out that, in renminbi appreciation, price advantage, under the background of the weakened gradually to export enterprise, to accelerate the transformation and upgrading of technologies, increasing input, speeding up the transformation and upgrading of product quality and value-added products in the international market, improve the bargaining power, enhance the international competitiveness of products, the impact of RMB appreciation. He says that if the condition permits, had better take RMB exchange rate risk, to avoid.
"Chinese textile net source."
Editor: LiLiHeng
time:2010/7/8
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