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New challenges for exporting textile and apparel companies
Source: | Author:clothing-100 | Published time: 2015-03-17 | 876 Views | Share:
For most textile exporters, raw materials and labour costs are spent in the form of RMB, therefore, in the case of the devaluation of the US dollar and the euro, how the price of export products in RMB actually changes, for enterprises to maintain a reasonable profit margin is undoubtedly a great challenge. A new round of industry reshuffle is being accelerated.

        Newer data from the China Foreign Exchange Trade Center shows that on September 5, the yuan against the dollar exchange rate median price of 6.8436, down 26 basis points from the previous trading day. Although some rebound, the impact on clothing enterprises is very small, 08 years the dollar has been low, to export enterprises market growth rate decline, many enterprises have fallen.

        September 2, the euro to the yuan exchange rate of the middle price for the first time exceeded 1: 10, exports of textile enterprises to maintain a reasonable profit margin will become increasingly difficult. For most of the textile export enterprises, raw materials, labor costs are in the form of RMB out, therefore, in the case of the dollar and the euro has depreciated, the price of export products in RMB how the change, for the enterprise can maintain a reasonable profit margin is undoubtedly a great challenge. A new round of industry reshuffling is being accelerated.