What is the beneficial impact of RMB appreciation on the textile industry 10

The appreciation of the renminbi has a great impact on the textile industry, and at present, China exports a lot of textiles, and exports mean earning money from foreigners, such as exporting to the United States, earning dollars. In other words, the appreciation of one country's currency depreciates the currency of another. There is also a big problem caused by the appreciation of a country's currency, the cost will be high, and the high cost means that the price will rise, and the rise is inflation, and inflation is very liquid, and at this time, the bank will raise the interest rate.

If the interest rate is raised, many people will go to the bank to make deposits. When all the money goes to the bank, consumption will decrease. Therefore, the appreciation of the renminbi will bring many, many series of problems, not to mention the beneficial impact, every industry will be affected, and everyone.

In addition to airlines, the early stage is beneficial to airlines, because most of the foreign debt of domestic airlines is US dollars, and the RMB they earn so it is good in the early stage, once it is a little longer, it will also be affected, and every industry and everyone's wallet will be flattened, and someone will go to do airplanes?

So don't listen to some experts, economic analysts in investment banks, and the like, it's best to pray every day that the renminbi doesn't appreciate too quickly.

The appreciation of the renminbi is conducive to imports and not conducive to exports. For textiles, China's exports have always been greater than imports, and appreciation is not good for China as a whole and Chinese enterprises as a whole. However, it is good for individual import enterprises, and some raw materials rely on imported products to rely on domestic sales of enterprises.

For example, in the wool industry, raw materials are imported from Australia and New Zealand, and finished products are sold domestically, which is also a good thing for this part of the enterprise.

1.The appreciation of the renminbi has made the profits of the textile industry even more meager.

The textile industry is the second largest export industry in China after the electronic communication industry, the export dependence is as high as 51%, according to the calculation of the Textile Industry Association, the appreciation of the RMB by 2%, as China's major exporters of the textile industry exports will be reduced by 2.5 billion US dollars. The textile industry will see a 2% decline in sales margins by 6%. The appreciation of the renminbi has made the profit margins of textile exports that rely on the low-price competition model more thin, bringing greater pressure and challenges to China's textile exports.

For every 1% appreciation of the RMB, the operating profit of the cotton textile industry will fall by about 12%, the wool textile industry by about 8%, and the garment industry by about 13%. If the renminbi continues to appreciate to 5%, it means that most exported textiles are very likely to have "zero profits". Therefore, the appreciation of the renminbi has a great impact on the export profits of China's textile industry.

2.The cost advantage is decreasing.

After the appreciation of the RMB, China's labor force is significantly higher than that of neighboring countries such as India and Pakistan. Therefore, it will relatively increase the cost of China's textiles, and enterprises will relatively increase the quality of export products in the international market, so that the competitive advantage of China's products at low prices in the international market will decline, and exports will be inhibited to a certain extent. After the appreciation of RMB, it is difficult for our original product cost to have a low comparative advantage, and product development, technological transformation and other comparative advantages that affect the competitiveness of enterprises are also difficult to establish in a short period of time, China's textile industry is facing fierce competition and challenges.

3.Direct exchange losses.

In the past, the renminbi was pegged to the US dollar, and the fluctuation range was quite small, which can be said to be a fixed exchange rate. China's textile export enterprises have been accustomed to engage in export business under such exchange rate conditions, because it is a fixed exchange rate, export receipts are almost no exchange risk. In this way, enterprises have formed the habit of "only managing exports regardless of the exchange rate", now the RMB gives up pegging to a single currency dollar, the range of exchange rate fluctuations is greater than before, textile export enterprises must consider the uncertainties brought by exchange rate changes to enterprises, and avoid exchange rate risks as much as possible.

1. Crack down on the export manufacturing industry. The appreciation of the renminbi has led to a significant reduction in the profits of the export manufacturing industry, which used to be 8 yuan for an order of 1 US dollar, but now it is only yuan. The appreciation of the renminbi has led to the closure of a large number of factories in coastal areas, and the investment of funds in the virtual economy such as ** and the property market, fueling economic bubbles.

2. It is conducive to imported goods. When the renminbi appreciates, foreign goods will naturally become cheaper, which will increase the consumption of foreign goods, but it will also lead to a large number of foreign goods seizing the domestic market, which is not conducive to the development of national industry.

In my understanding, the appreciation of the RMB, but domestic inflation, the price of raw materials, the price of artificial increases, corporate profits are reduced, the textile industry in China is mostly OEM production, processing, selling are labor-intensive products, earning very little, if the exchange rate is unstable, it will affect the cost of enterprises, profits will naturally decrease. For example, many companies are the first to receive orders, such as the side talk about the large amount of fruit orders, but the shirt is its cotton shortage, and now China is mainly storing cotton, resulting in the rise of cotton prices, the company to buy cotton may be more expensive, but when the order is signed, the first has been set, then his cost is expensive, and the profit is less. Foreign orders are mostly quoted in US dollars, and the RMB appreciates, so there is less in exchange for RMB.

In the first two years, China imported a large amount of cotton and exported less, mostly saving, resulting in domestic cotton prices, higher than the world cotton price, enterprises only import cheaper imports, but now it is better, because of the amount of savings, balance, natural downward adjustment, a lot of cotton prices are made, it depends on the cotton family they want cotton prices will continue to rise, just save it, the more people need, the higher the price. The renminbi has appreciated, the money has become more valuable, the original one has become two, the goods have also risen, and the price of cotton has become more expensive. And the amount of production will also affect the price of cotton.

In the past few days, the yuan has begun to fall, hehe.

According to the survey of the vice president of the China National Textile and Apparel Council on Tuesday, China's textile companies are at 3-5%, while the appreciation of the yuan, rising raw materials and labor costs have led to a decline in the profits of the textile industry. This will have a negative impact on China's textile industry.

In March, China's first RMB stress test, the results show that if the RMB appreciates by one percent, the profit margin of labor-intensive textile companies will drop by one percentage point, which not only weakens the production of China's textile or land weaving enterprises, but also is not conducive to the development of China's textile industry.

If the exchange rate of the renminbi against the US dollar appreciates by 5%, China's textile companies may face bankruptcy, which leads to the textile industry's profits are more meager, and China's textile industry will be struggling. The negative impact of RMB appreciation on China's textile industry is far-reaching.

According to a survey, between 2005 and 2008, the exchange rate of the renminbi against the US dollar appreciated by 21%, which directly promoted the rise of China's textile products. As a result, the advantages of Chinese-made textile products over those of Vietnam, Indonesia and other Southeast Asian countries have disappeared.

China's textile industry directly employs more than 20 million people, and about 100 million people are related to cotton production. A sharp appreciation of the renminbi will leave millions of people unemployed.

RMB appreciation, for the Chinese people is a good thing, but for the textile industry-based companies, this is tantamount to a financial tsunami, the Chinese only to strengthen technological innovation, cultivate their own brands, improve the added value of products and other measures to deal with the negative impact of RMB appreciation on China's textile industry.

The appreciation of the renminbi will first reduce the amount of China's foreign exports, for example, foreigners used 1 dollar to buy 7 yuan of things, and now 1 dollar can only buy things in yuan, the cost of procurement has risen, and the dollar will look for other places to purchase, and China's exports have declined.

China's textile industry mainly exports to earn US dollar foreign exchange, with the appreciation, textile exports declined, is bound to have a great impact on the textile industry.

A good point is that it will passively drive the textile industry to transform the market, change exports to domestic sales, and strengthen the development of the domestic textile market, of course, it is only a theory, and the pain can only be felt by industry personnel.

Reduce export competitiveness, RMB appreciation means foreign currency depreciation, foreigners need to use more money to buy Chinese goods, may make foreigners turn to other developing countries to import, Vietnam, India...

It turns out that the US dollar is against the RMB, that is, one US dollar can be exchanged for a RMB, and now the RMB has appreciated, that is, now the income can only be exchanged for one US dollar for RMB, which means that the income is reduced.

I am engaged in foreign trade of clothing, and this year is particularly difficult to do business. First of all, the raw materials soared, and then the appreciation of the RMB, the original textile and garment export profits were very low, and it was even more difficult to survive if these two were pressed.