Industry Outlook For RMB Appreciation

2010/9/25 10:27:00 35

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Prediction and

expectation

RMB

Rapid appreciation is like throwing an atomic bomb into the industry. Its influence is long, and the scope of its lethality will be far-reaching.

China's current exchange rate trend is more or less the shadow of Japan, Germany, Japan and Germany when the world economic crisis broke out in 1929. During the 1920-1929 years of the great depression, European and American countries dumped commodities to Japan in the form of currency devaluation. At that time, the Japanese yen did not appreciate, which has led to a large number of domestic commodities stagflation and directly destroyed the productivity of their own country. I think the Japanese example is worthy of China's aftertaste.

Personally, the exchange rate of any country should be interactive.

Back to the present, with the deepening of the RMB exchange rate reform and the impact of political pressure and financial game by the European and American countries, the fourth quarter RMB exchange rate will gradually increase in stalemate and repeated trials. By the end of the year, it is very likely to touch the 6.55-6.60 pass, and the total annual increase will exceed 3%.

People in the industry should have a mental preparation ahead of schedule.

In short, in

Textile industry

Just now that there is still a lot of difficulties and pressures to tackle, the state should maintain a stable RMB exchange rate. Even if it is to be revalued, it should be gradual and gradual.

This will help to alleviate various pressures faced by the textile industry, ensure that the real economy will not be seriously affected, and will also maintain the international competitiveness of textile products, consolidate China's share in the international market, stabilize social full employment, and consolidate the economic foundation of the textile industry and even the recovery of the entire national economy.