Zheng Zijing: RMB Appreciation &Nbsp, Will Pose A Threat To China'S Textile And Clothing Industry.

Export oriented enterprises

It is also facing many difficulties.

According to the data of the General Administration of Customs in February 14th, clothing exports in January amounted to 13 billion 380 million US dollars, up 33.6% over the same period last year, and the export of textiles was 8 billion 240 million US dollars, an increase of 47.5%.

This is obviously higher than last year's increase in China's textile and clothing exports by 23.6%.

Bao Songjin, general manager of Ningbo Tian Hui Textile Co., Ltd., said that the textile products exported in January were basically the orders received last year. Some of them were originally exported in February, and they also concentrated on shipping before the Spring Festival.

Therefore, the substantial increase in exports does not mean that the pressure on enterprises is decreasing.

At the same time, in the face of the rising cost of cotton yarn and labor, and the difficulty of recruiting workers, the price of products has been raised by 20%~30% this year. A small number of customers have pferred orders to Bangladesh, Vietnam and Eastern Europe and other countries and regions, while most of the customers are still on the sidelines. The export orders in the coming months are not yet able to be judged, and the situation is not optimistic.

Wang Yisheng, director of Lotte clothing company, also said that clothing has basically been exported this spring and has already been producing summer clothing ahead of schedule.

The cost is rising and some customers are unable to accept it. The greater the cost pressure, the greater the cost.

"At present, the export orders have been reduced by 10%~20%, and some customers in Hongkong, Taiwan and South Korea have begun to pfer some orders. Because of the gradual loss of cost advantage in the mainland, these customers began to choose countries with lower cost. Some of the middle and low order orders were pferred to Southeast Asia, and high-end clothing could be purchased from Europe and the United States.

The appreciation of the renminbi has made our export business more and more difficult.

Wang Yisheng said.

Appreciation of RMB against the US dollar

In other countries, the currencies of some countries are depreciating against the US dollar.

In February 11th this year, the Dong shield depreciated against the US dollar by 9.3%.

The extent of the depreciation is higher than expected, to a certain extent, triggering worries of neighboring countries.

A survey of 385 international buyers released last month showed that most buyers surveyed said they needed to pay higher prices for Chinese products, while 31% of respondents said they would increase purchases from Vietnam.

The survey also shows that Chinese textile exporters have already felt that orders are shifting. One of the reasons is that Vietnam's price is 30% cheaper than China's.

China's textile and garment industry

It really poses a threat.