The Accelerated Appreciation Of RMB Makes Export Enterprises Unprepared.
The 109th session
Canton Fair
The three phase of exhibition is from May 1st to 5th.
Textile products on display
clothing
Shoes, hats, bags, medicine and health care products, sports and leisure products, agricultural products and local specialties, etc., its outstanding characteristics are labor-intensive enterprises occupy an important proportion.
On the day of the opening ceremony, enterprises generally reflected that the recent "accelerated" Renminbi appreciation has made a great impact on China's foreign trade export.
Since April, the pace of RMB appreciation has accelerated significantly. In April 29th, the RMB went up 61 basis points against the US dollar exchange rate, reporting 6.4990, breaking through the 6.5 mark.
In this regard, many foreign trade enterprises expressed "unexpected" feeling.
Cao Xiaojian, deputy general manager of Jiangsu sainty (600287, Guba) group, a listed company and textile and garment leader, said that although the enterprises had expected that the pace of RMB appreciation would not stop this year, the recent sudden acceleration still made many textile and garment enterprises feel unprepared. "This has caused many enterprises to" hesitate "when taking orders, and foreign buyers have generally taken a wait-and-see attitude, which has constituted a great deal of pressure on foreign trade exports.
However, China
foreign trade
Enterprises are also facing some positive factors.
Take footwear enterprises as an example, the EU anti-dumping measures against leather shoes in China expire in March this year, and the import of European footwear products to China has entered a recovery period.
In the field of textile and clothing, the recent low cotton price has relieved the cost pressure of enterprises.
Guo Lizhong, head of Jiangsu Guotai (002091, Guba) International Group, said that the sharp fall in cotton prices has made the cost pressure of enterprises much smaller.
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