Foreign Shoe And Clothing Factories Move Out Of China'S &Nbsp; Dialysis Bad Market Environment.

July 7th, according to reports, along with RMB The US companies with branches in China are considering various measures to offset rising labor and export costs. Some companies are considering moving the factory out of China.

Manufacturer of running shoes and sportswear BrooksSportsInc. in China every hour wages The rate has increased by 50%. The company is accelerating plans to produce goods in other parts of Asia.

The report quoted the company's chief operating officer, Mr. Bo Han, as saying that the company is considering using existing Chinese partners who are building factories outside China, as well as new partners in Indonesia and Vietnam.

Chief executive Webb said the company is expected to raise the prices of some products and cut profits on other products.

Nike's foundry factory, which also produces sports shoes, has changed quietly. Vietnam has become a sports shoe manufacturer. Nike The largest source of footwear products, made in China, is second.

Hayes said that China's competitiveness is decreasing from a cost perspective. Floating renminbi may make the company's labor costs even more expensive. The company has about 17 thousand employees in China, and workers have doubled their wages in the past five years.

According to the Wall Street journal, Jiao Jinpu, vice chairman of the people's Bank of China's Postgraduate Department and the vice chairman of the Ministry of graduate affairs of the people's Bank of China, said in July 5th that the RMB exchange rate against the US dollar will have room for 15%20% appreciation in the next 23 years.

By the end of 6, the yuan had appreciated by 2.33% against the US dollar. But at the same time, the renminbi has devalued to the euro and sterling in varying degrees.