Exchange Rate Changes Have Great Impact On Export Textile Enterprises.

It is understood that textile, clothing, shoes, hats and other labor-intensive manufacturing industries, about 84% of the profits of export enterprises concentrated in less than 5%.

This means that once the appreciation of RMB exceeds 5%, these small and medium-sized export enterprises will have no profit at all.

In order to deal with the fluctuation of RMB exchange rate flexibly, some export textile enterprises have changed the 30 day effective contract to 15 to 20 days, shortening the time period to reduce the impact of exchange rate changes.

In order to deal with the depreciation of the US dollar, some enterprises raised the quoted price of export commodities by 10% to 20% to maintain fixed profits, but at the same time, the volume of export decreased by nearly 30% to 40%.

Those who underestimate the change in the RMB exchange rate can only afford to accept the harsh reality of "loss of products on the spot".

But the chain effect of RMB appreciation is still beyond people's imagination.

"In the past few years, the state has issued a tax rebate policy. If the cost of clothing is higher than the money collected at the end, the export tax rebate will not be exported, but this policy is built on the basis of exchange rate stability."

Mr. Ye told reporters that "in December 12th, the euro fell by more than 20%, many orders were lost, and the cost was higher than that of foreign exchange earnings. For export oriented textile enterprises, exchange rate movements tended to be" taking the lead and moving the whole body ".

Yang Jing: editor in charge