China'S Clothing Exports Focus On Developing More Space
Dongguan
clothing
The export figures of 1-4 months are not easy.
One of the important reasons is the promotion of pformation and upgrading.
However, there is another important factor for trade enterprises, that is, the decline of RMB to the US dollar.
Public data show that since May this year, the RMB has continued to decline against the US dollar, and the central parity of the RMB against the US dollar in May 3rd was 6.4565 yuan, the highest since December 16th last year, and then continued to decline.
In May 19th, the central parity of RMB against the US dollar fell by 315 basis points to 6.5531 yuan a day, a 3 month low since February 2nd of this year.
The RMB exchange rate against the US dollar is lower, and the US dollar settlement is the main factor.
Exit
Business occupies a relatively good stage in the larger textile and apparel industry.
As we all know, the low value of RMB against the US dollar is conducive to the competitiveness of textile and apparel in the international market, thereby expanding exports.
What can not be overlooked is that the competition pressure of Chinese clothing exports from emerging market countries is increasing.
In the US market, the textile and garment industry in Vietnam has been developing rapidly under the encouragement of the TPP negotiation prospect. In the EU market, Kampuchea, Burma and Bangladesh enjoy preferential tax exemption arrangements for exports to Europe, and in the Japanese market, ASEAN enjoys preferential tax exemption policies for Japanese exports.
Without exception, these Southeast Asian and South Asian countries are the countries with concentrated investment in textile and clothing because of their relative advantages such as labor, land and taxation.
Export to Europe and America
market
Li Ziqiang, chairman of the Dongguan based WTO accession Knitting Company Limited, pointed out that the competition of Southeast Asian countries has brought a lot of pressure to Dongguan's clothing export. Enterprises should constantly enhance brand and technology value, enhance the added value of products, and win more space in the export market.
At the same time, we should also pay attention to the strategic opportunity of "one belt and one road", so that we can focus on developing the Central Asian market.
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