RMB Depreciation Favorable Export Enterprises Clothing, Leather Shoes And Other Industries Profit Growth 1%-2%

< p > since February 18th, the RMB has been out of a round of depreciation market. In the last week of February, the value of RMB a href= "//www.sjfzxm.com/news/index_cj.asp" > exchange rate < /a > accumulative devaluation reached 0.89%, and the largest weekly depreciation since the reform of earning foreign exchange. < /p >
Mr. Zhang, who goes online to check the exchange rate changes every day, says that for small and medium-sized foreign trade enterprises, this is really a breathing opportunity. "In the short term, at least the exchange rate has dropped, and what we export is worth P". < /p >
< p > he gave the reporter an account: at the beginning of 2012, for a period of time, 1 US dollars could be roughly exchanged for 6.3 yuan RMB. By last year, 1 yuan could only be exchanged for 6.04 yuan, equivalent to 1 yuan per export product, and it earned less than 0.26 yuan. Mr. Zhang's foreign trade company has an export order of about 400 thousand dollars per month, and the monthly profit is less than about 100000 yuan. < /p >
< p > but in the past month, Mr. Zhang has tasted the sweetness of the "a href=" //www.sjfzxm.com/news/index_cj.asp "RMB" /a "devaluation, because the US $1 can be exchanged for RMB 6.1 yuan, so that the yield has rebounded slightly compared with the same period last year. "That is to say, excluding raw materials, suppliers, price adjustment and other factors, we can earn about 20 thousand yuan a month more than last year." Mr. Zhang said that it is good news for small and medium-sized a href= "//www.sjfzxm.com/news/index_cj.asp" > foreign trade enterprise < /a >. < /p >
< p > industry insiders say that, unlike the RMB appreciation period at the end of last year, the change in currency value can directly bring 1%-2% profit growth to export enterprises. < /p >
< p > "do not belittle the profit growth of 1%-2%, which is the most influential labor intensive export enterprise such as textile and clothing, leather shoes and so on. They are most affected by exchange rate fluctuations. Profits have been as thin as paper before, and some enterprises' profits have reached a critical point. If the RMB continues to appreciate, many small businesses will fall down." Yesterday, the head of the foreign trade and Economic Cooperation Commission told reporters. < /p >
< p > some people in the textile and garment industry of our city say that the depreciation of RMB is favorable, but the impact is not large enough. "In fact, the impact is still very large, and the profit margin of China's textile trade is very low. At about 5%, the RMB has depreciated by nearly 1% since February. Chen Shangfu, executive vice president of the apparel industry association, said. < /p >
< p > "as long as the RMB depreciates, it means making money." He said, because ordinary textile and garment enterprises will reserve raw materials for several months ahead of time, so raising prices may happen after one or two months of exchange rate fluctuations. < /p >
< p > analysts pointed out that the continued depreciation of the RMB against the US dollar was mainly caused by the withdrawal of the US QE, the backflow of funds and the recent decline in China's export trade and the trend of the exchange rate. However, when the RMB will cease to depreciate, it is still unknown. < /p >