RMB Appreciated By More Than 0.8%&Nbsp Against The US Dollar; &Nbsp; Textile Enterprises Were Not Affected. (Two)

Analysts said that the rebound in overseas demand was the main driving force for the growth of China's textile and clothing exports in the two quarter.

However, considering that the share of China's textile and garment export trade accounts for about 80% of the total value in the US dollar, the industry's export growth will slow down in the three quarter and fourth quarter, due to the superposition of the recent RMB appreciation and the lag of the debt crisis.

Liu Zhiru said,

Wei Fengchun, chief macroeconomic analyst at CITIC Securities, said that the appreciation of the renminbi may not be a major factor affecting the textile and garment industry. In addition, because of the emergence of the "Lewis inflection point" and the rising labor cost, the pressure on the textile and garment industry in China is greater than outside, forcing enterprises to use machines instead of labor.

"In order to cope with the rise in labor costs, the company is considering raising prices and increasing the added value of products," said Mr. Wang of textile enterprises.

As the textile and garment industry itself is a highly competitive industry, it is only by constantly improving itself that we can make ourselves invincible.

Wei Fengchun said that the emergence of "Lewis inflection point" forced the internal realization of the industry.