Home / Knowledge / News / Apparel/Garments / Apparel exports to be impacted by RMB appreciation
Apparel exports to be impacted by RMB appreciation
23
Aug '11
After Standard & Poor lowered US debt rating, the Federal informed that it would keep the low interest rate policy unchanged. The exchange rate of the RMB against the US dollar has moved sharply upwards under the influence of internal and external factors.

Meanwhile, a number of international and domestic institutions have are anticipating a further increase in appreciation of RMB exchange rate and expect the central parity of RMB against the US dollar to at least increase by 5-6 percent this year.

Industry studies suggest that every one percent appreciation of the RMB against the US dollar would mean 4 to 6 percent decline of profit margins from sales of textile and apparel industry.

If the RMB appreciates by 5-10 percent, it could mean even the profit making companies slipping in to losses. The apparel industry with higher dependence on exports will feel a higher impact of the appreciation.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search