Home / Knowledge / News / Apparel/Garments / Likely RMB appreciation troubles clothing exporters
Likely RMB appreciation troubles clothing exporters
Jun '10
Recently, the 'Seven Wolves' brand, which is reputed for high-end shirts, signed contracts with agencies in Europe and the United States, to access and penetrate these markets.

Chairman of Seven Wolves, Zhou Shao Xiong says that the move would allow Seven Wolves to realize deeper access to international fashion markets of these two regions.

The only negative factor that Xiong foresees is the exchange rate war between the US and China which has brought great pressure on clothing export companies.

The same sentiment is echoed by a number of exporters who say that the pressure will be great if the RMB appreciates by more than three percent.

According to them they work on margins between 3-5 percent and if RMB appreciates even by three percent, their profits will be wiped out and it will become difficult to sustain.

And if the RMB gains by five percent, most of them will have to wind up their factories as it will not be possible to run them due to the losses they will incur.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search