Home / Knowledge / News / Textiles / Rise of Yuan will change Chinese economic focus
Rise of Yuan will change Chinese economic focus
31
Mar '12
The Chinese Yuan has appreciated by around five percent in 2011 against the US dollar, says data from the People's Bank of China.

However, there is also a good aspect, which is that, it will promote the Chinese economy to change from export-oriented economy to domestic demand-led economy.

According to a rough estimate, since the first reform in the RMB was brought in July 2005, the Yuan has appreciated against the Euro by 15.6 percent, the Yen by 21 percent and US dollar by 6.2 percent.

These three major markets are China's top three trading partners and main destinations of China-made products.

It is expected that the Yuan will continue to appreciate, an external pressure that "Made in China" goods will continue to face and make these goods costly.

Fibre2fashion News Desk - China

Must ReadView All

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: Alibaba Group

Apparel/Garments | On 18th Jan 2017

Alibaba forges global alliance to fight counterfeiting

Jack Ma led Alibaba Group has forged an alliance with various global...

Information Technology | On 18th Jan 2017

eBIZ 4.0 to digitise European fashion supply chain

eBIZ 4.0 is a new step of eBIZ, the public-private initiative that...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search