China’s currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, these exporters are now feeling a sigh of relief as the value of renminbi against the US dollar has declined slightly for two consecutive weeks.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
Analysts expect the RMB appreciation to weaken further, and the benefit to the textile industry would become more apparent.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
The renminbi exchange rate is very sensitive, especially for China's small and medium textile and garment enterprises.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
It is estimated that for every 1 percent appreciation of RMB, the profit margin of the domestic cotton textile industry declines by 3.19 percent, whereas the fall is 2.27 percent for the wool industry, and 6.18 percent for the clothing industry.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
The slight decline in RMB exchange is likely to help improve the performance of local textile exporters.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
From January to June 2013, China’s cumulative textile and garment exports stood at US$ 127.232 billion, which is an increase of 12.06 percent year-on-year, according to data from Customs department.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
Of this, textile exports climbed 10.1 percent year-on-year to US$ 51.16 billion, while clothing exports rose by 13.4 percent year-on-year to US$ 76.05 billion.
China's currency has been rapidly appreciating for the past two quarters against the US dollar, making it difficult for the textile exports. However, #
Fibre2fashion News Desk - India