Home / Knowledge / News / Textiles / Mass-produced goods to feel highest impact of revaluation
Mass-produced goods to feel highest impact of revaluation
Mar '10
With the gradual recovery in global economies, exports from the textile and apparel industry have also gradually bottomed out. Data reveals that China's total textile and apparel exports reached US $28.242 billion in 2009, up by 28.98 percent year on year.

Experts are of the opinion that revaluation of the Yuan is the most worrying factor, since most of the exporters are working on wafer thin margins, because of rising costs, which the are not able to pass on to the buyers.

They note that the industry will basically run into losses, if the value of the Yuan is increased by 5 percent and will generate impact on more then 20 percent orders and if the Yuan is appreciated by 8 percent, it will affect 40 percent of orders.

The Government is repeatedly saying in public that the state will maintain the stability of the RMB exchange rate, but major institutions expect the Yuan to appreciate between 5 to 8 percent and most of them are making preparations to reduce the impact.

The experts are expecting the revaluation to take place somewhere in the second-half of 2010 and have exhorted textile and clothing exporters to factor in the same, while accepting new orders for deliveries in the second-half of the current year.

High-value product exporters however are not worried by the development, since the customers they service will adjust to the revaluation, but the worst impact could fall on the mass-goods producers, where there is little room for making adjustments.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Suresh Patel
Sidwin Fabric

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

Eric Scholler

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search