Zhong Shan, Vice Minister Of Commerce Resolution 8 U.s. Dollars Jeans Behind The Story

A sell eight U.S

A sell eight U.S. dollars of exports

Jeans , The profit being up the cost of all "eating" was only a few cents, if more than 5% appreciation of the renminbi, its "owner"?? Export processing enterprises will be unable to absorb the costs for disposable one.

Calculated by 5% margin, an 8 U.S. dollars converted into Renminbi make jeans for less than 3 dollars. This year, cotton (information market), cotton and other raw material prices rising,

Fabric Prices followed a substantial rise in the price elastic denim in January this year 12.3 yuan per yard quickly to the current 13.7 yuan, a pair of jeans material of 1.5 terms, only the material cost of eating out on the profit margins of about two dollars. The Spring Festival, the Pearl River Delta Region are facing problems of shortage of workers, garment workers, wages generally rose 10% to 15% to 2,000 yuan, equal shares to each piece dress up 34 cents Shanggong fee. In addition,

Buttons , Zippers and other accessories as well as other costs are rising.

"If the 2% revaluation of the RMB, through share price increases with customers after the break into the cost of each garment exports increased by about 2 cents, we can also can make it, but once the appreciation of more than 5%, it will be difficult to bear. "Guangdong Province

Textile Products Import & Export Co., Ltd. General Manager Assistant Zhonghao Sen said in an interview yesterday, the latest jeans have a big one in North America, the two sides have not yet been finalized mill for two weeks, the price points in dispute, the other to lower prices . Currently all production costs are rising, once the yuan appreciated, not only did the company profits, will lose money orders are hesitant. Although the orders to pick up, but it also is under cost pressures, he was very worried about the appreciation of RMB into "the last straw breaks the camel."

Zhongshan Vice Minister of Commerce, said recently that any degree of further appreciation of the yuan are likely to make exporters bankruptcy, and this is China can not afford, and that "if the water is heated to 99 , not boiling a; But if continue to rise another 1 , the water will be boiling, "the image of the metaphor to describe the fragility of the situation faced by Chinese exporters. This is said Zhonghao Sen's hearts, he has recently been tightly pegged exchange rates in the hope that the upcoming Spring Fair in April orders can be as much as possible the peak of the exchange rate stable. The company exports

Clothing Maintained at 5% before the profits of 10% in the peer is not bad, but still unable to shake off the pressure of rising costs.

China Textile Industry Association vice president Gao Yong recent interview said that at present the textile industry, the average net profit margin of 3% to 4%, not more than 5%, if the yuan has risen more than 5 points, will more than half of companies die. If the future of cotton import quotas do not open properly, then the textile industry in the appreciation of the yuan may occur after the loss of a large number of orders, average profit will be zero.

Is not only the textile and apparel industry,

Toy , Shoes, bags, Electronic And other industries are worried about eating out modest revaluation profits. Exports of Guangdong, a large toy company official said, even more than the harmful effects of revaluation

Financial Crisis, in September 2008 before the financial crisis, Guangdong has a number of export processing enterprises can not afford the cost pressure due to fall. Since the exchange reform in July 2005 before the outbreak of the financial crisis, the cost of doing business rose 33%, which rose 16% on the exchange rate costs, especially in the yuan since October 2007 to July 2008 period to accelerate appreciation of around 11% almost swallowed the profits of enterprises, many toy export enterprises so difficult and does not survive. "Despite the increase in orders, but the basic are the cheap one, many toy companies the edge in the 2% of the profits of struggling. Under such circumstances, China must withstand the external pressure on the yuan, to avoid the rapid appreciation of the lesson of 2008 . "The suggested. These costs are much higher pressures exporters suffering during an interview yesterday, said that since the reform on the yuan has appreciated about 20% have been desperate to pick up some orders are subject to revaluation must stop trouble.

The State Council Development Research Center of Foreign Economic Research Department, said Long Guoqiang interview with this reporter, through the financial crisis, China's foreign trade is in the process of recovering the RMB exchange rate stability and the promotion of the current development of China's foreign trade has played a key role closely related to foreign trade and employment, which is outside the Chinese government is facing pressure on the yuan to show no reason for compromise. Under the current exchange rate, China's import growth has been higher than exports, such as adjustment of the RMB exchange rate, the potential risk of China's international payments. China in the current weak external demand, domestic demand and strong circumstances, the RMB exchange rate does not exist irrational.

In addition, Long Guoqiang suggested that the Chinese export enterprises should improve the added value of the adjustment of product structure digest cost pressure, a number of products already have a competitive advantage, unnecessary worry too much about the transfer and binding orders bargaining space.

Zhong Shan, Vice Minister Of Commerce Resolution 8 U.s. Dollars Jeans Behind The Story

By: echo

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