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RMB appreciation of the textile industry continued to affect the geometry
2007-02-09 16:41:11
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  On the 15th, the dollar-yuan exchange rate middle first "crack" on the renminbi against the dollar middle record high. And the appreciation of the RMB will have a different impact on different industries. Overall, the continuing appreciation of the yuan importing enterprises. Industry highly dependent on imports, such as oil, paper making, iron and steel, aviation, transport, The big deal with the appreciation of the renminbi will lower the cost of imports, thereby improving profitability in the relevant industries. Able to improve on oil, iron ore, copper and other commodities in the international bulk purchasing power, thus benefiting the country's economic construction. But appreciation of the export-oriented, high foreign currency assets of the industry a greater impact. Experts have pointed out that the silk, textiles, garments, agricultural products processing industries, low added value, already thin profits. most vulnerable to the impact of RMB appreciation. According to the analysis agency analysts, the appreciation of RMB each 1%, reversing the declining margins in the textile industry center. RMB appreciation will lower the prices of imported commodities, import substitution industries, and therefore will impact similar products. Such industries include transportation equipment manufacturing, electronic and telecommunications equipment manufacturing. In addition, from a short-term point of view, the appreciation of the yuan will have a positive impact on China's securities market. be helpful in raising the confidence of investors in our stock. Some experts pointed out that the current round of stock index rose significantly to the appreciation of the renminbi is an important reason.
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