May 25Th RMB Exchange Rate Changes &Nbsp; Export Textile Enterprises Still Live And Death Line Early.

Along with the rapid decline of the euro, there are sterling and Swiss francs.

On the day of May 17th, the central parity of the pound against the RMB once again fell below the mark of 10 yuan, and 1 pounds to RMB 9.8596 yuan.

Since the central parity of the US dollar against the RMB has been basically stable since April 2010, the euro has also continued to "raise" the real effective exchange rate index.

According to the data released by the bank for International Settlements, the effective exchange rate index of the RMB in April was 116.14, up 0.4% from March.

Facing the slight change of several figures after the decimal point, the most important thing is the large number of export enterprises bosses in China.

Because for Electromechanical,

Export to China

Statistics show that if RMB appreciation is 1% in 2010, China will have a large package.

For second types of enterprises, such as electrical appliances, electricians, general machinery and other superior industries, due to the large number of SMEs and excessive competition, the average net profit of the industry is between 3%-5%.

If the renminbi appreciates, most enterprises will be unable to bear it.

According to the static calculation results of the mechanical and electrical chamber of Commerce, if the RMB appreciated by 3%, the profits of the whole industry will be reduced by 30 billion US dollars.

And for shipbuilding, steel, electronic information and other vulnerable industries, the affordability of RMB appreciation is even more limited.

Reporters learned that, at present, the shipbuilding industry's profit margin is less than 5%, if the RMB appreciation, this may become a catalyst for some small and medium-sized shipbuilding enterprises to go bankrupt.

And more sensitive to exchange rates.

Because of our country

According to China's customs statistics, China's two largest economies in the EU and Japan in January 2010

People in the textile industry told reporters that the upward pressure on the consumption of overseas terminal still needs to wait and see. The pressure of RMB appreciation is increasing. The change of exchange rate not only means a direct reduction in the profits of export enterprises, but also affects the acceptance of orders.

At present, textile

At the same time, the depreciation of competitors' national currencies is also weakening the price advantage of China's textile exports.

Vietnam, for example, recently announced that the Vietnamese shield had depreciated again by 3.4%, which was the second devaluation after the Vietnam shield's depreciation of 5.4% in November 2009. In February 11, 2010,

In February 2010, the average exchange rate of RMB against the Vietnam shield increased by 6.63% over the same period last year.

Vietnam's Ministry of planning and investment data has also been confirmed, Vietnam textile in January 2010.

However, reporter investigation has learned that RMB appreciation will not bring pressure to export enterprises.

Dr. Mao Risheng, an Economic Development Research Institute of the world economic and Political Research Institute of the Chinese Academy of Social Sciences, told China Daily News that for a company with low dependence on exports and stronger dependence on imports of raw materials, a moderate appreciation of the renminbi can reduce costs.

"From the current actual situation, the core components of the machinery industry, especially the construction machinery, basically come from imports, and this part of the core components occupy a great part of the cost.

If the appreciation of the renminbi, to a large extent, can save the cost of purchasing raw materials, thereby increasing profits.

Liu Wei, an analyst with Jinyuan securities machinery industry, also said in an interview with the China national economic news reporter.

According to CICC estimates, if RMB appreciation is 5%, oil processing and natural gas production industry, metalworking industry, pportation and pportation

An aviation analyst who did not want to be named told China's "China made news" that industries like the airline industry, which have large external debts, will also benefit from the appreciation of the renminbi.

According to the Research Report of CICC, if the RMB appreciated by 1 percentage points, Air China, China Southern Airlines and China Eastern Airlines increased their earnings per share by 0.02 yuan, 0.04 yuan and 0.03 yuan in 2010 respectively.