RMB Depreciates &Nbsp Continuously, Easing The Cost Of Small And Medium Enterprises

RMB appears continuous

Shishi's clothing enterprises mainly focus on small and medium-sized enterprises.

From the perspective of the clothing market, the external development environment of the garment industry is complex, and the demand of the international market is insufficient. The price of domestic raw materials fluctuates greatly, and the factors such as labor force and energy cost rise.

But recently, the RMB has continued.

According to Liu Wenda, a shoemaking production manager of stone lion, the export enterprise is most sensitive to the exchange rate movement.

The appreciation of the renminbi has really affected many enterprises. However, the RMB suddenly stopped down after a long appreciation cycle, and export enterprises really saw the possibility of helping enterprises push exports through the depreciation of the renminbi.

According to the insiders, as the lion's clothing industry is quite a part of the export industry, the long-term appreciation of the RMB has eaten some of the profits of the enterprises, while the depreciation of the renminbi is conducive to the reduction of the enterprises.