RMB Appreciation:The End of Low-Cost Textile Export

2008-07-23 02:17:42
China’s foreign Trade 2008年12期

With the opening of Guang-zhou Fair, the development tendency of China's exportsof textiles and garments became the focus of the industry againIt is known that since the production costhas increased because of the appreciation of RMB and the increase in raw materal and labor pllce, almost every enterprisc participating in the fair have raised theirprices by 3% to 5%, some even morethan 10%. However, it is not optimistic that the chents abroad would completely accept the tise in price.