October 21, 2010
recent currency appreciation were plain the growth of China footwear industry
from the China Foreign Exchange Trade among the latest data show, September 17 Japanese plain Center currency against the U.S. dollar in recent reported price of 6.7172, slightly higher than the previous day 9 basis points. This is the one currency against the U.S. dollar plain center near continuous record price of exchange reform since the sixth new high records.
1, at the present plain people table near identity of the currency appreciation still exist, it is important include high global oil prices, domestic inflation and accelerate the inflow of foreign capital, China foreign exchange reserves are too high, the domestic large trade surplus, the dollar Geng continued weakness, the Federal Reserve interest rate cuts and the weak dollar led to speculative capital inflows, the human plain close to the expected appreciation of the currency goes back to strengthen the other, the identity of the joint influence of these people makes plain record highs in recent currency exchange rates
2, data analysis:
1. China first net Fan Min, chief analyst told reporters that people plain progress in recent currency appreciation every 1 percentage point, the shoe profits reduced by 1 percentage point, the garment industry profit margins will be reduced by 2 percentage points. As at the present, the exchange rate has risen beyond 13%, corporate profits increasingly thin.
2. research data annotation, were plain appreciation of nearly 10 percentage points for each currency, affected by Danian Ye export growth should slow down on the body 3 to 4 percentage points, which, each into people plain export business in recent currency appreciation have heightened tensions.
3. According to some estimates of coherence, one plain nearly every 1% appreciation of RMB, profit margins will be selling shoes of hair reduced by 1% -6%; appreciation of 5% -10%, profit margins will be reduced 10% -60%.
the impact of the shoe:
give birth every year in China six billion pairs of shoes, all kinds, accounting for 60% of total world footwear, is the world most Danian Ye footwear manufacturing base. China is the world most Danian Ye footwear exporter, the world footwear exports accounted for more than 53% of total exports. China shoe industry has been quite important alive. What, then multiple problems plaguing China shoe exports: water broke Danian Ye country, small country brand embarrassment, lack of corporate R