According to the latest data from the China Foreign Exchange Trade System, the central parity rate of RMB against the US dollar was reported at 6.8436 on March 5, a drop of 26 basis points from the previous trading day. Although it has rebounded, it has little impact on apparel companies. In 2008, the US dollar has been falling, which has caused a decline in the growth rate of the export business market, and many companies have fallen.

On March 2, the central parity rate of the euro to RMB exchange rate broke through 1:6.87 for the first time, and it will become increasingly difficult for export textile enterprises to maintain reasonable profit margins. For most textile export enterprises, the cost of raw materials and labor is paid in RMB. Therefore, in the case of successive depreciation of the US dollar and the euro, how the RMB price of export products changes will determine whether the enterprise can maintain a reasonable price. Profit margin is undoubtedly a great challenge. A new round of industry reshuffle is accelerating.