Price Competition For Chinese Garment Exporters

< p > Japanese Importers profit from the depreciation of the Japanese yen, which has brought more price competitiveness to the Chinese market.

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In the past six months, the appreciation rate of RMB against the Japanese yen has reached over 20%, which has already had a certain impact on the import and export of foreign trade (P).

Recently, reporters from the world trade mall held "2013 (spring)" a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > a target= "_blank" href= "//www.sjfzxm.com/" > clothing > exposition ", we know that some exporters are faced with the demand of Japanese businessmen to reduce prices, and have no profit; while Japanese Importers are just the opposite. The depreciation of the Japanese yen has brought more price competitiveness to the Chinese market." target= "

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Since P, since April, the yen has continued to depreciate against major currencies in a series of loose monetary policies.

In April 8th, the yuan appreciated more than 5% against the Japanese yen. In recent days, the RMB exchange rate in the inter-bank foreign exchange market has reached 100 yen to 6.3574 yuan.

Looking back for half a year, the appreciation of RMB against Japanese yen is over 20%.

Since last June, the yen has become the second currency that can be traded directly with the US dollar after the US dollar.

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The appreciation of RMB P against the yen is no good for export enterprises.

The commercial reporters interviewed several exporters at the recent textile and Clothing Fair. Although they still used the US dollar as the settlement currency, they were also affected.

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< p > an on-site member of an export enterprise in Ningbo told the business daily reporter that 90% of the annual output of the enterprise was exported to the Japanese market. Due to the long-term cooperative relationship with Japanese businessmen, the impact of the devaluation of Japanese yen is not very obvious, but there are merchants who want to lower prices on the basis of the depreciation of the Japanese yen.

"If the profit is too low, we will not be able to do it."

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The staff of Shanghai long and Da Jin industry and Trade Co. Ltd. conceded that the depreciation of the Japanese yen really had a great impact on exports. < p >

The company mainly trades in wool and wool blended fabrics, with a general delivery date of 3-4 months.

And the continued depreciation of the yen is likely to make it unprofitable for the company to make delivery.

"Now some Japanese orders, prices can not be done, can only directly cancel the order."

The staff said that if the depreciation of the yen continued, it would consider importing fabrics from factories in Japan.

"Because the labor costs in Japan are higher, imported fabrics are much more expensive than those produced by Shanghai factories, and the price difference will be narrowed after the depreciation of the yen."

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< p > relative to the "worry" of Chinese textile exporters, the Japanese industry has shown a "happy" state to China's imports.

Recently, the textile and apparel exhibition focused on the technology, design and products of China, Japan and Korea. Among them, Japanese exhibitors occupied the largest share.

In addition to functional innovation and quick spot supply service, Japanese exhibitors are aware of the price competitiveness brought about by the depreciation of the Japanese yen.

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"P >" Xu Yang Industrial Co., Ltd. is mainly from the patent textile fiber from cotton.

Japanese staff at the scene told Business Daily reporters that such fabrics were relatively high-end, and the depreciation of the Japanese yen did bring some benefits to its promotion in China.

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Prior to exhibiting, P also took into account the devaluation of Japanese yen and temporarily adjusted the price of products announced at the exhibition site.

"Because yen has depreciated 20% yuan against the RMB in half a year, the price adjustment has the highest 20% space."

The Japanese businessman is expected to increase the number of Chinese purchase orders received at the exhibition.

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