According to the statistics of General Administration of Customs, in June the growth rate of traditional bulk commodity export is generally higher than the first 5 months’, the apparel export is 53.23 billion U.S. dollars, up 16% and accelerates 2.9 percentage points over the previous 5 months; the export of textile yarn, fabrics and products is 35.65 billion U.S. dollars with an increase of 32.3%, accelerating 2.6 percentage points.
After the exchange rate fluctuations, the risk of big orders and long orders become increasingly obvious, the meager profits are often nibbled by RMB appreciation. So China’s textile and garment enterprises are more inclined to take short orders and small orders, they decrease the pressure of RMB appreciation through settling the exchange as soon as possible and increase the product quote continuously. According to the statistics of China Textile Industry Association, under the influence of various factors, then the actual profitability of two-third enterprises of the whole industry is only 0.62%.