UGG OutletBuy shoes, clothing exports Sichuan negative growth

the middle of China Foreign Exchange Trading data released yesterday, Center of RMB against the U.S. dollar price of newspaper 6.4696, then the foreign exchange reform has been high. From June 19 last year, the central bank to restart the reform has been one year, the yuan has appreciated against the dollar than 5.5%. Chengdu Customs data released yesterday, the first five months,UGG Outlet Online, Sichuan, clothing, footwear exports showed a negative increase. Industry analysis, the RMB appreciation, this year's buy shoes since the factory closed in Chengdu Jin Yicheng, border trade (mainly in Russia) orders dropped five percent.
affect a small shoe factory down Jin Yicheng
According to the Chengdu Customs calculation of data recently released this year, 15 months, Sichuan, clothing, footwear exports showed a negative increase,UGG Boot, Sichuan footwear exports $ 250 million, down 9.7%; exports of clothing and accessories to wear $ 380 million, sharp by 58.6%. Factory orders in the signature, the date of signature of the exchange rate tend to settlement. While this approach is conducive to the appreciation of the renminbi risk passed on to customers, but also directly reduces the customer's orders. She said the previous year, to 12 European practice group price for 15 days at 1.3 million, followed by the appreciation of the RMB, current price of 1.1 yuan, 1,000 yuan cheaper. 1 year,UGG Outlet, the RMB has appreciated against the dollar than 5.5%. Nang past year, the RMB exchange rate movements of all a
data, restart the reform after the first two trading days, the RMB against the U.S. dollar center will be substantially higher price 295 basis points, breaking the 6.80 pass, the day of amplitude close to 0.5%, the highest since the volatility of the exchange rate reform to restart the most. Subsequently, on January 13 this year, the RMB against the U.S. dollar price of breaking the 6.60 center pass; break again April 29, 6.50, In addition, the RMB appreciation also features a two-way floating.
calculations show that in former times past more than 200 trading days, the center of the RMB against the U.S. dollar price appreciation of a total of 147 trading days, reduce the value of 92 trading days.
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