Core Tip: RMB appreciation, the impact of rising labor and raw material costs in recent years, mainland Chinese textile and apparel industry in the world's major markets weakening competitiveness, declining market share in the major markets in Europe and America. However, the continuous depreciation of the RMB in the process, the performance of mainland textile and garment export enterprises began to recover and rose slightly.

The RMB appreciation, rising labor and raw material costs rising influence in recent years, mainland Chinese textile and apparel industry in the world's major markets weakening competitiveness, declining market share in the major markets in Europe and America. However, the continuous depreciation of the RMB in the process, the performance of mainland textile and garment export enterprises began to recover and rose slightly.
Industry pointed out that the depreciation of the RMB against the US dollar for each 1%, on sales of textile and garment industry will rise 2-6%, and the textile and garment industry in mainland ranked first in the global scale, the huge impact of exchange rate changes on the industry. The sudden sharp devaluation of the RMB, the average profit margin of less than 10% of the textile and apparel industry with a boost company performance.
Statistics show that in 56 textile and garment export business of listed companies, foreign business gross margin of 33 companies rose, 23 companies declined and another gross foreign operations.
Another official said the listed textile and garment industry, devaluation and sometimes it does not mean the company's performance improved, some customers in the devaluation also requires lower clothing prices.
Following the devaluation of the yuan in the first half of 2016 again, export-oriented textile and garment industry most listed companies are profitable. Data show that the first half of 2016, the majority of listed companies in the textile and garment export-oriented reporting the results is expected to achieve growth of different magnitudes. The latest data show that in 2016 1-6 months, China's total exports of textiles and garments 8,028.7 billion yuan, representing growth of 2.1% over the same period in 2015, which textile exports 3,379.7 billion yuan, growing 4.2 percent, garment exports 4,649 billion, growing 0.6%.