Renminbi Revaluation Reducing Textile Exports dyUS2.5B

摘要

The revaluation of the Chinese currency is showing a remarkable effect on China's textile trade.The country's textile,apparel,footwear and headwear industries heavily depend on exports.Since the export shares are as high as 51%,they are easily affected by the fluctuation of exchange rates,and the opaque trade environment is making matters worse.