To enter in December, the yuan fell slightly against the U.S. dollar. Analysts believe that the slight depreciation of the RMB against textile exports to stimulate limited.

Guotai Junan analyst Lee Sin quality of the view that the devaluation of the yuan so that only two types of textile export-oriented companies to benefit from greater: one with strong bargaining power, plenty of orders for the company; the other is the export structure of the smaller proportion of exports to the EU, the ratio of exports to the United States Larger enterprises.

Analysts said that as most of China’s textile and apparel products, low added value, the bargaining power of poor export enterprises, devaluation of the Renminbi in the revenue generated by export enterprises can not be. Foreign according to the devaluation of the Renminbi rate adjustment offer products with some of the pressure on RMB appreciation when transferred to foreign investors, exporters have access to the depreciation of earnings 50% to 80% of the different enterprises to benefit from the degree of bargaining power and competitiveness of the decision.

Guotai Junan analyst Lee pointed out that China’s textile and garment export structure, exports to the United States accounted for 14%, pegged to the dollar, together with other countries and regions, the yuan against the U.S. dollar exchange rate change can affect the export sector does not exceed the total amount of exports 40%. China and the European Union, Japan’s export share of total exports accounted for 20% and 11% devaluation of the RMB against the U.S. dollar to stimulate Europe’s sluggish consumer demand can not be improved significantly with China’s comparative advantage in textiles.

Child with clothing, vice president of the Friends of Liu said that the RMB against the U.S. dollar down in the near future, short-term indeed stimulate exports, but exports depend on the degree of benefit from the annual average exchange rate changes, rather than the short-term Change.

In addition to China, the other major textile exporting countries of the currency against the U.S. dollar experienced a substantial devaluation: The Indian rupee depreciation of 21.05 percent, 15.96 percent devaluation of the Thai baht, Indonesian rupiah depreciation of 22.16 percent, 6.23 percent devaluation of the Vietnamese dong. Analysts believe that the continued sharp depreciation of the yuan next year less likely.