RMB Against The U.S. Dollar Fell More Than 500 Points, Foreign Trade Benefited RMB Devaluation

< p > reporter noted that the industry pointed out that, because of the continuous decline of the RMB exchange rate against the US dollar, if this trend continues, export oriented industries will undoubtedly benefit significantly, including < a href= "//www.sjfzxm.com/news/index_c.asp" > spinning and weaving garments < /a > toys shoes and caps.

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< p > < strong > depreciation will help reduce export cost < /strong > /p >

< p > in recent years, the continued depreciation of < a href= "//www.sjfzxm.com/news/index_c.asp" > RMB < /a > has become the focus of attention of the whole market.

Insiders told reporters that from the point of view of the industry, the A share oriented export oriented industry will undoubtedly benefit from the depreciation of the RMB, and the textile and clothing, toys, shoes and caps will be the biggest beneficiaries.

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< p > first, the textile and garment industry is highly dependent on exports. The devaluation of the RMB will help the company to reduce costs and improve product competitiveness. Enterprises will get more orders, and on the other hand, it will help export enterprises gain foreign exchange earnings.

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< p > > from the < a href= "//www.sjfzxm.com/news/index_c.asp" > A share market < /a > the specific companies, many enterprises in the textile and garment industry mainly sell abroad, and the main market is the sale of the towel series products based on //www.sjfzxm.com/news/index_c.asp (002083, closing price of $4.77).

The company's semi annual report 2013 shows that offshore sales account for 69.65% of revenue.

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< p > the company sells products to more than ten countries and regions such as Japan, the United States and Europe. Since 1999, the number of export and export volume has been ranked first in the same industry. Lu Tai A (000726, closing price is 9.25 yuan) is the leading product for shirts, dyed fabrics, shirts and other products.

85% of the company's products are sold to more than 30 countries and regions, such as Japan, the United States, Britain, Italy and New Zealand.

In addition, enterprises may also benefit from Shanshan, YOUNGOR and Hong Kong stock.

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Less than P, the industry said, the same benefit from the depreciation of the yuan also includes the toy industry. The devaluation of the renminbi means that the purchasing power of foreign currencies is enhanced, which will further stimulate consumption and benefit the toy industry.

Such as good Gao Le shares (002348, closing price of 7.70 yuan).

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< p > < strong > household appliances industry is expected to increase export volume < /strong > /p >

Compared with the leading position of China's textile and apparel industry in the international market, P has also played an important role in China's foreign trade industry.

Analysts believe that with the depreciation of the renminbi, many home appliances listed companies in the A share market are also expected to see an increase in export volume.

We can pay attention to the company (002260, closing price 13.18 yuan), the US group (000333, closing price 38.94 yuan).

Midea Group as the leading domestic power and small household appliances, as of the end of 2012, the company has built production bases in Vietnam, Belarus, Egypt, Brazil and other 6 countries.

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In addition, people in the industry believe that in the context of the depreciation of the RMB, the industries such as steel, shipping and chemical industry will also gain a good profit.

For example, for the steel industry, after the depreciation of the RMB, the export of machinery and household appliances will rise, which may enhance the domestic upstream steel market demand.

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