Study Of The Countermeasures For China's Textile Enterprises Against The Exchange Rate Risks

The textile industry is China's traditional industries, but also has been a pillar industry of China's national economy. Textile industry as the largest of China's export industries, which external dependence is very high, so it is particularly sensitive to exchange rate changes. However since the exchange rate reform in 2005, sustained a cumulative appreciation of the RMB has appreciated by 21%, textile and apparel exports to China have had a severe effect, the study of the countermeasures for China's textile enterprises against the exchange rate risk is of great theoretical and practical value.In this paper, taking a comparative analysis of static analysis with the method of combining the development of China's textile enterprises to carry out an analysis of the status quo, study the relationship between the RMB exchange rate and China's textile exports through the empirical analysis, and verify that the RMB appreciation impediment China's textile and apparel exports, and the effects of short-term is larger than its long-term. On this basis this paper say: in the current against the backdrop of the appreciation of the RMB accelerated, China's textile enterprises should be self-starting, to take positive measures to guard against exchange rate risks. At the same time, in accordance with the production and management characteristics of China's textile enterprises, this paper presents a wide range of effective measures to guard enterprises against exchange rate risks.