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Yen depreciation hurt China textile enterprise

Yen depreciation hurt China textile enterprise

Write: Mary-Ellen [2011-05-20]

It is analyzed that Yen depreciation will decrease China textile export to Japanese.

It is known that due to Yen depreciation, China export products price increase, which weakens competitive capability accordingly. The statistic shows that Once Yen depreciated by 1%, the profit rate of textile field will be decreased by 2-6%. In addition, some trade companies specializing in export to Japan or own Yen deposit will also be involved in negative effect.