Research Centre of China's banking in Central University of Finance and Economics recently published a report, indicating the influence of RMB appreciation on the exporting companies, among which 44.5% of the textile, apparel, shoe and hat manufacturers can stand the 2% increase of RMB appreciation, but none can bear the 6% increase. However, the increase in RMB value will accelerate in 2008, with more than 4% appreciation of RMB to US dollars in the first quarter, so more pressure is expected to occur on small and medium sized exporting companies.
