According to a head of a garment export enterprise, the quote of its garments increases by 10%. Behind this rise of quote are increasing costs and appreciation of RMB.
In vice-president of Firs Group, Mr. Li Qiming's mind, it is no doubt that cost of garment enterprises is up. The shortage of labor leads to a 10% growth of labor cost. Moreover, the price of fabric increases, too. As a result, the cost of garment rises.
Besides, the appreciation of RMB also influences export enterprises. In the future, the appreciation of RMB will remain stable.
There is a concern whether the growth of price will shift some foreign buyers. However, experts say that even though some buyers choose to buy products from other countries, the number will be quite small. Chinese products are relatively competitive because the rise of cost is a global issue.
