Take the typical labor intensive textile industry as an example.

In Zhejiang Province, where textile and garment industry relies on exports for 60%, the value of RMB has appreciated by 1%, and the profit margins of cotton textile, wool textile and garment industry have dropped by 3.19%, 2.27% and 6.18%.

According to the survey conducted by the China Textile Industry Association, in the first quarter of this year, 2/3 of the textile enterprises in Jiangsu, Zhejiang, Shandong and other 6 provinces and cities had an average profit of only 0.62%.

Not only the textile industry, but also the labor-intensive industries like electronic components, toys, ceramics, furniture and so on.

In the early days of reform and opening up, the mode of "overseas orders and coastal processing" in the eastern part of China changed to "coastal processing and processing in the mainland" in the new industrial pfer.