The near future Many countries intervene in exchange rate self depreciation. Monetary Value The global exchange rate war is rising. In September 21st, the US dollar broke through the 6.7 pass against the RMB exchange rate and reported 6.6997. In September 24th, the US House of Representatives fundraising committee approved the Chinese exchange rate bill and submitted it to the house of representatives for approval. In September 30th, the US House of Representatives passed the latest amendment to the fair trade monetary reform bill by a full vote. If it comes into force, it will probably trigger a trade war between China and the United States, and pressure China to allow the renminbi to accelerate appreciation. Two countries The long-standing disputes over trade and employment.

Judging from the current situation, the appreciation of the RMB and the cost and quotation of our textile and clothing will, to a certain extent, lose the competitive advantage of the products in the international market, and the export will be suppressed. Some bargaining power enterprises can shift part of the appreciation pressure through the price increase, while the uncompetitive enterprises will be the first to be hit. If the RMB continues to appreciate, more and more enterprises will be eliminated. It will also lead to the passive adjustment of the textile industry and even the forced mechanism. If the enterprises do not upgrade their industries and adjust their structure, they may be eliminated, and the industry will also face a new round of shuffling.