According to foreign reports, while the exchange rate of RMB against the US dollar remained stable, the exchange rate of other countries' currencies against the US dollar decreased significantly, which further weakened China's textile and clothing export advantages.

In 2008, the unit price of textiles and clothing exported to the United States increased continuously for fourth years.

In September, textiles and clothing imported from the United States decreased by 0.4% compared with the same period last year. The cumulative import volume in 1-9 months decreased by 2.7% compared with the same period last year, while cotton products and chemical fiber products slipped synchronously, and the decline in clothing was particularly prominent (-6.0%).

In October, the average price per square meter of textiles and clothing exported to the United States increased by 9.1% compared with the same period last year, while the increase in other regions was only 0.5%.

Specifically, the cost of clothing in China rose by 2.3%, while that in other regions decreased by 1.4%. The price of cotton clothing increased by 3.5% compared with the same period last year. The price of chemical fiber clothing in other regions decreased by 1.5%, while that in other regions increased by 1.5%.

If the renminbi remains stable or continues to rise against the US dollar, the cost of textiles and clothing to China will increase further in the coming months.