"Now the business is getting harder and harder." U.S. sovereign debt credit rating lowered, making the world's largest commodity wholesale market in yiwu international trade city dealers who trade on the future of the business feel the pressure, the purchase price has been paid on schedule European and American customers to delay payment of the purchase price.

Perennial good co-operation of foreign debt this time

In yiwu international trade City, third floor of the Christmas area, business owners have been engaged in household Jiang wholesale Christmas items, mainly for export in Europe and America, the size of the annual exports of 500 million dollars. Compared to last year, he improved slightly this year's orders, but profits low for. He said, "raw material prices, labor and logistics costs are also increasing, prices of plant requirements, but foreign refused to raise prices, the current can only be compressed to absorb the cost." He estimated the cost of Christmas this year increased by 15 percent foreign customers are only willing to accept up to 5% price increase.

The U.S. credit rating cut, making the city of Yiwu International Trade business households in the hot weather they feel the coolness. B, a jewelry shop, said business users, this two-day orders are very small, and previously unexpected set list is also repeated. "A loan payment schedule had previously been customers of Western Europe, signed an order on Zhousan Gang, call me today, postpone the delivery or payment to be delayed three months to pay, but the plants I have here a notice under production . "She believes that this and the United States downgraded, the weak dollar has a certain relationship.

Yiwu Foreign very weak dollar so that injured

In Yiwu International Trade City, a jewelry district, Croatia Ivica Chang while visiting foreign shops, while Oscar chatter and his assistant and translator to discuss the current U.S. credit rating downgrade of the topic. Yesterday afternoon, he found nothing in the market, intends to come back tomorrow look for lower prices would give him a new trading partner. For the U.S. government's approach, the jewelry business for over eight years of European businessmen have a lot to the gas, he said: "The U.S. government itself made a big mistake, but want to send lots and lots of notes, the loss is passed to the on others, passed on to the Chinese people who passed on to us who these traders. "

Oscar said, Ivica Chang perennial in Yiwu purchase, and then sold to European and American countries these ornaments, pocketing the difference. In Trade City, clearing the way he is with RMB, but in Europe and America, he is back to the U.S. dollar, the RMB appreciation, weaker U.S. dollar, he's less and less profit. "The U.S. government this approach is to rob people of the world's money." Ivica Chang said.

Crisis is a reshuffle China's foreign trade enterprises

Yiwu Tong straw is double the world's largest manufacturer of drinking straws, straw market share of the international accounting more than 30%. General Manager Building Zhongping that the possible new round of crisis, both on the domestic foreign trade enterprises a reshuffle, zhejiang's foreign trade is forcing a driving force for business transformation and upgrading.

Building Zhongping explained that, in essence, the commercial advantages of business is to make resources to tilt. Economic crisis is the economy overheating or an adjustment of the bubble economy, because too much emphasis on prior earnings, the pursuit of development. For SMEs, the economic crisis can make the blind rely on speculation that a clear business benefit, a real return of the industry, or improve the technological content of products to enhance the international competitiveness of the market, or to vigorously develop the domestic market. "Several years ago two-child a straw to 90% exported to the U.S., the financial crisis we had a great impact, now a successful transition, 70% do domestic sales, the impact of depreciation of the dollar is very small."

- Finance Watch

U.S. downgrades or trigger a global depreciation of the contest will be subject to the impact of China's export industries

S & P cut the U.S. sovereign debt credit rating caused by the global "stock market crash" people getting scared, the next step will trigger a global currency "devaluation race" the same concern. Because the U.S. is China's second only to the EU's second largest trading partner, the dollar, further increasing the pressure of RMB appreciation, coupled with economic recovery hampered by shrinking consumer demand caused by the United States, Chinese exports to the U.S. is difficult to shake off a slowdown in exports, business start less risk.

The short term, due to the lower credit rating due to rising financing costs, the dollar may be the world outside the other major currencies except the euro continued to weaken, resulting in the global market continues to intervene in currency markets, and thus impede China's exports. Long-term, the United States reduce the fiscal deficit, reduce the expenditure of the move will accelerate the pace of decline in U.S. imports, thus making China's exports to the U.S. trade to slow further.

Customs statistics show that in 2010 bilateral trade worth $ 385.34 billion, accounting for 12.9% of China's total trade. Pearl River Delta, said some foreign companies from the business point of view, the current U.S. debt rating cut the direct impact of the global capital markets, the impact of foreign trade industry mainly conveyed through the indirect impact of the exchange rate.

Engaged in traditional manufacturing-based Shunde Lighting International Lighting in this state, general manager of the project, said He Wei, European and American markets is the company's main export, since late last year, the RMB appreciation against the U.S. dollar has maintained the trend, but downgraded after the U.S. the exchange rate is likely to fall further, "This year has been very difficult business, and now the dollar further, companies will have more pressure, we either price adjustment, or can only give orders."

Guangdong University of Foreign Studies, deputy director of the International Trade Center, said Professor Xiao Yaofei S & P may cut U.S. debt rating this week on the fastest trigger further instability in global currency markets. He analyzed that, due to global investors worried about the U.S. debt ceiling, over time, the Japanese yen, Australian dollar, Swiss franc and other major global currencies have soared, "In addition to the euro because its the same with the more serious debt problems, Taking into account the global market because of lower credit rating of U.S. debt arising from the 'hedge' effect, with the United States may for the purchase of government bonds and by printing dollars, will depress the dollar and raise the price of gold, certainly in the near future these countries and Brazil Some emerging market countries, currency appreciation against the U.S. dollar trend will remain, which will lead governments to intervene now in Japan, Brazil has been intervention, as these countries generally sluggish domestic economy, do not rule out such an intervention caused a certain degree of 'depreciation competition ', and then to the impact of China's export industries. "According to the Xinhua News Agency

- Focus on overseas stock market crash reduced American consumer spending 140 billion next year

Stillwater, Minnesota, United States city of technical consultant Greg Schulz, a few days ago has just spent $ 200 to their computer is equipped with memory and hard drive, although the stock market has dropped, but he still felt necessities of consumption can not be shelved. However, when the market continued to drop since last Thursday, he began to rethink their spending habits. "I am now a lot of convergence, would not just waste," he said, "If found to have any special cost-effective promotional items, such as intelligent electronic table or something, I might consider buying, but things will not be considered large the. I originally wanted to buy a new 80-inch 3D TV, now is definitely not buy slightly. "

"I do not go to restaurant to eat a big" 58-year-old retired Northwest Airlines pilot Murray Sibai Hector said, "entertainment expenses also decreased a lot, although my savings pretty enough, but the stock fall so powerful, I still have to be careful to protect their own assets, such as improvement in the situation say. "

Consulting firm Capital Economics economist Paul Luodaiersi forecast, stock prices will lead to reduced consumer spending next year about the American people $ 140 billion (equivalent to 1.3% reduction), and slow the economy's annual growth rate half a percentage point. Some analysts have pointed out that the stock market turmoil to the full impact of the largest crowd. "80% of the shares are 10% of the richest in society who hold, and the community that the richest 20 percent of consumer spending accounts for 40% of national consumption," McNeely, chief economist at the International Council of Shopping Centers Mia said.

And this is accompanied by the luxury goods retail sector facing unprecedented challenges. All along, the luxury goods industry is the growth of the most solid foundation for the richest people in society, and now, luxury retailers Tiffany and Saks Fifth Avenue department store found that the business more and more deserted. "Yes, we have indeed tightened the budget," is on vacation in Las Vegas tourist, California, said Joe Kelly, "It is not the same as the previous situation, when we used to play has never been reluctant to spend how much money.