Source: Yiwu sourcing agent Author: Date: 2011-08-10
After the global stock market is influenced by pessimism which is triggered by the American debt crisis,whether it will influence trade field becomes a problem about which the inland importers are worried.Yesterday,journalist interviewed several Yiwu enterprises and knew that the influence of American debt crisis on exported smallware does not appear now.But there is bad expectation in industry.
Worry:Profit sof Smallware may Decrease
Two things, which are related to American debt crisis,worry global investors recently.One is America increasing debt limit.Another thing is the international rating agency Standard and Poor's downgrade the American long-term sovereign credit rating from "AAA" to "AA+".This is the first time for America to lose sovereign credit rating of "AAA".
Some domestic experts think that the appearances of these two things mean America will continue to print many United States notes.It is equal to starting the Quantitative Easing for the third time.It will lead to the rapid appreciation of CNY and increasing conflict of international trade.And the individual spending power of America will weaken.The previous vice-president of the Economic College of Peking University,Cao Heping said,the the most direct influence of downgrading of American sovereign credit is continuously decrease if exchange rate of USD to RMB.It is a big jump to foreign trade enterprises.
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