China's foreign trade enterprises are facing a double risk of decline in the purchasing power of the U.S. market increased exchange rate losses

"Recently, China will not be a temporary phenomenon of large-scale sell U.S. Treasuries, but the foreign trade situation is indeed worrying." Head of International Business Sun Yat-sen Wang Xi said China's $ 3.19 trillion in total foreign exchange reserves, the reserve account for trade 60% see China-US economic and trade relations are stuck with each other and if the dollar continued to decline, China will suffer serious losses.

Reporters learned that the U.S. economic environment changes, some foreign trade companies has quietly changed its method of settlement of U.S. trading partners, for example, all the way to wire transfer payment, the full amount paid before shipping so. "We are the same industry people have been concerned about U.S. debt information in the United States has always been our main market, but now it seems, becomes unreliable reputation. "Guangdong's foreign trade with the United States to do daily business of Miss Lai told reporters that the credit downgrade of U.S. debt is certainly the purchasing power of the American people will have a tremendous impact, the U.S. capacity to import is bound to weaken, this way, China has done will inevitably bring the U.S. market, manufacturers of the impact of the order to reduce or even plant closures are likely to do. So for doing foreign trade is concerned, at this time on the need for the strategy of market diversification, can open up new markets, such as East Asia, Central Asia, the Middle East so as to reduce the U.S. market decline caused by adverse effects.

Miss Lai said: "As the dollar has been reduced, reduction in the number of our customers. Coupled with the U.S. China is also inflation, we now consider the switch to the euro for the transaction, but on the consumer goods exports, the United States of will not significantly reduce demand, yet have little impact on China. "

The Conference Board released data showing U.S. consumer confidence index fell to its lowest level in two years. Bear the brunt of the impact of the U.S. retailers, while retailers, direct spread to the pressure of China's export enterprises in Guangdong's foreign trade to another small company owner Mr. Jiang that the U.S. directly reflects the confidence of the American people basic necessities of daily spending power. "daily spending power directly affects the sales of Christmas goods if the United States still take down the exchange rate method, for those of us poor economic strength, low profits small businesses, domestic or foreign trade industry had to integrate. "

"Of course, the credit is reduced dollar, but also a sensitive issue is the exchange rate." Jiang reveal, when the offer is now generally required to lock a certain rate, from orders to cash, at least 90 days, during which, if dollar devaluation, the exchange rate and a lower price, export profits will suffer, if the exchange rate fluctuations over a certain range, we can only price adjustment.

Expert analysis, the U.S. financial means on the verge of exhaustion, in this case, the pressure may be down to monetary policy, if the U.S. decided to launch the third round of the quantitative easing monetary policy, printing more dollars to pay off their debts for China's exports businesses is bad news, especially on August 7, the former Federal Reserve Chairman Alan Greenspan told NBC radio interview that "the United States just start printing money to pay all debts." while Greenspan denied that the U.S. economy possible risk of second bottom, and that the United States better than Europe, China's economic situation, which virtually evidence of adverse claims of Chinese enterprises.

For this reason, some experts have suggested that for China itself, the Government should increase investment in the people's livelihood, improvement of social conditions,Improve people's living conditions, so that people's pockets bulging, to truly improve the population's purchasing power, so you can bring for the transfer of foreign trade domestic market in this area can reduce the foreign trade factory orders shrank to adverse effects.

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