Helplessness in response to U.S. foreign meaning not to force

” this is really unexpected that RMB exchange rate against the U.S. dollar dropped from 1:6.6 to 1:6.39!” At August 14 noon in the International Trade City one district market, the British Muslim businessmen told reporters that since the United States sovereign credit rating level down from AAA to AA + grade, his customers in the United States and Africa are “very angry.”
In Yiwu, a lot of money settlement of foreign currency is the renminbi, but in Europe and America, they deal with dollars, the U.S. sovereign credit rating downgrade raises RMB appreciation, meaning foreign in yiwu profits in less and less.

“I am in business for two years inYiwu, and feel the hardest this year, the profit is too thin.” Said by British Muslim businessmen who in Yiwu in 2009 opened Muslim import and export foreign trade company, main footwear apparel, electronics and handicrafts into export business.when speaking of U.S. sovereign credit rating downgrade, Mulism ​​could not help to speed up a lot. “I purchase in Yiwu market, most are settled in RMB, now the exchange rate cut, my profits virtually disappear a lot.” Mulism said these profits disappear are “the exchange rate to blame.” . The same as 10 million dollars,now the exchange rate is 1:6.39, compare with the previous exchange rate of 1:6.6, the difference up to 2.1 million yuan. But we do nothing, or to continue to do business,the only I do is wait.” Mulism said and waved his hand.