The Impact Of US Government Suspension On China'S Foreign Trade

USA president Obama Barack Obama signed the bill in the early morning of Thursday (October 17) local time to end the closure of the US government and raise the US debt ceiling, while the events that had been bustling for several weeks had had an impact on Chinese exporters.

Global Resources (GlobalSources. com) conducted a survey on 112 Chinese companies from October 9 to 11 exit The results of the questionnaire conducted by the businessmen show that the export business of 10% of the manufacturers to the United States has been affected by the shutdown of the federal government.

At the same time, more (34%) exporters said that if the closing problem is not fundamentally solved, their business with the United States will be affected in the near future. This means that the "ripple effect" of the closure will probably emerge from China's exports to the United States in the coming months.

The biggest impact on Chinese exporters is the recent decline in US orders. Worried that the government's closure will slow sales, and American buyers will reduce imports Purchase volume 。 Some Chinese exporters even reported that the delivery was blocked or even the order was cancelled.

Nevertheless, nearly 60% of the exporters interviewed said that they would pay more attention to the development of the situation in order to take action to deal with the slowdown of American business. As of the end of this investigation, the US Congress still failed to reach agreement on the budget bill.

The patience of Chinese exporters stems from the overall optimism about the prospects of the US market. Compared with the export volume in 2012 and the forecast in 2013, most exporters still value the US market.

At the same time, other manufacturers have begun to take action to deal with the slowdown in US orders. More than a quarter of exporters plan to focus on promoting other products that are not directly affected by the government shutdown. A few manufacturers intend to suspend their export business to the United States before the government shutdown event is completely resolved.