USD Price Dropped 10% Due to Exchange Rate
Last 2 months, Chinese RMB rose rapidly against US Dollar. On July 1st, the exchange rate is still around 6.30. Before the deadline for publication, the exchange rate already exceed 6.85, which means our USD price drops around 10% since June.
In 2018, prices of raw materials have grown rapidly in China’s total exports have fallen significantly. This exchange rate change is believed to have a positive impact on our exports.