As of August 11, 2011, US dollar has fallen below CNY6.40 notch. With US dollars continuing to devalue, Chinese exporters face more pressure together with rising labor cost, hiking raw material cost as well as continuously rising living commodity prices.

One day earlier, China‘s National Bureau of Statistics disclosed July Consumer Price Index (CPI) as 6.5%, posing a 37 month high. General public faces living pressure, and this impacts consumer's daily expenses.