At the moment, it is time for cotton to be harvested in large scale. However, most areas in the country are trading lightly.

One of the culprits contributing to this tragedy is the negative impact of the spread of European debt.

The European debt crisis has not only affected European Industrial revival, but also affected the export market of some light industrial industries in China.

The EU is the largest trading partner of our country. When it was deeply in debt, the EU market inevitably appeared to a certain extent.

Data show that since the two quarter of 2010, China's growth in trade with the European Union has entered a downward channel.

In August 2011, China's export growth rate to the EU was flat.

From the profit margin of China's export industry in 1-6, due to the lack of bargaining power and the huge increase in labor costs and raw material costs, the profit margins of clothing, footwear and light industry in China have declined sharply, and profits of some industries have declined sharply.

More seriously, the European debt crisis is likely to continue to deepen.

Although Germany and France promised to introduce a comprehensive measure to solve the European debt crisis.

But with regard to the pace of rescue, the rescue effect will be delayed until 2012.

The European debt crisis will not be effectively curbed in the short term, and the possibility of deepening the crisis will increase.

During this period, the impact of the European debt crisis on China will continue to spread.

According to Zhu Jianfang, chief economist of CITIC Securities, China's exports to Europe account for 20% of its total exports. According to the trend of the euro zone's leading indicator OECD and the growth rate of China's exports, we will face greater pressure on foreign demand in the future.

Judging from the extent of the impact of the industry, the European debt crisis deepens finally.

Sun Fei, chairman of the financial investment committee of China International Economic and Technological Cooperation Promotion Committee, is more pessimistic.

He said that if the European debt crisis broke out, it would inevitably lead to the decline of international trade. China's export orders declined, and export enterprises closed down, which led to the unemployment of workers.

China's real economy will be greatly affected, and economic growth will also decline.

In order to resist the spread of the European debt virus, it is necessary for us to establish a firewall.

Bai Peng Ming suggested that the trend of euro zone entry into trade protectionism is very obvious. China's foreign trade export enterprises should expand their product sales channels ahead of time.

In the short term, exporters may consider Japan and emerging economies.

It is the joint efforts of both countries that make China's export data remain bright.

At the same time, our country must speed up the pformation of economic structure, increase the intensity of independent innovation, and strive to increase the added value of export products, without giving the EU the technical barriers and green barriers.

Sun Fei suggested that China should actively participate in the rescue of Europe in the spirit of a big power.

This can not only support the euro zone countries to overcome the crisis, but also to deepen our cooperation mechanism with the international community and enhance the international discourse power, but it is necessary to choose the way of assistance carefully.

China is not trying to save Europe from buying its bonds alone, but rather by expanding its sales network and occupying its market share.