Two major reasons to promote the rapid growth of China's furniture exports

Last year, China’s furniture exports accounted for US$32.99 billion, an increase of 30.3% over the previous year (the same below), showing that private companies’ export share ranks first, and the growth rate is leading; exports are mainly based on general trade; they are mainly exported to the United States, the European Union and the Association of Southeast Asian Nations, among which ASEAN’s exports have increased significantly; December’s exports have reached record highs; Guangdong and Zhejiang are the five major export provinces and cities. Mainly affected by the following two major reasons.

The China-ASEAN Free Trade Area has become a force to drive furniture exports. On January 1, 2010, according to the “China-ASEAN Framework Agreement on Comprehensive Economic Cooperation” time frame, the China-ASEAN Free Trade Area was fully launched, marking China and 10 ASEAN countries. The region that consists of nearly 6 trillion U.S. dollars worth of gross national product and 4.5 trillion U.S. dollars of trade volume has begun to enter the zero-tariff era.

The zero-tariff preferences of the “China-ASEAN Free Trade Area” and a series of convenient policies provided by the free trade zone have greatly reduced the export costs of furniture in China; at the same time, due to its convenient maritime conditions and restrictions on the trade of exported furniture products. Less, it has become a force that has driven China's exports to grow substantially.

The economy of major countries such as the United States and Europe recovered steadily, and the US real estate market slowly recovered. In 2010, the economies of major economies such as Europe and the United States recovered steadily, and the demand for residents rebounded, driving China’s exports to maintain rapid growth. According to data released by the American Institute for Supply Management (ISM) on January 3, 2011, the US ISM Manufacturing Purchasing Managers Index (PMI) was 57 in December, up from 56.6 in November, and the growth rate has risen since May 2010. New heights; According to data from the US Department of Commerce, in November, new housing starts in the United States were calculated at an annual rate of 555,000 units, an increase of 3.9% from the revised data in October; the US second-hand housing sales continued in November Slow recovery momentum, sales volume growth of 5.6%, higher than market expectations.

At the same time, according to data from the European Commission, due to the strong growth in the economies of Germany and France, the Eurozone’s manufacturing Purchasing Managers’ Index (PMI) expanded for the fourth consecutive month in December and rose to 57.1, continuing for the 15th consecutive month. 50 above the divide line.