Approved by the State Council,Ministry of Finance,State Administration of Taxation jointly issued a circular,clear from the November 1,2008 increase from the appropriate part of the labor-intensive and high-tech,high value-added commodities export rebate rate.Among them,the household and artistic ceramics export tax rebate rate to 11%,will be part of the Furniture Export tax rebate rate to 11%,13%.
Adjust the depth of home furniture export industry faces slowdown
Ceramics export tax rebate rate raised to 5%from last year's 11%magnitude beyond industry expectations.The wood furniture export tax rebate rate has also gone from 13%,11%to 9%after the first down up the process.The export tax rebate rate of 2%for the relevant enterprises into profit margins,as domestic industry"winter on the"context of widths.But there are a large number of furniture companies that can not overestimate the short term the practical meaning of the policy.
Little impact on the Beijing company
In a recent forum in Shenzhen,the Shenzhen Furniture Association has revealed that many of the local export-oriented furniture companies are facing closure,the entire Pearl River Delta region around 5-6 thousand.Export tax rebate rate,many furniture companies sigh."For some export goods have already been scheduled,or are closing process for the export trade,the policies to solve a lot of practical problems.Without this policy,many may have to cancel the order."Emerging Sheng Furniture Co.,Beijing KBA Chairman Lin said.Lower this year due to foreign demand,lower prices for overseas buyers is very common,in this context raised the export tax rebate for the relevant enterprises is particularly important to maintain a certain profit level.
As the Pearl River Delta,Yangtze River Delta area furniture export volume,the impact of this policy is very large.But for the northern inland provinces,the results may not be significant.
"The main impact of this policy are those completely in the export trade or OEM furniture.Since when do OEM furniture,foreign companies have already very low prices,so the export tax rebate rate adjustment these enterprises is critical;and even Beijing's furniture industry is export business,the amount of its share is not big,not to mention the American and European business has shrunk to varying degrees,so the export tax rebate rate of increase or decrease for Beijing enterprises,the impact is not great."Posh Furniture Co.,Ltd.,Beijing Sales Manager Guang-Yu Zhu said.
Reporter learned from the Beijing Institute of furniture,furniture exports last year,Beijing was 288 million U.S.dollars,accounting for only about 2%of total sales;nationally ranked tenth Beijing furniture exports and imports third row This position will not change the current pattern.
Part in the Beijing-based furniture export business enterprises,but also a dim view of the raised export tax rebates,a Beijing-known furniture company executives told reporters that the two points will not take the initiative to increase the export tax rebate rate and volume,the company this year Export prices for both the loose,in September has been partially cut from exports,"the global economic downturn on the export of certain influential role in the export tax rebate rate is limited."
Furniture exports face depth adjustment Chinese furniture exporters a much diminished foreign orders fall in the year in Guangzhou,Shanghai,two major Furniture Fair is emerging,and exhibition of foreign orders received in autumn last year show a decrease of about half.
It is understood that China's furniture exports throughout Europe and the United States imports account for more than 60%.By the financial crisis,some of China Cooperation Require the disclosure of foreign companies have negative equity,as well as Chinese furniture enterprises to export goods to the pier,but foreign companies have money to pick up the other side.Financial crisis reduced demand for foreign markets,U.S.and European markets,sluggish development of new export markets will take some time,the crisis in the furniture export business is considerable direct loss,the face of many companies to adjust export tax rebate policy sigh,"if the product can not sell tax rebate out of the question."Zhu Changling,vice director of China Furniture Association,said the policy of the country,taking into account furniture exports face many difficult circumstances,put a good policy,on the industry,the positive role of export promotion,but the tax rebate for exports will not be decisive role,furniture export situation as 2%tax rebate will not be readily improved,largely to depend on the status of international orders.
Lin KBA believes that"although the furniture export tax rebate increase to a certain extent,reduce the burden on enterprises,but because of the economic crisis is a global thing,still not a fundamental solution to the plight of the winter furniture industry.Conservatively speaking,market and external factors largely determine the strategic adjustment of the enterprise,not business entirely to his own will.Therefore,the enterprises will not increase because of the export tax rebate policy will adjust its strategy to increase exports intensity."
Chinese furniture exports is great,but mainly in direct marketing and OEM way to go abroad,"manufacturing country and small country brand"embarrassing seriously restricting the export of Chinese furniture.Many smaller exporters of furniture,and sales network is not smooth,not enough understanding of the international market,were to some extent weaken the ability of exporters against the risks.In the export crisis,those who rely solely on export of cheap and imitation by the impact of the most important furniture companies,and value-added and high technology product companies the impact is relatively smaller.
Industry expectations,the next one to two years of furniture exports are likely to continue to shrink.Increase export tax rebate rate to some extent,the export-oriented furniture industry to ensure a breathing space,to avoid mass closures occur.Zhu Changling interview,also said that"the market is not good,but the production or growth of enterprises,small and medium enterprises to continue with some of already carry.Furniture industry in the passive adjustment of industrial structure,with sales concentrated on large enterprises,large the larger the enterprise gradually stronger,SMEs can not survive or gradually shift to large enterprises do processing."
Sunrise industry slowdown Home industry in China over ten years of development,the"high growth"can be summed up almost all areas of development path,in the round prior to the crisis seems little doubt that China's domestic industry will be a long-term growth industry.
Weaker demand in international markets,RMB appreciation,rising raw material prices and labor costs and other factors,furniture export slowdown is a fact.The data from the General Administration of Customs show that from January to September this year,furniture export growth was still an increase over the previous year return
