Due to the global financial crisis, most of the Chinese furniture enterprises experienced an apparent decline their sales & profits. The processing trade enterprises are struggling more than others, especially the wooden furniture industry was hit hard by the declining exports. China’s furniture industry has now entered a period of strategic reform, which needs restructuring and industrial upgrade. Thus, a process of diversification has started to re-shape the industry and to make it stronger for the future.
In general, the production efficiency of China’s furniture industry is not very high and the differences between Southern & Northern China as well as Eastern & Western China are still very extreme. The subprime mortgage loan crisis has aggravated the necessity and urgency to adjust these extremes.
Nevertheless, the furniture industry is an evergreen industry in China as the products are closely related to the people’s life. Sustainable developments play an important role in building a harmonious society. In China, there are solid industrial foundation, developed industrial chains, mature and professional expertise, groups of branded companies enjoying wide and excellent reputation and some new professional entrepreneurs, which will drive China’s furniture industry toward the transition. According to the report of China National Furniture Association, the general status of China’s furniture industry in 2008 was comparatively good. It was still in a rapid growing phase, despite a bit slow down in the increase percentage. The furniture exports reached US$27.583 billion, up 22% compared with the same period in 2007. Imports were US$1.222 billion, which meant they increased by 10.7%.
|
|
Finally, the Chinese central government has carried out a series of policies to encourage housing and infrastructure developments, not limited to loosen regulations for tax policy, loan policy for small-and-medium-sized enterprises. These measures will certainly motivate the national consumption as well as building a well-off society in an all-round way. China’s Furniture industry expects to grow due to strong domestic demands and the impacts of the global crisis will have limited effects on the companies which are active on the domestic markets,
|
Furniture China shows strength in spite of the financial crisis
From 9-12 September 2009, Furniture China 2009 will be held at Shanghai New International Expo Centre. Visitors can expect a larger range of products and designs as Furniture China becomes increasingly important for international brands to display their products.
Furniture China (China International Furniture Expo) is China’s leading furniture exhibition. From its first edition of 3,000 sqm in 1993 to 300,000 sqm exhibition area in 2008, Furniture China has become the 3rd largest furniture show in the world in its 15-years history.
As the seen-to-be-seen platform of Asia’s furniture industry, Furniture China has evolved into a trade event that is creating business opportunities in Asia and beyond. European manufacturers and companies from Asia will have a stronger presence at the event this year.
 |
More International Companies at Furniture China
With the encouraging results by participating last year, the French Furniture Export Association (GEM) will be present Furniture China 2009 with an even bigger French pavilion sharing the latest products & designs from France. Italian companies will be present as in previous year which show the importance of the Italian and Chinese furniture market. Another new highlight of this year will be the Vietnam Pavilion being present for first time to display both contemporary and traditional furniture.
|
Up to now, Germany, France, UK, Italy, Belgium, Netherlands, Vietnam, Malaysia, Singapore, Thailand, Indonesia and India have all confirmed their attendance and will display their newest products onsite.
The 15th China International Furniture Expo co-located with The 15th China National Furniture Expo & The Autumn Domestic Sourcing Fair
To satisfy the increasing demands for China’s domestic furniture market in future years, the organizers of Furniture China 2009 will jointly organize the 15th China National Furniture Expo & The Autumn Domestic Sourcing Fair with Redstar Macalline at Shanghai Redstar Macalline Global Furnishing Trade Center.
|
|
Such joint organization will not only solve the problem of serious shortage of the exhibition space of Furniture China but also attract the retailers of Redstar Macalline all over China to the annual furniture expo every September in Shanghai so as to satisfy the most exhibitors’ demands of expanding the Chinese market. |
For further information, please contact:
CMP Sinoexpo International Exhibitions Co. Ltd.
Contact: Eduardo J. Teixeira-Alves
Tel/ Fax: +34 96 3122197
Mob: +34 651415284
E-mail: eduardo.teixeira@prored.com
|
