Question

Chinese furniture industry do the national or international market analysis of trading of the Chinese furniture industry .write less than 2000 words

Answer 1

During the past two decades, the Chinese wooden furniture industry has witnessed high-speed growth, making China a leading furniture exporter. Given the intensification of global competition, it is crucial to assess the present status and comptetiveness of the Chinese wooden furniture industry, as well as the changes and challenges.

The Chinese furniture industry is important in the developmentn of not only the furniture industry but also the social economy.In more than 30 years since its begining in 1980, the Chinese furniture industry has developed rapidly.Due to use of advanced equipment and the high technical level of workers,the quality of products has been improved, and products has been improved, and sales continue to expand.More than 10 years later,the Chinese furniture industry has developed from a traditional handicraft industry to a production using mechanical automation.The Chinese industry has became an important industry that produces many kinds of furniture,high economic benefits,more employment opportunities,and meets the demand of domestic and foreign markets.The Chinese furniture industry plays an important role in the international furniture trade, and the whole furniture industry is moving towards industrialisation.Focusing on the evolution of Research and Development capacity and Net Exports (NE) of the Chinese industry, it is concluded that if the world economy grows in a stable manner.However, if a sharp fluctuation in the international market occurs,R&D capacity and NE of the Chinese furniture indutsry most likely will be unstable.

With the development of policy, the Chinese government vigorously promotes the construction of new urban housing. This policy also can promote the development of the furniture insdustry. Meanwhile, due to steady economic growth, the Chinese people have more money to improve and decorate their living space:in particular, the commercial housing policy creates a substantial increase in the sales of housing and will powerfully increase the demand for furniture.On the other hand, the continuous appreciation of Yuan (the official currency of the People's Republic of China) has weakened the low cost advantage of the furniture industry, and the export decrease tends to slow the growth of the furniture industry.In view of this situation, the Chinese government announced two positive policies in 2015. The "Internet Plus" policy encourages people to use network information technology (IT) to promote innovations in e-commerce and online shopping.The "made in China 2025"policy is a comprehensive guidance on the development direction of the manufacturing industry, especially to improve the technology and product quality.

In such realistic Chinese conditions, it is very important to consider how to improve the quality of the furniture industry, allocation of global resources, improve production efficiency,and gradually realise development from a "labour-intensive" to a "labour+technology-intensive" industry.

Furiniture plays an important role in people's lives. It is closely involved in people's work,study, and entertainment,as an evergreen industry in human soceity.The furniture industry is an important part of the ecological industry in the whole wood industry chain.The Chinese furniture industry constantly promotes the development of the wood industry by means of the international industrial transfer,integration,world trade improving people's living standards by a stable national macropolicy. It can accelerate the export and stimulate domestic consumption to meet the domestic investment as a leading industry and became a pillar of the domestic employment demand-type consumer industries. That is, the furniture industry has the power to guide the development of the wood industry in China.

As housing conditions continue to improve in China, people are becoming increasingly willing to spend money on house decoration.In 2019, per capita disposable income grew 8.9% year-on-year.Urbanisation, China's main policy to stimulate demand,is likely to drive furniture market growth.Data from the National Bureau of Statistics shows that the level of urbanisation in China reached 60.6% in 2019, up in 1.0 percentage point over the previous year.

Apart from domestic sales, China's furniture exports also show sustained growth.According to the Statistical Communique on the 2019 National Economic and Social Development, exports of furniture and furniture parts amounted to RMB373 billion in 2019, up 5.3% year-on-year.

Mainland furniture consumers can be divided into roughly three groups, namely, avid consumers,luxury and branded goods consumers and average wage-earning consumers.

According to the Industrial Classification for National Economic Activities issued by the National Bureau of Statistics,the furniture industry is divided according to product type into wooden,bamboo or rattan metal,plastic amd miscellaneous furniture manufacturing.

A wide range of products is available, and it can be classified as home, hotel and guest house,office, and public institution.

An increasing number of consumers, including mid to high end consumers and purchasers of childreb's furniture, are attracted by concepts such as "eco home".These customers have a strong preference for environment-friendly furniture,such as odour-and formaldehyde-free products,despite the fact that the price of such furniture is generally higher.

In recent years, to make furniture oart of consumer's everyday life,some branded mart chains have created "shopping districts" by bringing in famous foreign brands,setting up home experince stores, building commercial complexes or establishing furniture villages.This way, they have sucessfully raised brand awareness and increased sales.