The Ministry of Commerce actively promotes the popularity of furniture for old and new mid-range furniture
2023-11-15 10:10:05
Shen Danyang, spokesman of the Ministry of Commerce, revealed at the press conference on the 15th that the Ministry of Commerce actively supported the local pilots of furniture trade-in. If the pilot is good, it can be promoted nationwide. This means that after the replacement of cars and home appliances, furniture will become the next focus of policy support. Our data show that the growth of furniture export trade has become increasingly difficult to sustain in the context of slowing global economic growth and rising manufacturing costs in China. In November 2011, the proportion of the export value of the furniture manufacturing industry to the main business income has dropped from 44.8% in February 2008 to 23.9%. At the same time, the real estate control policy since 2010 has strongly suppressed the demand for real estate. The growth rate has been declining since the beginning of 2010, and it is indeed necessary to introduce furniture replacement policies in due course. According to the historical experience of home appliance trade-in, we infer that furniture trade-in is expected to reach 110 billion yuan in furniture consumption. In the qualification of selected enterprises, according to the policy of home appliances to the countryside, the channels are widely distributed, and the mid-end furniture-based company will Benefit. Different from home appliances, the pricing of furniture products is not clear and the recycling channels of products are not perfect. Therefore, consumers have doubts about whether they can actually enjoy the discount in the policy subsidy process. We infer that the implementation of the New Deal needs to cooperate with the implementation of transparent and fair products. Pricing system. In addition, due to the low recycling rate of furniture products, it is currently relying on the centralized recycling of hypermarkets, and how to evaluate the recycling of furniture requires a reasonable guidance for future policies. (Source: Eastern Securities)
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