Predicting exports of home appliances next year is not optimistic On October 15, 2012, the 112th Canton Fair opened. At the meeting, several exporters, including Star Group, Galanz, and Wanhe Electric, all indicated that the export situation in the next year is still not optimistic. It is good to maintain a low or no decline. They said that although the U.S. market is slightly improving at present, major markets such as Europe and Japan are still declining, and emerging markets are affected by the risk of currency devaluation and the variables are also large.

The Canton Fair was regarded as a barometer and weather vane of China’s foreign trade, and its turnover was considered to reflect the export situation in the next six months.

The data released by the General Administration of Customs on the weekend showed that China’s export data of 186.4 billion U.S. dollars in September hit its highest monthly level in history, an increase of 9.9% over the same period of the previous year.

Sources revealed that according to the data of the Zhan Shi Bao, exports from September 1 to 20 are still in the negative range. According to the final data, the increase in the last ten days of September is alarming. At the same time, he disclosed that the senior officials of the State Council convened the trade and economic leaders of the major trading provinces in October to convene an analysis of the foreign trade situation in Beijing. On October 16, Minister of Commerce Chen Deming will also convene some provinces and cities during the Canton Fair. People and typical exporters analyze the export situation.

Several analysts agreed that the high growth in September is difficult to continue in the next few months, and that the foreign trade data in May this year also showed a short-lived high growth rate. Huo Jianguo, dean of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that the September data may show some signs of recovery, but the current situation of weak external demand and sluggish domestic manufacturing industry has still not seen a fundamental change.

First, the traditional market downturn, emerging market differentiation Canton Fair spokesperson Liu Jianjun, deputy director of the China Foreign Trade Center in the press conference is expected that the current merchants should be roughly the same with the previous Canton Fair, the turnover is expected to be not optimistic, but the volatility It will not be great.

Jiang Yaoping, vice minister of the Ministry of Commerce, analyzed at the plenary session of the Canton Fair Leadership Committee that this year’s foreign trade situation is more serious than expected, and the difficulties are mainly due to a serious shortage of foreign demand, rising costs of foreign trade companies, and increased competition in the international market.

He specifically explained that the World Trade Organization predicts that the growth in global trade volume this year will be only 2.5%, which is 2.5 percentage points lower than the previous year. In recent years, successive increases in corporate costs have weakened the export competitiveness of Chinese commodities; The use of cost advantages to undertake industrial transfer has squeezed the international market space for Chinese goods. In addition, the "reindustrialization" promoted by developed countries not only competes with high-tech industries in China, but also intensifies competition in traditional industries.

China’s largest freezer exporter Star Group, the general manager of its foreign trade company Chen Haiming, introduced at the Canton Fair that the European market’s decline this year still exceeds 20%. From the current situation, the downturn in demand may continue for three to five years. The resumption of the Sino-Japanese dispute over the Diaoyu Islands caused the company’s plan to open up the Japanese market. "Only the US market is improving in the traditional market, but it is very slow."

He said that the company's exports and exports from January to September still achieved a growth of 12% and 11%, and high growth in emerging markets compensated the contraction in traditional market orders.

However, the risk is equally obvious. Chen Haiming said that in the context of the global economic downturn, emerging markets have also become divided and the situation in Latin America is slightly better, but the currencies of India, Pakistan, and Bangladesh have devalued sharply in a short period of time, reaching 15% or even 20%. This has led to a wide range of requests from local importers to postpone the delivery or even directly destroy the contract and cancel the order.

The cost pressures of Chinese exporters have not improved. Chen Haiming introduced that labor costs and financing costs have increased business pressure on companies, and the group’s monthly salary has risen from 1,700 yuan last year to 2,500 yuan today. “This kind of salary is also very difficult to recruit workers.”

China's largest exporter of gas appliances, Wanhe Electric, and Liu Fujin, the head of its international marketing department, said that the company’s export costs have risen by 5% this year, and the total export cost has finally increased by 3% through the reduction of overheads through management and production. He revealed that the rise in labor costs and the current situation of recruitment difficulties have led the company to begin optimizing equipment in recent years in an attempt to replace labor with machinery.

Appliance exporter Li Wenjian, manager of the overseas market department of Galanz Group, predicts that in the context of the overall downturn of the industry, the company expects that the export volume and export price next year will be equal to this year, and it is expected that the growth rate in 2012 will be around zero. With weak external demand and high cost, the average net profit level of microwave ovens and other export commodities is currently only 3%-5%.

II. Policy Implementation On September 16, the State Council promulgated the “Some Opinions on Promoting Stable Growth in Foreign Trade”. This “State of the Eight” article for stabilizing foreign trade growth covers the progress of accelerating export tax rebates, financing, export credit insurance, and trade facilitation. Item support policy.

Liu Fujin said that although more powerful measures such as the upward adjustment of export tax rebates have not been honored, the progress of the fiscal and taxation system in accelerating export tax rebates has accelerated the flow of funds for enterprises and has formed favorable conditions for exports. In fact, the rebound in exports in May and June of this year was also considered to be the result of accelerated tax rebate. According to the Ministry of Finance, the export tax rebate in April increased by nearly 40% year-on-year.

He said that, as measured by the measures recently announced by the AQSIQ that waived statutory entry-exit inspection and quarantine fees in the fourth quarter of this year, it could save about 1% of the export cost. In addition, China's export credit insurance continues to increase coverage, which is also conducive to the expansion of enterprises in emerging markets. “Some high-risk orders have not dared to pick up in the past without coverage.”

According to Li Fan, director of the Overseas Marketing and Marketing Department of Star Group, the annual statutory entry-exit inspection and quarantine expenses of the company is 3 million yuan, and the waiving of this cost in the fourth quarter can reduce the cost of 500,000-700,000 yuan.

According to the reporter’s understanding, the short-term export credit insurance will continue to increase next year, and this year's short-term export credit limit will increase from the beginning of the US$240 billion to the current US$270 billion. In addition, the deduction of the legal inspection fee will continue for the next year, and the reduction rate may be about 1.

Third, what is the future export situation?

Zhang Yongjun, a researcher at the China Center for Economic Exchanges, said that it is difficult to explain the higher growth rate of 9.9% of exports in September from the detailed data released so far. The small, slowly rising US market is not enough to support the rebound of overall exports. He believes that the export growth rate in September is difficult to sustain, and the trade situation in the fourth quarter of this year and the first quarter of next year will hardly turn for the better.

Huo Jianguo believes that China’s foreign trade has seen some signs of stabilization and recovery. The growth in the fourth quarter will slightly compensate for the sluggish performance of trade in the first three quarters, but the 10% growth target for the whole year is still difficult to reach. On the eve of the Spring Fair this year, Vice Premier Wang Qishan set a tone at the foreign trade research meeting. He hoped that the foreign trade system would do everything in its power to ensure that foreign trade grows by 10% this year.

Power Fitting is made of mild steel /AL alloy which are used to fix the insulators, it advance hot dip/cold galvanized mode for processing. Galvanized Spindle For Insulator,Galvanized Insulator Spindle and it`s the connecting equipment in power system. It has high strength, corrosion resistance, chemical resistance, aging resistance and insulation properties. Such products include steel feet, cross arms, tie rods, wire clips, grounding fitting, guy wire fitting, etc.

We provide every type of power fitting as follow: 
1. Material: Mild steel or as per clients requirements 
2. Surface: Hot dip/cold galvanized
3. Production: according to clients requirements 

Power Fittingpower fitting

Power Fitting

We warmly welcome friends both domestic and abroad to visit our company, if you have any questions, please contact with us directly.

Power Fitting

Power Fitting,High Voltage Cross Arm, Galvanized Spindle For Insulator,Galvanized Insulator Spindle

FUZHOU SINGREE IMP.& EXP.CO.,LTD. , https://www.cninsulators.com