US Dollar Exchange Rates of
10th
April
2020
China Yuan 7.0526
Report from China
Furniture industry back to work
The State Council Information Office has reported the
situation in the manufacturing sector as follows:
Decline in both international and domestic demand
Since the epidemic situation in our country has been
effectively controlled in the early stage, the resumption of
production in our industrial field is still relatively good,
but from the current situation, international and domestic
demand is declining, which has caused a huge impact on
some export-oriented furniture enterprises. If this problem
is not solved in time and effectively, these furniture
enterprises may face the pressure of survival. At present,
the measures taken are mainly to ensure supply stability.
Establishment of online furniture fairs and exhibition
Many orders are usually made by important furniture fairs
and exhibition in March or April in the past. However,
some important furniture fairs and exhibitions have been
cancelled due to prevention and control. Chinese
government hopes to solve this problem through online
furniture fairs and exhibitions. In this regard, it is actively
doing further exploration.
Formulation of supporting policies
Supporting policies can make furniture enterprises stable.
Now relevant departments are studying how to stabilise
these furniture enterprises by on the one hand, through
stimulating demand and on the other hand by
strengthening policy support, policy support, financial
support, helping furniture enterprises and making stable
employees for furniture enterprises can help to go through
immediate difficulties. The follow-up work will further
strengthen policy research and ensure furniture enterprises
to go through difficult situation.
See:
https://www.sohu.com/a/384224821_684453?spm=smpc.author.fd-d.2.1586569977726XD9n90B
Forestry enterprises back to work except in Hubei
According to the State Forestry and Grass Administration,
domestic forestry and wood processing enterprises are
resuming work especially the state forestry enterprises.
With the exception of Hubei Province, the rate of
resumption of work in forestry enterprises nationwide had
exceeded 90% by 22 March 2020.
However, the Chinese media has reported many private
employers are operating at a fraction of normal levels
because employees have been unable to return from their
home provinces.
Even after the government started allowing some
businesses to reopen, many provinces still have travel
restrictions in place.
The People's Daily newspaper reported in late March that
most migrant workers had returned to work. No official
figures for possible job losses have been reported.
See:
https://mainichi.jp/english/articles/20200403/p2g/00m/0in/067000c
A spokesperson from the State Forestry and Grass
Administration said that forestry enterprises were
seriously affected by the epidemic, production costs
increased, earnings dropped and losses increased.
According to a survey by the China Forest Industry
Association, more than 78% of forestry and timber
enterprises were affected, 14% seriously so and 8% could
not survive. Currently forestry and timber enterprises are
faced with practical difficulties such as a shortage of raw
materials, tight liquidity, blocked import and export of
products and slow domestic sales.
China-Russia timber entry routes closed
The Heihe Port closed recently, the Tongjiang Port
remains closed and the Suifenhe Port wase closed from 7
April and there is no indication of when it will reopen.
According to the Suifenhe Municipal Government the
Suifenhe-Pogranichnyy highway crossing has been
temporarily closed.
See;
http://www.dyhongmujiaju.com/zhishi/9414-cn.html
Linshi wood industry broadcasts live
More than 2,000 people in Linshi Wood Industry
participated in a Taobao live broadcast to boost online
sales. This was a success say the organisers as there no
layoffs and workers received their base salary because
online sales of the Linshi wood industry increased by 30%
during the epidemic.
See:
https://baijiahao.baidu.com/s?id=1660024340746478231&wfr=spider&for=pc
http://www.linshimuye.com/about.html#page1
In related news Nankang furniture ¡®live sales¡¯ opened
recently and attracted 240,000 online viewers and RMB57
million orders which gave an immediate boost to the
Nankang Furniture Market and has created new
opportunities for further development of the furniture
industry.
The content of the live-screening was not limited to only
furniture items but included clips of production processes.
The broadcast involved inputs from young people,
designers and skilled craftsmen.
Since February 2020 Nankang furniture enterprises
concluded over 1 million pre-sale orders through their ecommerce
initiative with orders valued at around RMB3.2
billion. In February 2020 the number of online orders had
increased by 50% year on year. The webcast has not only
boosted manufacturers but also furniture R & D design
and distribution companies.
See:
http://www.nkjx.gov.cn/news-show-38046.html
Online exhibition in Xinjiang Uygur Autonomous
Region
The first online exhibition for home furnishing, building
materials, furniture and home appliances was launched on
2 April 2020. The online exhibition offers videos of
furniture bringing together more than 1,000 different items
from more than 30 top companies.
The organisers claim online exhibition can save money for
exhibitors and bring benefits and convenience to
consumers. Xinjiang built a purchasing platform and also
provided consumers with certain guarantees.
The Xinjiang International Convention and Exhibition
Center has successfully held more than 30 home
furnishing exhibitions but this year was the first online
exhibition.
See:
https://baijiahao.baidu.com/s?id=1662884748125848954&wfr=spider&for=pc
 
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