What does the story of this chair tell us under trade frictions?

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 What does the story of this chair tell us under trade frictions?


After the United States continuously imposed tariffs on goods imported from the United States, many manufacturers of Angel chairs were directly affected. How do these enterprises cope with the enormous pressure? CCTV Focus Interview reporters entered several chair production enterprises in Anji.

Mao Rujia, head of Dakang Group in Huzhou, Zhejiang, told reporters that the pressure on our enterprises is increasing. Our tariff has increased from 10% to 15% in Sino-US trade frictions. We also have to ask ourselves a question, where does our profit come from?

Second, American customers agree to share tariffs with us.

Third, because our products are irreplaceable in the short term.

We cant hang from a tree in the United States. There are many ways to go, like Russia, India and the domestic market, Mao Rujia said.

Mao Rujia led the company to transform and upgrade again, from a single product manufacturer to a supplier of furniture series solutions, providing customers with one-stop services of space planning, product design, manufacturing, installation and after-sales, and vigorously exploring the domestic market. From January to July this year, Dakangs domestic market sales reached 120 million yuan, an increase of 12% year on year.

Anjis sofa king Cao Yong told reporters that his companys annual sales revenue of sofa is 888 million yuan, while the United States is currently the largest market, in 2018, the United States market accounted for 51% of Chinas export sales. During the Sino-US trade frictions, after negotiations, China Source Corporation and its core customers in the United States reached an agreement to levy a 25% tariff, which will be shared equally by both sides.

Cao Yongs three feelings are also impressive:

In a marathon, how fast you start is not the most important thing. Its about who sticks to the end. I think the Sino-US trade frictions have taught us Chinese enterprises to reflect on the Sino-US trade frictions.

I think in the face of the trade war, we should have self-confidence, but also strategic determination, and the confidence of the industrial supply chain. China is universally recognized by the United Nations as the only country with the most complete industrial category in the world; secondly, I think we should have national self-confidence and confidence in the diligence and wisdom of the Chinese people; thirdly, I think we should have confidence in the development environment, such as the optimized business environment promoted by our government in recent years, as well as our market and our management.

In order to mitigate the impact of the U.S. market, we are expanding overseas markets outside the United States. Now, Zhongyuans business has spread to North America, South America, Europe, Asia, Australia, the Middle East and Africa.

The courage to negotiate with Americans comes from Cao Yongs courage. China is the main supplier of the American market, and the United States is highly dependent on Chinas supply chain.

Wang Xiyong, manager of Anji Hengchang Chair Company, told reporters that at this time last year, it was his most worrying time and the most difficult time for the company, and this years busy scene was somewhat unexpected.

The latest orders are mainly from Europe and Russia. This time of the past year is the off-season of the companys production, but this year is very busy, the companys workers work overtime every day, has not had a weekend for a long time.

Wang Xiyong said that we have also taken the initiative to find large domestic cross-border e-commerce companies to cooperate and jointly develop the European market. At present, the market share of Europe has risen to about 50%, while that of the United States has fallen to less than 2%.

Peng Mei News noted that reporters from some foreign trade enterprises in Anji down, a prominent feeling is stable. Affected by Sino-US trade frictions, although the growth rate of Anjis exports has declined, its total exports are still growing strongly.

And the story of this chair tells us three things:

First, in the face of difficulties, enterprises insist and workers insist.

Second, there are more ways than difficulties. Enterprises or innovation to change, improve product value-added; or open up the market, expand online and offline sales channels; or huddle heating, group to fight for new markets.

Thirdly, the resilience embodied by enterprises reminds us of the spirit embodied by bamboo everywhere in Anji.

Focus Interview Export Enterprises: Steady Chair Video Source: CCTV News (15:08)

More rationality is needed to solve Sino-US economic and trade problems. At the Symposium of the China Development High-Level Forum in 2019 held on these two days, the participants from many countries said that China and the United States should carry out fruitful dialogue and work together to inject momentum for the development of the world economy. Gita Gopinat, chief economist of the International Monetary Fund, said countries should avoid making costly policy mistakes, which would not only affect the stability of capital markets, but also damage the long-term growth of the world economy. Participants at the meeting said that in the context of the escalation of trade frictions between China and the United States, the two sides decided to continue their talks, in line with the expectations of the international community. At the symposium, former US Secretary of State Kissinger also sent a video message to Sino-US relations. The old friend, who has witnessed 40 years of ups and downs in Sino-US relations, said that solving problems in a cooperative way is the common responsibility of China and the United States for world peace and progress. Multinational personages: More rational sources are needed to solve Sino-US economic and trade problems: Peng Mei News Responsible Editor: Xu Meng_NN7485

More rationality is needed to solve Sino-US economic and trade problems. At the Symposium of the China Development High-Level Forum in 2019 held on these two days, the participants from many countries said that China and the United States should carry out fruitful dialogue and work together to inject momentum for the development of the world economy.

Gita Gopinat, chief economist of the International Monetary Fund, said countries should avoid making costly policy mistakes, which would not only affect the stability of capital markets, but also damage the long-term growth of the world economy.

Participants at the meeting said that in the context of the escalation of trade frictions between China and the United States, the two sides decided to continue their talks, in line with the expectations of the international community.

At the symposium, former US Secretary of State Kissinger also sent a video message to Sino-US relations. The old friend, who has witnessed 40 years of ups and downs in Sino-US relations, said that solving problems in a cooperative way is the common responsibility of China and the United States for world peace and progress.

Multinational Persons: More Rationality is Needed to Solve Sino-US Economic and Trade Problems