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Interpretation of 2009 US Furniture Imports from Obama's Recent Visit to China
Introduction: Obama’s visit to China in the past few days has been good, but the trade prospects between China and the United States remain unclear. In the first half of the year, the US furniture import data was released, and the various regions in the list were mixed, which made us full of expectations for 2010. But can China’s furniture industry continue to count on American consumers? Obama visited Shanghai the day before yesterday and had a "first intimate contact" with many Chinese college students. These students from the famous universities in Shanghai enthusiastically raised many questions, but they did not talk about the Obama administration's trade protection, and also made many netizens wonder. The US furniture import data released in the first half of 2009, which was released not long ago, showed that furniture imports fell by 22% in January-June, and although imports from China ranked first, they fell by as much as 19%. Vietnam, which is also a major exporter of furniture in Asia, fell only 6%, making it the only one in the list with a single-digit decline. This list illustrates some issues: exporting to American furniture, Asia, Vietnam (-6%) is faster than China (-19%); Europe, Poland (86%) is the fastest growing, the only one Growing regions; in the Americas, due to the rise of the Obama administration’s trade protection and the relative reduction in domestic labor costs, the advantages of neighboring countries such as Canada (-44%) are shrinking, with larger declines. Italy, a high-end furniture exporter (-43%), also fell victim to the economic crisis. According to recent economic data, the US trade deficit widened in September, and the deficit with China rose to a one-year high. The anti-dumping investigation on Chinese wooden bedroom furniture that lasted for five years finally came to an end and began a sunset review. . These seem to indicate that the export of Chinese furniture to the United States will improve in 2010. But everything still depends on how the US government under our auspices is determined. First of all, the sunset review only means to judge whether or not to continue the anti-dumping review. We must not forget that the brothers also passed the "special protection" case of the tires that Bush’s brother dismissed four times before, which was unanimously considered as "double defeat." "The model of decision. Although Obama’s visit to China can be seen as a good show for China, the United States is a democratic country after all. The series of interest groups behind the anti-dumping case will not let Obama have the final say. At least in the first three quarters of 2009, the United States has initiated 14 trade remedy cases against China. Although the number dropped by 6% year-on-year, the total amount involved reached US$5.84 billion, a sharp increase of 639% year-on-year. From the perspective of China, the increase in national foreign exchange reserves is not due to trade surplus, but more from international hot money. With the steadily rising 6% of the RMB every year, these hot money will only increase. For the development of the Chinese furniture industry, I am afraid that it will not bring positive effects. Of course, we have reason to believe that there will be no large-scale trade war between China and the United States. Although after the "special protection" case, some scholars in China suggested that trade retaliation should be carried out directly, because the WTO is even more ridiculous for China. It is also a few years later. At that time, I was afraid that it would have been "special protection" for three years. Going, the old beauty still laughs at the spring breeze, but the government still chooses to appeal to the WTO very sensibly, threatening to take cars and broilers under the smuggling. This is the face of the Austrian brother: I must have looked at the "special protection" case after the market sorrow and appreciation of the dollar, Obama also has some regrets. The bilateral trade in the furniture industry will continue to develop, but we must also clearly understand that China's furniture industry is facing internal and external problems: domestic, labor cost advantages are gradually declining, Southeast Asian countries are beginning to rise; foreign countries, economic crisis is protracted, Obama administration There are still plenty of reasons to carry out trade protection to the end. If Chinese furniture companies do not change their growth methods, I am afraid that the future will be worrying. At least Obama’s speech in Tokyo has already made it clear that the export-driven Asian economy will not point to American consumers in the future.