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Analysis on the Way of China's Furniture Industry Transformation and Upgrading of Processing Trade after the Crisis

Yiming Liu

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Abstract

Based on the analysis of the processing trade development status of China's furniture industry,the China's furniture industry of processing trade upgrade path is proposed for the problems of low-end in the international division of labor,lack of core competitiveness,high cost of the transformation and upgrading,continuous appreciation of RMB,the steadily eroded labor advantage and the increasing of the Europe and the United States non-tariff barriers.The path option is consisted of fostering independent innovation capability,improving the core competitiveness of processing trade enterprises,creativing and marketing of the development of furniture,greatly enhancing the value-added products,developing of furniture industry cluster,planning and developing of the unified furniture processing trade park,establishing flexible personnel training and incentive mechanisms.

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What this paper is about

Based on the analysis of the processing trade development status of China's furniture industry,the China's furniture industry of processing trade upgrade path is proposed for the problems of low-end in the international division of labor,lack of core competitiveness,high cost of the transformation and upgrading,continuous appreciation of RMB,the steadily eroded labor advantage and the increasing of the Europe and the United States non-tariff barriers.The path option is consisted of fostering independent innovation capability,improving the core competitiveness of processing trade enterprises,creativing and marketing of the development of furniture,greatly enhancing the value-added products,developing of furniture industry cluster,planning and developing of the unified furniture processing trade park,establishing flexible personnel training and incentive mechanisms.

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Available abstract

Based on the analysis of the processing trade development status of China's furniture industry,the China's furniture industry of processing trade upgrade path is proposed for the problems of low-end in the international division of labor,lack of core competitiveness,high cost of the transformation and upgrading,continuous appreciation of RMB,the steadily eroded labor advantage and the increasing of the Europe and the United States non-tariff barriers.The path option is consisted of fostering independent innovation capability,improving the core competitiveness of processing trade enterprises,creativing and marketing of the development of furniture,greatly enhancing the value-added products,developing of furniture industry cluster,planning and developing of the unified furniture processing trade park,establishing flexible personnel training and incentive mechanisms.

Key concepts: China, Business, Renminbi, Tariff, Division of labour, Upgrade, International trade, Industrial organization

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