Credit is in jeopardy and low-end products of hardware lamps are exported

According to customs statistics, in the first 7 months of 2011, Shenzhen exported lamps and lanterns 920 million U.S. dollars, an increase of 48.5% over the same period of last year.

First, the main characteristics of Shenzhen's lamps and lanterns exports in the first 7 months of this year (1) Export growth was strong in each month, and exports hit a record high in July. Since February of this year, the export value of China's lamps and lanterns has increased month by month. The monthly export has maintained a 40% year-on-year growth rate. Among them, the monthly export volume in July reached US$180 million, an increase of 39.7% year-on-year and a month-on-month increase of 30.6%. Scale hit a record high.

(b) The export of general trade is the main factor and the proportion has increased. In the first 7 months, China exported 5.4 billion U.S. dollars of lamps and lanterns by general trade, a substantial increase of 57.4%, which accounted for 58.7% of China's total exports of lamps and lanterns in the same period, which was a percentage increase over the same period of last year. During the same period, it exported 210 million U.S. dollars in processing trade, a rapid increase of 35.1%.

(3) It mainly exports to traditional markets such as Europe and the United States and doubles its exports to ASEAN. In the first 7 months, China exported 270 million U.S. dollars to the EU, an increase of 23.2%; it exported 240 million U.S. dollars to the United States, an increase of 21%; and exported 110 million U.S. dollars to the Hong Kong region, an increase of 1.1 times; and exports to the above three countries accounted for the same period in the same period. 67.4% of the total exports of lamps and lanterns. In addition, exports to ASEAN reached US$93.48 million, an increase of 1.5 times.

(4) Private enterprises and foreign-invested enterprises are the main exporters. In the first 7 months, China's private companies exported lamps and lanterns 430 million US dollars, a rapid increase of 37.2%; foreign-invested enterprises exported 320 million US dollars, a rapid increase of 94.8%. The above two combined accounted for 81.5% of the total exports of China's lamps and lanterns during the same period.

Second, the first seven months of this year, the main reasons for the increase in the export value of lamps and lanterns in Shenzhen (I) China's lighting industry has developed rapidly and promoted the expansion of export scale. In recent years, China’s lighting exporting companies have actively responded to the unfavorable conditions such as rising labor costs, rising raw material prices, renminbi appreciation, and technical trade barriers. They have broken through the technical barriers to trade in developed countries, strengthened the research and development of new products, and enhanced the added value of products. The product's share in high-end markets such as Europe and the United States. In addition, foreign large-scale lighting companies have gradually entered China, driving the improvement of domestic companies’ own technical level and design level, and promoting the steady growth of local lighting companies’ exports. At present, China has become the world’s largest lighting manufacturer and the second largest exporter of lighting equipment. country.

(B) The development of emerging markets has stimulated the export power of lighting companies to increase. In recent years, China's lighting companies have stepped up efforts to develop new markets, attracting overseas customers through lighting exhibitions held in various countries and regions around the world, and the full reduction of taxes from the China-ASEAN Free Trade Area. Concessions to stimulate corporate export power. According to the Russian China General Chamber of Commerce, Russia established the Greenwood Business Park to help Chinese export companies to open sales channels in Russia.

III. The main problems existing in the lighting industry in Shenzhen and relevant recommendations (1) First, the external market economic environment deteriorates again, and the export power will be subject to certain restrictions. The debt crisis in Europe that began at the beginning of this year has not yet been resolved. On August 3, the debt levels of the two major eurozone economies — Spain and Italy — set a record high for 14 years; the Dow Jones index on August 4th. It fell 512 points, hitting the biggest single-day decline since the 2008 financial crisis. On the 5th, international rating agency Standard & Poor's announced that it will downgrade US AAA grade long-term sovereign debt to AA+. This is the first time that the United States has lost 3A sovereign credit. Rating. Europe and the United States are the largest export markets for lamps in Shenzhen. In recent days, Europe and the United States have experienced another economic slowdown. In particular, the downgrade of the US credit rating may lead to a weaker US dollar, a rebound in oil prices, and a continued rise in the price of gold. The pace of relative appreciation has further accelerated; * The increase in costs may also lead to the implementation of the next round of quantitative easing policies. At that time, enhanced liquidity will drive commodity prices to continue to increase, which will reduce the profitability of traditional labor-intensive commodity manufacturers such as lamps and lanterns, and will cause pressure on the export of lamps and lanterns in the future. .

(2) The competitiveness of high-end products is weak, and the export of low-end products can easily highlight quality problems and trigger a crisis of confidence. Although China has become a major producer of lamps and lanterns in the world, there are not many enterprises that truly have large-scale production. Most of them are located in low-end and middle-end markets. The highest-margin chip R&D production and wafer growth in the industry chain are still used by foreign companies. control. At present, China's lighting industry has a low barriers to entry. Most of the production enterprises are small in scale, have low independent research and development capabilities and have low profits. As a result, quality management problems have persisted, and the understanding of new standards and requirements for product safety in exporting countries is not deep. This triggered a crisis of confidence. For example, in November last year, a group of nearly 190,000 work lights that were exported to Germany by a domestic company were returned.

Suggestions for this: First, increase investment in technological R&D and innovation, gradually master core technologies, promote industrial upgrading, increase the added value and competitiveness of China's lighting products, and secondly, accelerate the introduction of domestic industry standards that meet international prevailing standards. To help companies master L export market national standards, to avoid export lighting products because of failure to meet the new standards and cause major losses; Third, the establishment of technical barriers to early warning and rapid response mechanism, targeted to improve the level of enhanced product testing, and effectively deal with trade barriers.