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China's construction hardware industry is expected to get out of the financial difficulties
On March 5, Premier Wen Jiabao made a report on the government work at the Fifth Session of the 11th National People's Congress. Premier Wen said that China will implement structural tax cuts, conscientiously implement and improve various tax incentives to support the development of small and micro enterprises and individual industrial and commercial households, and carry out pilot reforms of business tax to VAT. At the press conference of the Fifth Session of the Eleventh National People's Congress on March 6, the Minister of Finance Xie Xuren further elaborated on this issue. Xie Xuren said that this year will further implement the fiscal and taxation policies and measures to support the development of small and micro enterprises, promote the pilot work of changing the business tax to value-added tax, and improve the structural tax reduction policy. Minister Xie Xuren stressed that in 2012, some new fiscal measures will be taken to continue to support the development of small and micro enterprises. The first is to promote the pilot work of changing the business tax to value-added tax and improve the structural tax reduction policy. The second is to further increase the scale of special funds to support the development of small and micro enterprises, and support small and micro enterprises to promote structural adjustment and scientific and technological progress. Third, the National SME Development Fund was established to guide local, venture capital and other social funds to increase support for small and micro enterprises. Fourth, it is necessary to further clean up various non-compliant fees involving enterprises, increase the intensity of inspection and supervision, and establish a rights protection mechanism for enterprises. At the same time, we will continue to study policies and measures to support the healthy development of the financing guarantee industry, increase guidance to financial institutions, and do a good job in supporting small and micro enterprises. For the hardware industry, which is very concentrated in small and micro enterprises, especially in the construction hardware industry, these measures are tantamount to a “cardiotonic agentâ€, which brings hope to enterprises in financial difficulties. Ms. Shi Lanlan, the organizer of the China International Building Hardware Show (CIBHS2012) and the executive vice chairman of the China Hardware Products Association, said recently: "The decision-making layer has such a clear and clear statement, showing the determination and confidence of the central government to support the development of small and micro enterprises. At the same time, it also shows that the current financial difficulties faced by small and micro enterprises are still severe. The large number of small and micro enterprises in the construction hardware industry will benefit from these government initiatives, and have the opportunity to receive various financial support to solve the 'immediacy of the eyebrows.' Vice Chairman Shi introduced that construction hardware is a major exporter of China's hardware products industry, and its annual export volume ranks first among various hardware products. However, these construction hardware companies that are good at export business are usually small in scale, and many of them belong to small and micro enterprises. Last year, the export-oriented Chinese construction hardware industry was affected by the European economic crisis, and the growth rate of exports fell sharply. At the same time, the cost of domestic raw materials and human resources rose rapidly, resulting in the break of the capital chain of many small and micro enterprises in the construction hardware industry. It is difficult. The national series of measures to support SMEs will help these construction hardware companies solve the most critical funding problems. “We are considering relying on the platform of China International Building Hardware Exhibition to provide a series of services for small and micro enterprises in the construction hardware industry. First of all, in terms of export, we will continue to work hard to expand export channels for everyone. In the European and American markets, we have unique advantages in channels. While maintaining this advantage, we will also actively expand into emerging markets. Through cross-border cooperation between industry associations, we invite overseas buyers to come to purchase." Vice Chairman Shi said. "On the other hand, we will also help the troubled export-oriented enterprises to open up the domestic market, contact domestic building materials dealers, especially group purchases of major projects such as affordable housing construction, and use domestic demand to make up for the lack of overseas demand." We are stepping up research on these new policies, and then invite experts from the authorities and experts in the financial, import and export industries to provide additional services to exhibitors at the 2012 China International Building Hardware Show, such as tax policy analysis and loan guarantees. Consultation, export customs clearance guidance, etc." Vice Chairman Shi said. According to reports, China International Building Hardware Exhibition is the world's second largest hardware exhibition - China International Hardware Exhibition (CIHS) special exhibition, by China Hardware Products Association, Germany Cologne International Exhibition Co., Ltd., National Federation of Industry and Commerce Hardware and Electrical Chamber of Commerce, China International Co-sponsored by the Light Industry Branch of the Trade Promotion Council, hosted by Beijing Shirui Exhibition Co., Ltd. and Shanghai Continental Tools Development Co., Ltd., supported by the International Federation of Hardware and Household Products Associations (IHA) and the European Association of DIY Product Retailers (EDRA). The 2011 China International Building Hardware Show attracted a total of 566 outstanding construction hardware companies. Among them, there are 246 exhibitors of architectural decoration hardware, accounting for 43.5% of the total number of architectural hardware exhibitors; 256 fasteners, accounting for 45.2%; and 64 exhibitors of silk, nails and net exhibitors, accounting for 11.3%. 2011 China International Construction Hardware Exhibition attracted more than 41,000 professional visitors, including 3,292 overseas visitors from 89 countries and regions. The professional identity of the industry includes building materials distributors, construction engineering and real estate hardcover project buyers, well-known mechanical equipment, Manufacturers of doors, windows, furniture, etc., as well as building materials dealers such as B&Q, Wal-Mart, Carrefour, Home Depot, Kingfisher Group, LGSourcing, Lehua Meilan, Metro, and multinational retail groups. The 2012 China International Building Hardware Fair will be held from September 19th to 21st at the Shanghai New International Expo Center. As of now, the booth has been scheduled to exceed 70%.