So far, China has contributed a lot to the growth of the global economy. Whether it is in trade, warming, Sudan, Darfur or North Korea, China has become a new key factor. Without it, it is impossible to reach a permanent solution.
However, for Chinese exporters, 2008 will be a challenging year. The trade frictions encountered by China have extended from the micro level of products and enterprises to the macro-system and policy levels, and the international trade environment has become increasingly severe. China has been the country with the most anti-dumping investigations in the world for 12 consecutive years. Currently, one third of the world's anti-dumping investigations are directed against China.
China's foreign trade continues to grow at a high rate, and the surplus is too large, which has led many foreign media to frequently create a variety of "China threat theory." The recent "threat theory" of Chinese product quality and food safety is outstanding, for example, on July 18, 2007. The US Consumer Products Commission announced the recall of six Chinese products with safety issues, including flashlights, air pumps, microwave ovens and children's shoes. On July 19, 2007, the Philippine Food and Drug Administration was from the White Rabbit Toffee produced by Shanghai Guanshengyuan. The carcinogen formaldehyde was detected. Some voices that advocate the protection of national interests and the invasion of foreign capital are also on the rise. The United States, the European Union, and Russia have adjusted their trade policies toward China this year. Developing countries are also worried about the growth of China's trade.
Like other export industries in China, lighting lighting products are labor-intensive products. They have long been winning at a low price and have a single model. They neglect the construction of the industry's own soft power and cannot participate in the formulation of international trade game rules. In 2008, waiting for China's lighting and lighting companies is not a Kangzhuang Avenue, but a slogan, we need to cross from the beginning.
Subprime crisis affects the US market
The subprime crisis that swept the global capital market caused by the bankruptcy of the second-largest subprime mortgage company in the United States in April 2007 led to financial market turmoil and slowed US economic growth. According to the latest estimates of the American Association of Mortgage Bankers, 30% of Americans who received a press in 2006 may not be able to repay their loans in time.
Since the United States is the largest export destination of Chinese lighting lighting products, it accounts for a quarter of the total export of China's lighting products. The US economy is largely driven by consumption. The subprime crisis has hit the US consumer market. The consumer confidence index of the US consumer market has been falling all the way down, from 105.6 in August 2007 to 88.6 in December. .
As the dangerous effects of the subprime crisis will be gradually released between 2008 and 2010, it is expected that in 2008, Chinese lighting companies with the US as the main export market will face a reduction in orders.
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