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Office Furniture Industry Data
On January 21, the National Bureau of Statistics released a bunch of data reflecting the operating conditions of China's economy and society in 2018. Behind these data are hidden many important information about the development of the furniture industry. From these data, we can discover the major business opportunities for the development of China's furniture industry in 2019, and also indicate the trap of the office future, which should be circumvented.
The announcement of the 2018 National Annual Report of the Chinese Economy and Society shows that the Chinese economy has made great progress in 2018 and is full of energy. The optimistic view of the Chinese economy is entirely justified. The first is that the total economic output exceeds 90 trillion yuan for the first time. If the exchange rate of RMB against the US dollar on January 21 is equal to 6.78 yuan, it is about 13.28 trillion US dollars, which is the total economic volume of the United States in 2017. About 68%. Don't underestimate this number. The rapid growth of China’s economic aggregate is the most taboo in the United States and the main reason for the Sino-US trade war. The Sino-US trade issue is still in difficult negotiations, and I wonder if the announcement of this data will have a negative impact on the negotiation process.
Second, people's income has grown rapidly. The nominal income of urban residents increased by 7.8%, and the income of rural residents increased by 8.8%. The median income of workers was 24,336 yuan, an increase of 8.6%. Both urban residents and rural residents have achieved significant growth in income. The increase in the median income reflects the growth of the majority of workers' income.
Third, both urban residents and rural residents dare to consume. The growth of consumption is fast and stable. Last year, urban residents' consumption increased by 6.8%, per capita consumption reached 26,112 yuan; rural residents' consumption increased by 10.7%, and per capita consumption expenditure was 12,124 yuan. The growth rate of consumption has accelerated compared to 2017. The economic aggregate data, income data, and consumption data show that the development of the furniture industry is in a good environment. First of all, the economic situation is still on the rise channel, there is no factor that drags down the development of the industry; secondly, the income of the people increases year by year, and the consumption increases rapidly. Both urban residents and rural residents are daring to consume. There is no such thing as having money and only not using it. The big development environment is good, it depends on how the furniture enterprises create their own small environment and form their own benign development channel.