loading

ZHD Hardware - Leading furniture hardware manufacturer, custom metal furniture legs & table base frame

Navigating Export Tax Rebate Adjustments: Challenges and Opportunities for China's Furniture Hardware Industry

Adapting to Export Tax Rebate Adjustments: A Strategic Shift for China's Furniture Hardware Industry

Understanding the Policy Change

The Ministry of Finance and State Taxation Administration's policy adjustment includes:

  • Cancellation of Export Tax Rebates: Rebates for aluminum and copper products have been removed.
  • Reduction in Rebates: Items such as photovoltaic products, batteries, and refined oil products will see their rebate rates drop from 13% to 9%.

This initiative aims to:

  1. Reduce dependency on low-value-added exports.
  2. Encourage innovation and the production of high-value goods​ .

Impacts on the Furniture Hardware Sector

For furniture hardware manufacturers, aluminum plays a pivotal role as a lightweight, durable material in producing table legs, sofa bases, and other components. The removal of export tax rebates is expected to:

  • Increase Costs: Exporters will face higher material costs, impacting profitability.
  • Reduce Competitiveness: Products may become less price-competitive globally.
  • Drive Industry Shifts: A stronger focus on domestic markets and product differentiation could emerge as priorities.

Opportunities for Strategic Growth

While the policy poses challenges, it also provides opportunities for transformation:

  1. Product Innovation:

    • Develop high-quality, custom-designed furniture hardware.
    • Enhance aesthetic and functional features to cater to premium markets.
  2. Sustainability Focus:

    • Invest in eco-friendly materials and production processes.
    • Align with global sustainability standards to attract environmentally conscious customers.
  3. Market Diversification:

    • Explore partnerships in untapped regions.
    • Target domestic markets, where demand for quality furniture components is on the rise.
  4. Operational Efficiency:

    • Adopt automation and lean manufacturing techniques to minimize waste and reduce costs.

Our Factory’s Commitment

At Zhaoqing Gaoyao Zhihongda Hardware Limited, we view this policy as an opportunity to redefine our approach to global trade. By integrating advanced technologies, diversifying supply chains, and investing in sustainable practices, we are committed to delivering value to our clients worldwide.


Conclusion

The adjustment in export tax rebates signals a shift in China’s economic strategy, emphasizing sustainability and innovation. For the furniture hardware industry, adaptability will be key to thriving in this evolving landscape. We invite you to connect with us to learn more about how our factory is responding to these changes and how we can support your business needs.

prev
Our Factory Secures European Authorized Representative: A Milestone in Regulatory Compliance
Impact and Opportunities for the Furniture Hardware Manufacturing Industry in the Era of Double 11 Global Expansion
next
recommended for you
no data
Get in touch with us
Ready to cooperation with us ?
Contact Us
Follow Us
Contact Person: Osborn
Tel: +86 132 4260 8167
E-mail:
Copyright © 2025 ZHD -www.zhdhardware.com | Sitemap | Privacy Policy
Contact us
whatsapp
contact customer service
Contact us
whatsapp
cancel
Customer service
detect