Guangdong furniture exports resumed growth of 880 million US dollars in September
Guangdong is a major province for furniture exports in China. According to Guangzhou Customs statistics, from January to September 2009, Guangdong exported furniture and parts of 6.91 billion US dollars, down 9.3% year-on-year, which was smaller than the overall decline in Guangdong's exports during the same period. In September, exports resumed growth, with exports reaching US$880 million, a year-on-year increase of 1.3%, which was the highest monthly export since February this year. Customs analysts believe that the decline in Guangdong's furniture exports is relatively small, and exports have gradually stepped out of the downturn in September, for three main reasons. The peripheral economy showed signs of improvement; Guangdong furniture export enterprises strengthened the independent innovation design of products and the development of emerging markets; the export tax rebate rate increased the stimulus effect.
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