Currently, nearly one trillion U.S. dollars in assistance programs, although the European sovereign debt temporarily curb the rapid spread of the crisis, but the market’s rebound in the euro exchange rate remained skeptical. If this trend continues, the euro will have a profound impact on the global economy, which "bring disaster to the" China’s furniture industry exports to the EU market.designer furniture Arne Jacobsen Charles and Ray Eames Eero Aarnio Eero Saarinen Florence Knoll Le Corbusier Ludwing Mies Van der Rohe Eileen Gray George Nelson Verner Panton Isamu Noguchi Frank Lloyd Wright Gerrit Thomas Rietveld Harry Bertoia Josef Hoffmann Marcel Breuer Poul Volther Poul Kjaerholm Studio 65 Shin and Tornoko Azumi Anonimo Chesterfield Aristeu Pires Modern Tables Isamu Noguchi Coffee Table Tulip Table Saarinen tulip oval dining table Eileen Gray End Table Barcelona Coffee Table Eames Wire Base Table Eames Elliptical Table Arne Jacobsen Coffee Table Parabel Table Noguchi Dining Table Le corbusier table LC6 Super-circular Table Oval Tuplip Table Fritzhansen PK61 Glass Table Marcel Breuer Laccio Table Set Le corbusier Coffee Table LC10 Eames Plywood Coffee Table ............................................. Bar Tables and Stools LEM Piston Stool Eames stool Nelson Platform Bench Zig Zag Chair Tulip Stool Nimitz Bar Chair .

1, the euro was flat the long run the dollar will help enhance the competitiveness of the European Union

In a series of rescue measures to stimulate Europe, the euro rebounded against the U.S. dollar trend, however, has insufficient capacity for the euro is down, May 27, the euro exchange rate against the yuan central parity of 8.3940 reported. Only six months time, the euro broke the way "10", broken "9", a great break "8" trend. June 1, late New York trading the euro against the U.S. dollar to close at the 1.2253, down slightly from the previous trading day; However, intraday euro fell to 1.2111 against the dollar once again to refresh the lowest in four years.

Yet more than half of the year 2010, the euro rate of nearly 20% depreciation of the dollar, only to fall 7% in May, the euro has hit the longest in 11 years the birth of a slump. Lounge Chairs Egg Chair Swan Chair Barcelona Chair Ball Chair Eames Lounge Chair Bubble Chair Panton Chair Corona chair Chaise Lounge Chair Womb Chair Basculant Chair LC1 Eames La Chaise Wassily Chair Ovalia Egg Chair Pratfall Chair Hans J Wegner Style GE 290 Chair Eames Rocking Armchair Ox chair Wegner Shell chair Charles Rennie Mackintosh Hillhouse Chair Rohe Chaise Longue Eero Aarnio Pony Chair Tomato chair Focus 2 Chair Eileen Gray Bibendum Chair PK22 PK20 Heart Cone Chair Verner Panton Cone Chair Garden Egg Chair Coconut Chair Eames Molded Lounge Chair Eames plywood lounge chair Saarinen Ring Executive Chair Saarinen Executive Chair Egg ball chair Hanging Eero Aarnio Eye Ball Chair Half Dome Chair Acrylic Hanging Eye Ball Chair Redesign Bubble Chair Egg Shape Acrylics Chair Fiberglass Armchair Pastil Chair Thomas Chair Pratflall Chair Cup Lounge Chair Vanity Fair Chair

EU member states against the euro did not panic, the opposite is very optimistic. BNP Paribas chief Asia economist Richardlley that the European banking industry has been sounding the orange alert, the situation is really worse if the banking sector, then the current best of the Asian economic development will also be affected. He expects the euro-dollar exchange rate will reach 1:1 in the first half of the level of the dollar and the euro will be equal. French Prime Minister Francois Fillon said that the euro is overvalued against the dollar has affected the exports of the euro area, seriously damaging the interests of the eurozone, the euro exchange rate remained low is good news. EU Ambassador to China Serge Abou said: At present, we are not worried about the status of the euro, we are only worried about the speed of the depreciation of the euro, but now appears to have stabilized the euro, the euro exchange rate close to its historical average, and in line with the euro area economy the basic situation, this level is a reasonable reflection of the competitiveness of the euro, further depreciation will enhance their competitiveness. Shows moderate depreciation of the euro in the euro area not only save the consumer market, but also business investment in the euro area, further reducing operating costs. In the June 7 the European trading session, the European stock market and stabilize both the euro, the German Ministry of Economic Affairs released figures on the 7th, due to continued growth in domestic demand, the German manufacturing orders in April rose 2.8%, Central, an increase year on year 29.7%, higher than expected. Manufacturing orders in Germany in April data from the euro zone and 15-member orders less than 1% in March, orders from countries outside the euro zone growth of 5.5%. Analysts said the continued depreciation of the euro as German manufacturers maintain the growth momentum of the "heroic", the EU appears to have acquiesced euro to support the economy and help member countries out of debt trap, the second half of the EU market is expected to gradually pick up, the global economic situation, will gradually be optimistic.

Second, in the country (see map) with export enterprises seeking profits in response to home and less abroad

China’s exports to the EU mainly include mechanical and electrical products, electronic products, textiles, clothing, footwear, furniture, machinery and electronic products which accounted for about half of export sales. Depreciation of the euro, will be on the exports of a certain impact in the short term to export products have become more "expensive" and greatly reduce the price competitiveness of Chinese products, on the orders of some SMEs to get EU is a heavy blow. U.S. dollar devaluation in 2008, when the furniture export business began to try to use euros. Originally settled in euros is to reduce risk, reduce losses, but on Jan. 1, 2010, �100,000 convertible 979,700 yuan, as of May 27 only exchange 839,400 yuan, 100,000 euros loss of 140.3 thousand yuan Renminbi, the exchange differences for many enterprises that the economic damage. As the renminbi is virtually pegged to the dollar, resulting in a passive appreciation of the yuan, no doubt, the euro and the yuan revaluation of China’s import and export business in the second half. Economic experts say: the impact of the euro is lagging behind, on the impact of Chinese exports to the EU companies being slow, but sooner or later to come. In the second half of the EU export growth will slow down. If the euro continues to remain strong, while inflation, the National Wujin purse, low consumption, long-term export situation can not be reversed, China’s economic growth may slow down.

Meanwhile, the domestic furniture production costs continue to increase. Since the beginning of this year, the prevalence of the "labor shortage" due to the failure to increase labor costs, raw materials prices have also continued to rise, particularly sheet, sponge, paint, hardware and accessories rose significantly. Shortage of timber and other raw materials, according to statistics, China’s total timber imports in the first quarter, a significant increase in imports reached a total of 7.7 million cubic meters, the total amount of more than 130 million U.S. dollars, compared to last year in the number and total amount, respectively, an increase of 37% and 60%. But the domestic timber demand will not increase long-term to maintain momentum, is expected in the second half timber imports will decline. Coupled with an appreciation of the renminbi expected, the cumulative appreciation of the euro has reached 14.5%, long run will also give our exporters a huge cost pressure, these factors will result in furniture prices in the second half. Ningbo Furniture Association Secretary-General Yang Junyuan also asserted: "As the increase in raw materials and labor costs, furniture prices is inevitable, from the general trend this year, or expected to be 10% -15%." But this time the Chinese furniture industry has experienced the euro, furniture export business into a dilemma situation, the EU market, weak demand, furniture exporters are forced to adjust prices, but in the country is facing pressure to increase the cost of furniture products, furniture enterprises have no price reduction profitable phenomenon, "China" more and lose the price advantage of their market competitiveness, this External and internal situation, if continues, will lead the Chinese furniture industry, structural reorganization. Therefore, only by continuously adjusting the furniture industry’s export trade policy, reduce product cost in order to adapt to the changing international market.