2023 Global Home Furnishing Development Forum Held in Guangzhou

Recently, the opening ceremony of the 51st China (Guangzhou) International Furniture Expo and the 2023 Global Furniture Development Forum were held in Guangzhou. The "2023 Global Home Furnishing Development Forum" aims to seize the era opportunity of both innovation and consumption innovation in the home furnishing industry, work together with policy experts, economists, industry experts, business association leaders, key brand representatives, and other guests to discuss new paths, new models, and new formats for the development of the home furnishing industry, and build a better life home furnishing ecosystem around key words such as intelligent manufacturing, artificial intelligence, big data, and global market, Guide the new direction for high-quality development of the household industry.

Responding to the Times and Expanding Domestic Demand, China's Home Furnishing Industry Welcomes Opportunities and Challenges

In his keynote speech "Opportunities and Challenges for the Development of China's Home Furnishing Economy in the New Era", Yao Jingyuan, a special researcher from the Counsellor's Office of the State Council, pointed out that expanding and improving consumption should be given priority, and that "the home furnishing industry is closely linked to the needs of the people for a better life. It is the fundamental industry, the fundamental technology, the fundamental approach to achieving the second century goal, and an industry with great development space."

"China's middle-income group now has 400 million people, and it will double to 800 million by 2035." Yao Jingyuan said that the household industry is an important industry and field that attracts labor employment. "If employment is solved, ordinary people will have income. The middle-income group is the most important buyer and consumer in the household industry, and only with income can there be consumption."

When analyzing the opportunities in the current home furnishing market, Yao Jingyuan specifically pointed out that China has a huge domestic demand market advantage and is building a strategic pattern of domestic and international double circulation, with the domestic big circulation as the main body. For this reason, he emphasized: "The home furnishing industry must closely integrate with the needs of the people for a better life, shifting from the pursuit of quantity and speed in the past to the pursuit of quality. Seize opportunities, accelerate industry transformation, and achieve high-quality development. Continue to stabilize exports, and then fully tap the domestic market to promote employment and boost consumer confidence."

Standing at the smart manufacturing outlet to achieve smooth development of the entire industrial chain

Shao Yang, Chief Strategic Officer of Huawei Terminal BG and President of the Whole House Intelligent Product Line, in his keynote speech titled "Huawei Whole House Intelligent Leading Spatial Intelligence", starting from the development history of China's real estate industry, discussed the inevitability of intelligent and digital transformation in the household industry, He also mentioned the dilemma faced by the industry transformation - "Home furnishing is the largest industry that has not yet achieved widespread intelligence. Achieving intelligence seems to be a structural integration, but the real key is the feelings of consumers."

In Shao Yang's view, smart home, as an industry that promotes changes in spatial experience and improves people's living experience, is bound to usher in tremendous opportunities. To truly do a good job in smart home, it is necessary to attach importance to the smooth development of the entire industry and industry chain, and unite with governments at all levels, real estate enterprises, home appliance enterprises, designer teams, and upstream and downstream integrators to open up the three major fields of connectivity, interaction, and ecology. He expects that in the intelligent transformation and development of the home furnishing industry, "we not only provide a solution, but also work together to promote everyone's future life into a better look."

Construct a dual cycle pattern and continuously strengthen the leading advantage of foreign trade

Mr. Ray Allegrezza, Executive Director of the American Association of International Furniture Vendors, mentioned that the American furniture market has been constrained and hindered by the supply chain during the market recovery. The holding of the China National Expo (Guangzhou) will help companies in both China and the United States find new resources and meet new customers, providing more companies with opportunities and platforms to expand global channels.

Mr. Mark Yong, Chairman of the ASEAN Furniture Industry Council, said that ASEAN has always maintained a strong relationship with China, and the furniture industries of both sides continue to benefit from this. With the opening of the China National Expo, ASEAN enterprises have opened the door to trade they need, enabling them to reconnect with the world and gain access to the latest trends in the global furniture and home furnishing industry. We look forward to seizing the opportunity and achieving greater development at this grand trade exhibition.