Inventory policies affecting the development of the coatings industry

Editor:Zhejiang Zhenshen Insulation Technology Corp. Ltd. │ Release Time:2019-03-04 
The policy contains a wide range of content. The simple generalization policy is the action norms of state organs or political party organizations formulated by the state or political parties in order to achieve the routes and tasks of a certain historical period. The impact of policy trends on the corresponding industries is self-evident, and new policies can make a company as good as a fish, and can also push the enterprise to a cliff. The policy described below is for the coatings industry. Xiaobian summarizes two types: policies specifically for the coatings industry and policies that indirectly affect the coatings industry.
  1. The central bank raised interest rates several times and raised the reserve ratio.
 Since July 7, 2011, the central bank has raised the benchmark interest rate for RMB deposits and loans of financial institutions. The one-year deposit and loan benchmark interest rates of financial institutions were raised by 0.25 percentage points. This is the third time the central bank raised interest rates in 2011, and it is the fifth rate hike since October 2010. In addition, the central bank raised the deposit reserve ratio by 0.5 percentage points on June 20, May 18, April 21, March 25, February 24, and January 20, respectively.。
  Since entering the interest rate hike cycle on October 19, 2010, the central bank has accumulatively raised interest rates five times, and the cumulative effect has already become apparent. After five interest rate hikes, the one-year deposit rate of financial institutions reached 3.5%, and the one-year lending rate reached 6.56%. The loan interest rate for five years or more has risen from 5.94% before the first interest rate increase in 2010 to 7.05% today. . In addition, until June 20, after the central bank raised the deposit reserve ratio six times in 2011, the deposit reserve ratio of large financial institutions reached 21.5%, and the deposit reserve ratio of small and medium-sized financial institutions reached 18.0%.
  Comments: The central bank's regulation and control policy is the biggest damage to the coatings industry this year. Although it does not directly affect the coatings industry, its impact is absolutely the biggest. The impact is mainly reflected from two perspectives: First, the monetary policy of raising deposit and loan interest rates and raising the reserve ratio several times has brought severe challenges to the capital chain of small and medium-sized paint companies, and the difficulty of financing for small and medium-sized paint companies will be further increased. Coatings companies are mainly based on small and medium enterprises. Second, the impact on the property market is passed on to the coatings market. The prosperity of China's coatings market in the past decade is inseparable from the hot property market. The sudden cooling of the property market has made the Chinese paint industry enter the coldest winter in history!
  2. The Ministry of Industry and Information Technology issued a plan for the implementation of clean production technology in the coatings industry.
  On August 16, the Ministry of Industry and Information Technology officially promulgated the “Notice on Printing and Implementing Cleaner Production Technology Implementation Plan for Five Industries Such as Chromium Salt”, announcing the implementation plan for clean production technologies in five industries such as paints. For the coatings industry, the most important task is to vigorously promote the clean production of the coatings industry, advocate the key demonstration and promotion of the application of water-based coatings in wood, bridges, automobiles, water-based containers, and the development of light-curing coatings.
  Comments: In the clean production technology program issued by the Ministry of Industry and Information Technology, it is not difficult to find that the focus is always on one topic - environmentally friendly paint production technology. As a responsible paint company, it should set an example in environmental protection. Everywhere, we have seen the company's "clean production" as the starting point, achieving the success of environmental benefits and economic benefits. In fact, whether it is clean production or environmentally friendly, for the coatings industry, this is not only for the final products of water-based paints or solvent-based paints, but should include a broader connotation. Cleaner production actually requires coatings. The coordinated development of the downstream industrial chain.
  3. 36 million sets of affordable housing bring new markets to the coatings industry
  After the end of the national conference on affordable housing projects, the provincial governments signed the 2011 project construction responsibility letter of responsibility. China will build 36 million sets of affordable housing in five years, and 10 million sets of affordable housing will be implemented in 2011. This will directly or indirectly bring a huge market to the coatings industry.
  Comments: In 2011 alone, the investment of 10 million sets of affordable housing projects will reach 1.4 trillion yuan. According to the coating calculation of 5%, it can drive the sales of paints to 70 billion yuan. Even if it is reduced to 1%-2%, the demand for coatings will exceed 10 billion yuan, and the market is huge.
  However, in the construction of affordable housing, the government will adhere to the pursuit of "high standards, high quality" and "low cost." In order to meet the two-way goal of “high quality and low price” in government procurement, an important indicator for the selected coating suppliers is to have a mature product system and excellent product quality. At the same time, because it is a supportive building, it will pay more attention to the cost performance of coating products, and the price will also require a competitive advantage. How to do a good job in the housing market is a problem that coating companies need to think about!
  4. Shenzhen issued the "Notice on Carrying out Pollution Remediation of Volatile Organic Compounds in Furniture Manufacturing Enterprises"
  On January 24, 2011, Shenzhen Habitat Environment Committee officially issued a Notice on the Renovation of Volatile Organic Compounds in Furniture Manufacturing Enterprises to Shenzhen Furniture Manufacturing Enterprises. This is a strong target for Shenzhen to upgrade the furniture industry. Sex documents, this notice is more focused and detailed than the Notice of the State Administration of Work Safety issued on July 14, 2010 on the implementation of high-toxic substances in wood furniture manufacturing enterprises.
  Comments: After years of integration, China's furniture industry is still firmly defined as a highly polluting, high-energy, labor-intensive manufacturing industry, which is clearly contrary to the development objectives of the country's "environmentally friendly" society. If the measures in Shenzhen can be successfully implemented, it will not only have a huge impact on the furniture industry and the paint industry in Shenzhen, but also have far-reaching significance for the management of air volatile organic compounds pollution in the country and the furniture coating industry in the country.
  5. The key points for the energy conservation and emission reduction work of the “12th Five-Year” petrochemical industry
  On August 5th, the national energy and emission reduction work conference for the petroleum and chemical industry was held in Beijing. Li Yongwu, president of the China Petrochemical Federation, introduced the key points of energy conservation and emission reduction in the petrochemical industry during the 12th Five-Year Plan period. Li Yongwu pointed out that it is necessary to build a clean production promotion mechanism with enterprises as the mainstay, market guidance, government promotion, and relevant industry organizations to formulate clean production technology implementation plans and clean production evaluation index systems for key industries, especially in petroleum, petrochemical, and chlor-alkali. , a series of clean production demonstration projects in key industries such as nitrogen fertilizer, phosphate fertilizer, dyes and coatings.
  Comments: Since the country's energy conservation and emission reduction has been included in the five-year development plan, the energy-saving and emission reduction boom in the coatings industry has never faded, but the real paint companies are few and far between. As the world's largest country in the production and consumption of paints, China is a long-term battle for energy conservation and emission reduction. As a pioneer in energy conservation and emission reduction, the coatings companies and the strong backing governments must work closely together to formulate detailed emission reduction strategies and measures. In the practice, slowly explored and removed obstacles for the successful implementation of energy-saving emission reduction targets.
  6. “Green Energy-Efficient Building Action Plan”
  The “Green Energy-Efficient Building Action Plan” prepared by the Development and Reform Commission and the Ministry of Housing and Urban-Rural Development has been asking for comments for half a year and will be released soon. The main objectives of the program are: 1.1 billion square meters of new green buildings in urban and rural areas during the 12th Five-Year Plan period, and energy-saving renovation of 570 million square meters of buildings; starting from 2017, all new urban buildings will implement green building standards. At present, the program has been very detailed, forming a set of targets for promoting green and energy-efficient buildings.
  Comments: At present, China's construction industry and building materials market generally only focus on whether to achieve the fire safety performance indicators of building insulation materials, but ignore the ability to achieve energy-saving indicators. It can be foreseen that during the “Twelfth Five-Year Plan” period, the huge market space of more than one billion square meters of energy-efficient buildings will be slowly opened, which will bring growth opportunities to related coating companies.
  7. Implementation of standards such as “Safety Regulations for Warehouse Construction and Storage”
  On April 5, three local standards such as “Safety Regulations for Warehouse Construction and Storage” began to be implemented in Beijing. At this point, the building materials market in Beijing Sanhuan sells paints, etc., and the real objects are not allowed to be put on shelves.
  Comments: People who are constantly alert to frequent accidents are the first to be safe. The regulations issued this time stipulate that, in addition to limiting the physical location of the business premises in the Beijing Third Ring Road, it is not allowed to be on the shelves. Even if it is sold outside the Third Ring Road, it must be equipped with a qualified stockpile according to the standard. The implementation of the safety code for hazardous chemicals in Beijing will take the lead in the safety management of hazardous chemicals in the country.
  8. The national value-added tax and business tax thresholds are raised sharply
  The Ministry of Finance recently issued a decision on amending the "Regulations on the Provisional Regulations on Value-Added Tax of the People's Republic of China" and the "Implementation Rules for the Provisional Regulations on the Business Tax of the People's Republic of China", and raised the threshold for value-added tax and business tax. The revised rules will come into force on November 1. The Ministry of Finance announced that the second paragraph of Article 37 was amended as follows: “The scope of the VAT threshold is defined as: sales of goods, monthly sales of 5,000-20,000 yuan; sales of taxable services, monthly sales 5000-20000 yuan; for each tax payment, it is 300-500 yuan per day." The third paragraph of Article 23 of the Regulations on the Provisional Regulations on Business Tax of the People's Republic of China is amended as: "Business tax The scope of the point is stipulated that if the tax is paid on time, the monthly turnover is 5000-20000 yuan; if it is taxed once, it is 300-500 yuan for each (day) turnover."
  Comments: Since the beginning of this year, under the complicated economic situation at home and abroad, many small and micro enterprises have faced the challenges of survival, and the problems of financing difficulties and tax burdens are prominent. In addition to this, China's coatings companies have to face a series of problems such as shrinking markets and rising costs. Raising the threshold for value-added tax and business tax for small and micro enterprises may be the most effective way to reduce the burden on enterprises. Bringing a touch of warmth to Chinese paint companies in the cold winter.