Hot news: luggage industry policy in 2022: the state accelerated the implementation of luggage support policies

China’s cases and bags have reached the world’s advanced level, and China’s cases and bags products have become the largest export market. At present, luggage is a commonly used luggage storage tool for our daily travel. Driven by the global economic development and market demand, China’s luggage industry has developed rapidly in the past decade, and the growing market demand has put most luggage enterprises on the track of rapid development. The following is the policy analysis of the luggage industry in 2022.

As far as the change of luggage sales revenue in China is concerned, people’s living standards continue to improve, and the main consumption force prevails. The demand for luxury goods has increased significantly. The competitiveness of luggage products in Southeast Asia has improved, leading to the continuous decline of domestic luggage export demand and the continuous growth of imports. In addition, under the background of epidemic, the domestic consumption power has declined, and the sales revenue of luggage enterprises in China has continued to decline. The recovery in 2021 is less than expected, only 133.03 billion yuan, According to the research report on the operation situation and investment prospects of China’s luggage industry from 2022 to 2027, the overall sales revenue in the first half of 2022 will be slightly lower, with a small increase of 57.85 billion yuan compared with the same period in 2021.

The development of the luggage industry is faced with problems such as low product grade, weak brand awareness, low level of production automation, weak market competitiveness, and insufficient enthusiasm of enterprises to earn foreign exchange through export, which do not meet the requirements of high-quality development of the industry. Practical and effective measures must be taken to solve these problems, accelerate the development of the industry towards the middle and high-end direction, and strive to build a rich and strong industry with high quality and sustainable development. The policies of the luggage industry in 2022 are analyzed from five supportive policies.

1. Support industrial brand publicity.

We will continue to support the Luggage and Leather Products Industry Association of Xingan County to hold the Luggage and Leather Products Festival on a regular basis, and the fund will support the special fund in 1:1. Luggage and leather goods enterprises carry out brand promotion on the media platform above the provincial level, and will be given a subsidy of 10% of the brand promotion cost (including the provincial level). For luggage and leather goods enterprises above the designated size or with an annual tax payment of more than 500000 yuan, if they need to carry out brand promotion on the county-level state-owned assets media, they will provide less than two (2) free advertising display spaces after the approval of the County Urban Management Bureau and the County State owned Assets Management Office.

2. Support enterprise brand creation.

A one-time reward will be given to enterprises for successful brand creation. Among them, 100,000 yuan and 50,000 yuan will be awarded respectively for winning Chinese well-known trademark, provincial famous trademark or famous brand product; Awarded as Jiangxi Provincial Government Quality Award and Ji’an Municipal Government Quality Award, 300000 yuan and 100000 yuan will be awarded respectively; Awarded with Chinese invention patent authorization, 30000 yuan/piece; 1200 yuan/piece for obtaining utility model patent; Award 800 yuan/piece for obtaining new appearance patent. The same enterprise, the same brand, and the same product can only enjoy the same level of rewards once, without repeated enjoyment.

3. Support enterprises to formulate standards and comply with regulations.

A one-time reward will be given to enterprises for formulating standards, of which, 100000 yuan will be awarded for leading the formulation of national standards; RMB 10000 will be awarded for participating in the formulation of national standards. The luggage and leather goods enterprises are encouraged to apply for enterprises above the designated size, and 30000 yuan will be awarded for each successful application.

4. Encourage enterprises to earn foreign exchange through export.

Establish the turnover fund for export tax rebate of luggage and leather goods, and introduce a third-party company specialized in customs declaration and inspection into the county administrative service center to provide foreign trade services for export enterprises. For production type luggage and leather goods enterprises, RMB 5 points will be awarded for every USD 1 exported. Foreign trade circulation enterprises that export luggage and leather goods on behalf of the county enjoy the same export policy for production type luggage and leather goods enterprises. For newly introduced foreign invested luggage and leather goods enterprises, RMB 5 will be awarded to the settled enterprises for each dollar of cash investment.

5. Expand industrial financing channels.

We will spare no effort to assist enterprises in obtaining national and provincial credit, subsidies, subsidies, interest discounts, funds and other support. Encourage and guide enterprises to make good use of financing platforms such as “Caiyuan Credit Connect” and credit enterprises’ reverse loan funds, and give “Caiyuan Credit Connect” support of 3 million yuan to 5 million yuan to enterprises above the designated size of luggage and leather goods that meet the safety and environmental protection standards. Establish a benign interaction mechanism between banks and enterprises, encourage commercial banks to set up luggage and leather goods credit products, and expand industrial financing channels. Encourage enterprises to be listed, and support policies for listing shall be implemented in accordance with relevant county documents.

The materials of luggage in China are diversified, and the state has accelerated the implementation of luggage support policies. At present, luggage has undergone a new round of great development, and smart luggage products have entered people’s lives. In the future, the luggage business in China will glow with new vitality, and the sales of the global luggage industry will show a fluctuating growth trend.