Leung Hao Lin
Leung Jade Industry Status and Response Fei Hao Lin Jadeite is the king of jade, is unique to Myanmar, non-renewable rare natural resources. China's mainland economic reform and opening up, the implementation of the market economic system, fully liberated the social productive forces, under the automatic regulation of the law of value, material civilization has made great progress, the national standard of living has increased dramatically. Both material, cultural, symbolic, religious, faith, inheritance of multiple carriers of jadeite jewelry and a variety of carving finished product production and sales with the national economy in tandem with the development of the gradual popularization, into thousands of households.
From the early 1990s to the end of 2010 (during the 1977, 2002, 2008 to 2009, there was a brief contraction in sales, selling prices fell), the market price of jadeite jadeite stones and finished products in general showed a very clear upward trend. Although jadeite is produced in Myanmar, more than 80% of the raw jadeite materials are purchased by jade merchants in China, and more than 80% of the jadeite jewelry and all kinds of finished carvings are processed in China, and the main consumer market is also in China. With the increasing concentration of the industry, the consumer market gradually mature, the industry development gradually standardized, the practitioners are expanding the team, the quality of personnel continue to improve, coupled with the brand and integrity of the construction of remarkable results, China's emerald characteristics of the industrial chain continues to extend, increasingly perfect. However, the current Chinese jewelry and jade jewelry industry as a whole into a low-growth stage, in the trough of the jadeite business operators both to seize the historic opportunity, but also for the arrival of the waves of shuffling stage to make full preparations for the ideological and tend to avoid harm in the response measures.
1.2011-2012 Jade Bidding Fairs in Burma and Heping Chau
Myanmar Jade Bidding Fairs are generally held three times a year, in March, July and November respectively. The Jewelry Law of Myanmar stipulates that all jadeite materials extracted from mining areas must be gathered in Yangon (moved to the new capital Nay Pyi Taw in November 2010) for categorization, grading, weighing, numbering, and bidding, and jewelers from all over the world are regularly invited to the fairs every year to bid on the jadeite materials, and the highest bidder gets the jadeite materials. The Myanmar Jade Bidding Fair is divided into two parts: secret bidding and open bidding. About 95% of the bids are secret bids and about 5% are open bids. The Myanmar Jade Bidding Fair has become the world's jadeite price trend weathervane.
2012 China Jewelry & Jade Jewelry Yearbook
In March 2011, the Myanmar Jade Bidding Fair exhibited 16,926 pieces of jade***, attracting more than 10,000 merchants to participate in the bidding and purchasing, of which more than 4,700 merchants from China's two sides of the Taiwan Strait and four places, and nearly 6,000 merchants in Myanmar, and the turnover of jade was 13,610 pieces of jade, which accounted for 80.4% of the total pieces of jade, and the total turnover amounted to 17.4%, and the total turnover amounted to 17.4%. The total transaction amounted to 1.75 billion euros, and the price and quantity of the transactions rose, setting a record high. However, due to the subsequent export of Burmese jade to mainland China at high prices, smuggling cases, the relevant departments seized many batches of jade, detained or arraigned dozens of jade merchants, and to date, only 30% of the total turnover has been paid for and taken delivery of the goods.
In July 2011, there were 22,317 pieces of jade exhibited at the Myanmar Jade Bidding Fair, with 4,397 foreign jade traders and more than 4,800 domestic jade traders. Unlike in the past, after the Myanmar National Jewelry and Jade Fair Committee met and decided to implement new security deposit regulations, starting from the current fair, merchants who deliver a 10,000 euro security deposit can not bid more than 1 million euros for a single piece of jade, while those who deliver a 50,000 euro security deposit are not limited to the amount of the next bid. In addition, a single bid price from the original 100 kyats to 500 kyats. The introduction of this provision, aimed at the trade fairs occur frequently after the bidding phenomenon of abandonment of the bid, to a certain extent, increased the default cost of the winning bidder. Overall, the price of high-grade jadeite stones basically stabilized, while the bidding prices of medium and low-grade jadeite stones dropped to different degrees, and the bidding atmosphere was relatively dull. After the jade bidding fair, due to problems in remittance, transportation, customs clearance, etc., many successful bidders were stranded in the warehouses of the Myanmar Jade Fair. After the 90-day payment deadline expired, most of the winning bidders defaulted on the payment, and the owners had no choice but to pull the stones away one after another, and then place them at the next fair for re-bidding.
December 22, 2011 to January 3, 2012, Myanmar held the last jade bidding fair in 2011 in Naypyidaw (Note: Due to the overlap of the 11th ASEAN Information and Communication Ministers' Meeting (AICM) and the Fourth Leaders' Meeting on Greater Mekong Sub-region Economic Cooperation (GMSEC) held in Naypyidaw in December and the jade bidding fair, based on security requirements and the new capital city of Naypyidaw, Myanmar held the last jade bidding fair in 2011, and then the next fair for re-bidding. Based on the security requirements of the meeting and the reception capacity of the hotel in the new capital of Myanmar, the fair had to be postponed several times),*** 11,789 pieces of jade were on display, which is half the number compared to the previous session. There were 1,473 foreign merchants and 3,564 Myanmar jade merchants at the fair, a total of more than 50% fewer than the July fair of the same year and the same period in 2010, with the number of non-Myanmar participants dropping by more than 60%. In addition, the admission deposit soared from 10,000 euros to 50,000 euros, and the cost of a pass rose from 50 to 100 U.S. dollars. In mainland China's jadeite jade market depression, transportation costs and import risk high situation, Myanmar jade bidding fair added all kinds of harsh conditions invariably will be many jade Chinese businessmen turned away from the door. Due to the uncertainty of the jadeite industry in mainland China and the euro exchange rate continued to fluctuate significantly and other factors, most of the jade businessmen in the bidding for jade began to return to rationality. From the transaction price, this time, although the price of the jade transaction is still in the second highest running, but not too far away from the market price. The turnover rate of Mingbiao jade was only 30%, and some of the stones were sold at the reserve price. It is worth mentioning that Myanmar jade traders emerged as a force to be reckoned with at the fair, with turnover rising sharply. In recent years, the Burmese government has gradually strengthened its guidance on domestic jadeite processing and export, while the gradual boom of the wholesale market for finished jadeite products has inspired more and more Burmese jadeite traders to participate in the bidding and set up factories for further processing.
The jade bidding fair in Myanmar in March 2012 ****16,695 pieces of jade were displayed, and 2,100 foreign merchants and 3,200 Myanmar merchants participated in the fair, which is a decrease of nearly 60% compared with the same period in 2011. There were many adjustments made to the fair compared to the previous ones. Firstly, labels introducing the grade and origin of the jade were added to each piece of jade in the fair; secondly, a number of finished jade products (such as bracelets, etc.) were involved in the secret bidding, and most of these finished products were of low-grade goods, with a single variety, old styles, and rough workmanship, and came from the local jade processing factories in Myanmar; and there was also a slight modification to the bidding forms used in this fair. According to the statistics, the turnover rate of the secret bidding was 58%, while the turnover rate of the open bidding was just over 40%, and the bidding atmosphere was particularly cold, which was a rare scene for many years. Although the bidding price of jade did not see a sharp decline, but can be said to be the return of rationality. During the fair, the Association sent a working group to Myanmar to submit to U Tin Swe, the general manager of the Myanmar Jade Fair, a letter of opinion on the problems, solutions and reforms of the deposit payment method, and conveyed my constructive comments and suggestions. General Manager U Thin Shwe said that he would seriously study the relevant opinions and suggestions of the Association, pay attention to the reasonable demands of the Chinese businessmen attending the fair, effectively solve the problems of the Myanmar Jade Bidding Fair, enhance the level of supervision and the quality of services organized by the Jade Trade Fair, provide fair, just and high-quality and efficient services for the jade merchants of both China and Myanmar, and ****together with the efforts to promote the healthy and sustainable development of the jade trade between China and Myanmar.
Since the beginning of 2011, the Pingzhou Jade Bidding Fair organized by the Pingzhou Jewelry & Jadeware Association has maintained a rather dense field under the general environment of the market downturn, attracting wide attention and active participation of the industry, and the number of members who came to Pingzhou to participate in the Jade Bidding Fair remained high, and although the volume of transactions shrank and prices fell, the temperature was still maintained at a relatively high level.
2. Guangzhou, Shenzhen finished products distribution market and Sihui, Jieyang, Pingzhou Jadeite processing and wholesale base development changes and the status quo
At present, Guangdong has formed Guangzhou Liwan, Shenzhen Shui Bei two mega jewelry Jadeite distribution market, and Pingzhou, Sihui, Jieyang three processing and wholesale base to form a kind of interdependence, the front store after the factory of the close relationship between.
The three main jadeite processing and wholesale base in Guangdong Province to Jieyang Yangmei village of the highest grade, the smallest production, but the highest output value; Sihui the largest number of employees, more than 100,000 people, the largest production, but the output value of the lower to low-grade-based; Pingzhou is the body of the jadeite processing and wholesale to light the longest to the mid-range-based, due to a large number of foreign manufacturers to settle in recent years, so that the rich variety of products, everything! Various jade carving works of design creativity, carving technology and traditional cultural content has increased significantly, and later on. The whole characteristic industry shows the trend of extending gradually to both high and low grade based on medium grade. Pingzhou has a superior geographic location, convenient transportation conditions and good social security environment, especially Pingzhou Jewelry and Jade Association to build up the mainland China's largest Myanmar jadeite bidding and trading platform, the development of the strongest momentum, the best prospects. In recent years, Jieyang, Pingzhou, Sihui jadeite processing capacity and Liwan, Guangzhou, Shenzhen, Shui Bei distribution market scale continues to expand, but since early last year the jadeite industry into a recession, the five major industrial base capacity, distribution market and finished product stores gradually showed a surplus phenomenon, factory buildings, store rents are declining, rent reductions can be seen everywhere.
3. Changes and characteristics of the important retail market consumption of jadeite in Guangdong
After years of market competition, Guangdong jewelry and jadeite industry in the speed of development, industrial scale, design and creativity, processing technology, technological innovation, cultural content, commodity packaging, and industry self-discipline, honesty and integrity of the business are ahead of the country.
Early 2011 to date, come to Liwan, Guangzhou, Shenzhen, Shenzhen, two professional market and Jieyang, Pingzhou, Sihui three processing wholesale base of finished jadeite customers are decreasing, the price drop in the amount of shrinkage. The source of the market should also be the source of the depressed status of the national retail market is a comprehensive reflection. Jadeite wholesale and retail market has always been a single piece of 10,000 yuan below the largest sales of low-grade goods. 2010 before the end of the years, the jade business is hot, price and volume rise, a lot of operators have more than one store, although the burden of rent is heavier, but the obvious benefits are: access to market information is more comprehensive, more business opportunities, operators in the hands of stock and new goods can be adjusted at will according to the market need to keep the Freshness attracts customers' attention, and it is easy to sell at a good price. Since the beginning of 2011 so far part of the operators of the expansion of behavior by the increasingly depressed market correction, will generally choose a better feeling of their own store to hold on to the rest of the vacate the lease or sublet, contraction of the position, reduce expenditure. This situation has led to the five jade market are now facing a new store difficult to rent, the gradual decline in rents, over the years the jade industry formed by the operator team is too large, too much inventory in circulation, overcapacity, the serious problem of the industry is being the invisible hand of the industry recession and competition in the market corrected.
4. Jadeite customs channels, the current policy, the development of bottlenecks and adjustment proposals
After the end of all the bidding and bidding activities, the winning bidder and the Myanmar Jade Fair Organizing Committee signed the "winning contract", commissioned by the professional freight forwarding company in three months will be the winning bidding remittance of funds to the organizing committee designated by the Myanmar bank account by the freight forwarding company to handle the tax package for its transportation and customs clearance and other matters. The freight company will handle the tax-paid transportation and customs clearance for them. The tax-paid transportation fee will be charged at about $20 per kilogram for normal wool and about $45 per kilogram for better wool.
Since the beginning of 2011, the central government in order to prevent financial risks, curb inflation, tighten the silver root recycling liquidity, the whole economy and society gradually enter the winter. Non-necessities of life of the jewelry and jade industry bore the brunt of the first hit, the market depression, production and sales shrinkage. From April to July that year, three jade transportation companies in Pingzhou were investigated by the Customs Anti-Smuggling Bureau in Maoming, Shenzhen, Dongguan and Haikou for importing Burmese jadeite jade at high prices and under-reporting or under-reporting. The value of the Burmese jadeite jade seized was about 8 to 1 billion yuan RMB, and nearly 20 people were criminally arraigned on bail and detained, arrested and prosecuted for more than 10 times. As a result, people in the industry were unable to recover the payment for the goods entrusted to three jade transportation companies and the jade that had already been picked up and shipped back to mainland China (totaling more than RMB 500 million). The multiple overlapping, huge losses and wide-ranging impacts have made the whole industry vulnerable, disorganized, fearful and restless. Many involved in the jade businessmen and industry people feel helpless and depressed, have to the Association to talk for help. The Association was anxious about the urgency of its members and tried to reflect their demands to the relevant government departments. From the early 1980s to the present, the relevant ministries and commissions of the state recognized Myanmar jadeite as a luxury product, and the comprehensive import tariff of 33.9% has remained unchanged for a long time. High rate of import taxes, coupled with loopholes in customs supervision, so that the economic reform and opening up over the decades, some jadeite operators to high prices low or more into the less reported to cope with the illegal operation, gray operation; part of the high-grade jadeite raw stone transported to Hong Kong and Taiwan to cut processing for semi-finished products or finished products, and then carry or wear the way into the mainland, to evade the high level of comprehensive import tariffs. Because it is difficult to categorize and define the high and low grades of jadeite jade and the corresponding value of goods, it is difficult for the Customs and anti-smuggling departments to collect and control the goods, and the total amount of comprehensive customs duties on jadeite imports received in actuality is relatively small, which is not proportional to the actual value of goods purchased by jadeite merchants of mainland China who bid for the purchase of jadeite jade in Myanmar.
With the establishment and implementation of China's market economy system, the full liberation of the productive forces of society as a whole, the national economy has been growing year after year, the standard of living of the people is increasing, the material civilization has made great strides, from the early 80's, as if there were only a handful of morning stars of the million-dollar households to today's commonplace of million-dollar meals of the huge change can be seen. Can prosper China's jewelry market, beautify the national life, inheritance of the Chinese nation's excellent traditional culture, cultivate the national temperament, contribute to the construction of spiritual civilization of the jadeite characteristics of the industry development momentum is strong, full of energy. High and low-grade jadeite jewelry and carvings have entered thousands of households in China, "the former Wang Xie Tangqian Yan, flew into the homes of ordinary people", wearing the collection of the boom in the ascendant. In addition to a very small number of high-grade jadeite jewelry, most of the jadeite jewelry and carvings are not luxury goods, the General Administration of Customs and the relevant ministries and commissions should keep pace with the times, downward adjustment of comprehensive tariffs on jadeite jade imports from Myanmar.
For a long time, the Customs and Excise Department has started to levy ad valorem tariffs on the import of Burmese jadeite, but for a long time afterwards, it was levied from the quantity. 2002 to July 2009, the declared price for the import of the whole container of jadeite of low and medium grades was 1~1.3 US dollars per kg, which was enough. 2009, in early August, the Price Division of the General Customs and Excise Department issued a document to Customs and Excise Departments across the country and introduced a set of temporary supervisory measures for the import of Burmese jadeite. In early August 2009, the General Administration of Customs Price Department issued a document to the customs all over the country, introduced a set of Myanmar jadeite imports of temporary regulatory measures, the provisions of Myanmar jadeite imports per kilogram declared price of 15 euros as the lower limit, otherwise inadmissible. At that time, this resulted in over a thousand tons of low-grade jadeite jade stranded in Hong Kong container terminals. From April to July 2011, the three jade carriers in Pingzhou, Jingu, Cuiying and Tongli, were successively arrested by the Customs Anti-Smuggling Bureau in Maoming, Shenzhen, Dongguan and Haikou, Guangdong Province. Haikou Customs Anti-smuggling Bureau of Hainan Province. The reason given was that they were suspected of smuggling by concealing the value of their goods and evading the consolidated import tariff. The three jade carriers were seized by the Customs Anti-Smuggling Bureau of Myanmar jadeite jade, all of which were imported with more than 15 euros per kilogram according to the new regulations of the Customs Temporary Supervision and Regulation to the Customs.
In recent years, the Myanmar jade trade fair transactions increased mainly due to the following reasons: ① for the auction of jadeite raw stone bidding increased; ② fierce competition in the industry, businessmen chasing high bidding; ③ Myanmar jade businessmen to stop the bidding of the market at a high price, and at the same time, the use of legitimate foreign exchange for profit; ④ part of the Chinese jade businessmen with economic strength and strategic mind to go to Myanmar to participate in the auction of jadeite bidding with a horse, and found that some of the jade for bidding, the auction of jadeite, and the auction of jadeite, and the auction of jadeite, and the auction of jadeite, the auction of jadeite, and the auction of jadeite. When they find that some of the jade for bidding is at the same time as their own stock of jade or finished products that have not yet been sold, they stop the bidding by using the names of their lackeys at a high price. After the auction, they do not pay for the goods, although the horseman is blacklisted and confiscated 10,000 euros deposit, but this move can pose a competitive threat to their own jade delayed for half a year to China, in exchange for the odd goods, high price of an excellent opportunity, in fact, for the loss of pawns to protect the commander-in-chief, ate a small loss and take advantage of the big advantage of a "high chess".
Myanmar's government has a policy of encouraging exports for foreign exchange and tax revenues. Only companies with legitimate foreign exchange are eligible for government authorization to import foreign goods that are in short supply in Myanmar. The main items available for export from Myanmar are jade, pearls, rubies, sapphires, gold, timber, rice, pulses, tea, seafood and other minerals. In addition to jadeite export commodities are because of the approximate international standard price and there is no room for operation to implement the inflated export price arbitrage. Only "gold has a price jade priceless" jadeite jade can take on this important task and provide unlimited imagination and operating space. Burmese jade businessmen can play the role of high auction prices, hot jade market, but also to achieve the purpose of arbitrage for profit, two birds with one stone, why not. Although the high price to stop the bidding after the transaction, the government to collect the transaction amount of ten percent commission tax, but the jadeite businessmen use the remaining ninety percent of the legitimate foreign exchange imports of Myanmar's domestic shortage of petroleum, steel, automobiles, mining machinery and equipment, household electrical appliances, plastics, chemicals, medical equipment, drugs, tobacco and alcohol, and other industrial and livelihood supplies to make profits, profits of up to thirty percent or more. Therefore, jadeite traders in Myanmar jade auction trade fair high prices to stop the bidding, in fact, tend to profit. Therefore, in 2011, a number of ports in Guangdong Province, Myanmar jadeite imports of high-price underreporting, suspected of smuggling a series of cases of investigation and law enforcement units involved in the jadeite raw stone without professional valuation, only to the Myanmar Jade Trade Fair bid price minus the declared price of the price difference as the company involved in the concealment of the value of the goods, evading the amount of comprehensive tariffs to the conviction and sentencing of the sole basis is unreasonable.
Because of the fierce competition in the industry, it is difficult for the immortals to cut off an inch of jade, and gambling on jade has formed an iron law in the industry. Because of the different odds of winning and losing, coupled with the demonstration effect of some of the lucky ones, as well as the jadeite industry since ancient times, the tradition of reporting the good news is not to report the bad news, attracting and incentivizing a large number of good gamblers and adventurers to go forward and back. The Association to implement the membership card system for eight years *** more than 8,000 members automatically disappeared. The nice thing to say is: "they have made enough money and have gone ashore", but in fact, they have suffered serious losses, are scarred, have become proletariat, are physically and mentally exhausted, are unable to turn over, and have switched to another profession to find a livelihood. More than 8,000 members of the Association engaged in Myanmar jadeite business failure in the previous years of struggle, its bidding to purchase jadeite jade into mainland China paid 33.9% of the comprehensive tax burden, including 17% of the value-added tax, 10% of the consumption tax and 3.9% of the income tax. As if the majority of tourists to go to the casino gambling in Macau, in Gongbei or Hengqin port exit, the customs to each tourist to carry gambling capital in proportion to the number of VAT, consumption tax and income tax, such an unreasonable tax system is not only breathtaking, but also the whole industry of jadeite businessmen at a loss. Therefore, the jadeite imports of integrated tariffs contained in the VAT, consumption tax and income tax should be stripped, placed in the jade processing, especially the retail sector after the collection.
At present, we believe that the comprehensive tax burden on the import of jadeite jade to one-fifth of the original, that is, 6.8% is more reasonable, we estimate that: a substantial reduction in the comprehensive tariffs, China Customs received the comprehensive tariffs on the import of jadeite jade, but more than several times more than the present, in the increase in tax revenues at the same time, but also the majority of the jadeite jadeite operators in mainland China to declare truthfully, law-abiding business, sunshine operation, and will be Promote the healthy, high-quality and sustainable development of the jadeite industry in mainland China, and play a greater role in the construction of material civilization, spiritual civilization and the transmission of the excellent traditional culture of the Chinese nation. It will be beneficial to the present generation and the future generations.
Jadeite is not only a characteristic economic industry, but also a characteristic cultural industry, in inspiring people to be compassionate, goodness and virtue, clear mind, purify the mind plays a positive role can not be underestimated. Therefore, comprehensively excavating and organizing and promoting the jade culture of the Chinese nation with a long history, in-depth research and active dissemination of jade culture, and rejuvenating the traditional cultural desert have an irreplaceable and important role to play in cultivating people's temperament, encouraging them to make progress, reconstructing the social morality system, and alleviating the emotions and violent tendencies of the people who are eager to make quick successes and short-term gains and who are anxious and impetuous.
Myanmar jadeite jade into China, prosperity of the jewelry and jade market, beautify the people's lives, while bringing 3 million people employment opportunities. Jadeite jade is a rare and non-renewable natural resource unique to Myanmar, and from the perspective of resource strategy, the General Administration of Customs and relevant ministries and commissions should give policy preference to reduce the import tariff significantly.
2012 China Jewelry and Jade Jewelry Yearbook
Strict supervision without substantial reduction in import tariffs will force the jadeite processing industry to the outside world or to the transfer of the domestic jadeite industry; downward adjustment of the comprehensive tariffs on jadeite jadeite imports without strict supervision will make the high price and low report the thought and action of evasion of the comprehensive tariffs to breed and spread. Therefore, a substantial reduction in the comprehensive tariffs and strict supervision of the two-pronged approach to long-term security.
5. Jade market development trend and response
The global financial turmoil in 2008 so that the price of jadeite appeared a brief decline, but soon in 2009 and regained momentum. 2010 within the medium and high grade jadeite prices from the previous annual average of one or two percent of the mild rise in the price of the mutation into a price doubling. Jade market for many years the reason why continued to rise, is due to the various fields of businessmen with hot money into the jade industry, making the surge in speculative behavior, and even the emergence of borrowed money to hoard Bo appreciation of the phenomenon. Normal processing, wholesale sales of high-risk, micro-profit, hoarding but rich, and more to promote the momentum. In addition, the growing team of operators, the expansion of the circulation area, especially the Myanmar Jade mining costs are rising year by year, a variety of reasons to push up the price of jadeite. Now, the jade market stage adjustment, in addition to the impact of the economic environment, blind investment in repeated construction is also one of the reasons. In recent years, all over the country are borrowing the name of the development of cultural industries to run, engage in construction, jewelry and jade mall blossomed everywhere; a rush, too many indiscriminate results is a surplus of trading stores and idle. At present, Yunnan Ruili, Yingjiang, Tengchong and Guangzhou, Guangdong, Shenzhen, Jieyang, Sihui, Pingzhou and other places of jewelry and jade malls have appeared to varying degrees of vacancy.
Jewelry and jadeite industry with macroeconomic fluctuations is characterized by "decline in the industry before the rise in the industry after". Because jewelry and jade is not a necessity of life, the economy is not good, jewelry and jade industry first hit, the economy is always lagging behind the recovery. 2011 since the beginning of the jade industry is not the operator's will to transfer into the depression, however, the overall market is far from what some experts and the media previously said "roller coaster" or "crash". "crash", but in the high consolidation period, only pure white glass and ice type of jadeite wool and jewelry due to the previous rate of increase too fast, resulting in the beginning of 2011 so far continued to decline, the overall price of about 35% decline; species of water and color of high-grade jadeite finished sales shrinkage, more resistant to fall; low-grade jadeite finished prices have 10% or so of the decline. The objective demand for jadeite exists, its overall price in the first few years after the crazy rise gradually return to rationality. Now the socio-economic chill is thick, the outlook is not good, forcing all parties to lower expectations, slow down the pace, shrinking production capacity.
2012 China Jewelry and Jade Jewelry Yearbook
Jadeite market today, the next step will be how to change? We expect: 2013 before the Mid-Autumn Festival, the jade industry will appear stage recovery (this judgment, is to social peace and stability as a prerequisite, otherwise all null and void). Based on three main points: first, the domestic macroeconomic policy changes. The central government to stabilize growth to a more important position, the central bank at the beginning of the year a number of interest rate cuts, the reserve requirement ratio down a number of times, the silver root of the relaxation of great strength. This is conducive to the domestic economy and the recovery of various industries. Secondly, the drastic change in the supply and demand of Myanmar jadeite raw stone. Due to the interference of Myanmar ethnic armed groups, jadeite mining in early 2012 to May intermittently, then the situation deteriorated in early June has been a complete shutdown, when to resume is far away (Myanmar mining industry veterans estimate that it will take at least two years). Originally scheduled for July 6, 2012 opening of the mid-year Myanmar jade fair has been canceled, it is said that the end of the year jade fair is also canceled, Myanmar jadeite industry is still available for a large-scale jade fair of the raw stone, the shortage of raw stone will push the price of jadeite rebound. Third, inflationary expectations. All levels of government overdraft future huge fiscal deficits deepen the community's expectations of long-term currency depreciation, small size, value, easy to carry and collect, both beautify life and appreciation of mid-range and high-end jadeite jewelry and a variety of finished products will be sought after by the affluent class again.
2012 China Jewelry & Jadeite Jewelry Yearbook
Currently, the jade industry and the Chinese mainland economy in various industries, the same quality and quantity, overcapacity, a serious overdraft in the future. Excessive desire, quick success, repetitive construction, sloppy development, is unsustainable. The survival and development of the industry is facing serious challenges, the big waves of industry reshuffle is inevitable, but the majority of industry operators should not be too eager to make quick profits, anxiety and impatience. The storm put strong grass the test, the fire to see the real gold. Hard to do business in the industry off-season, but also to unswervingly maintain the jade market industry self-discipline, integrity management, courtesy of the fine tradition of customer service. "Sharpening the knife is not wrong", as long as we work hard to cultivate "inner strength", and constantly improve the jadeite jewelry and a variety of finished product design creativity, carving technology level and traditional cultural connotations, significantly increase the added value of the finished product of Jadeite, reduce the amount of quality and price protection, as a way to achieve the structural adjustment and high-quality development of the Jadeite Structural adjustment and quality development of the industry to create better economic and social benefits. The long winter will end, the wind and sunny spring, hot summer and harvest of the golden fall will follow.