失之东隅 收之桑榆

Core Insights - The Chinese furniture industry is experiencing a dual trend of significant export decline and substantial domestic sales growth, indicating a shift towards a "dual circulation" development model [1][2] - From January to May, furniture exports totaled $28.98 billion, a year-on-year decrease of 8.2%, while domestic retail sales reached 75.74 billion yuan, reflecting a 21.4% increase [1] - The performance of the domestic market highlights the effectiveness of government policies aimed at boosting domestic demand, revealing the growing importance of the domestic market for furniture companies [1] Export and Domestic Sales Trends - The export decline is a warning for companies heavily reliant on international markets, but it also presents an opportunity for transformation and market restructuring [1][2] - Companies are encouraged to seek new export markets to reduce dependence on a single market, especially as the situation regarding tariffs between China and the U.S. is expected to improve [2] - A strategic approach of "walking on two legs" is essential for furniture companies, focusing on both international market expansion and deepening domestic market engagement [2]