The new labor law without fixed period labor contract, overtime pay double, paid marriage leave disease annual price regulation, makes ghd australia enterprise manpower cost increases by about 10%. In addition, because the sales staff flow frequently, the company before and promotions specialist signed is usually temporary employment agreement, the new "labor contract law" after the implementation, GHD company should and promotions specialist sign formal labor contract, it will increase the cost of risk reserve, etc. China is the world electrical appliances manufacture base, the domestic GHD enterprise of copper, aluminum, steel and other raw materials of large scale of demand.
In 2007, the main ghd hair straightener product steel consumption of more than 5. 7 million tons, demand by more than ten percent. And since 2006, GHD the price of raw materials has been in a state of spiral. The end of my established 2008 quarterly is for credit control policy, due to various factors such as the impact of the snow storms in January the credit scale of more than 800 billion yuan. To keep tight effect, it is reported that the credit policy will be controlled by the month, it will further compression various commercial bank's capacity to lend, commercial Banks will first compression is not in conformity with the national policy oriented loans, so including two tall endowment, many export GHD enterprise will bear the brunt of, be faced with more tight credit environment.
On June 19, 2007, the ministry of finance and the state administration of taxation jointly with state development and reform commission, the ministry of commerce and the general administration of customs jointly issued the ministry of finance and the state administration of taxation on turn down a portion of the goods under the notice of the export tax rebate rate, the regulation beginning on July 1, adjust a portion of the goods under export tax rebate policy. The tax rate adjustment, mainly involves the total exports accounted for second ghd hair products, the export tax rebate rate is 9%. The federal trade commission amended "appliance label the laws and regulations of the final provisions passed, and on February 29, 2008, which took effect for GHD set up new energy consumption barriers.
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