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second and third-tier brands furniture
Topic Started: Jun 20 2018, 02:32 AM (6 Views)
meishengchao


In the first half of the year, it was down 7.6%. The Chinese furniture industry, which has always maintained a growth curve since its reform and opening up, was dragged down by its downstream demand terminal, China Real Estate, and experienced a downward turning point in 2014.
According to statistics from the China Furniture Association, some second- and third-tier brands’ furniture exports have declined significantly, and more and more Chinese furniture companies have begun to dominate the domestic trade brands. Since 2006, they have been dominating the furniture production capacity of the world's largest exporter.
The world's largest furniture consumer market, which hits 500 billion yuan in annual consumption, coincides with the downturn in the real estate market. The domestic demand market with severe imbalances in supply and demand is extremely congested.
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