Furniture Industry and China
The once thriving U.S. furniture industry is….where?
Beijing (ANTARA News/Asia Pulse) – China sold abroad US$24.12 billion worth of furniture in the first 11 months of 2008, a growth of 21.7 per cent on the same period of 2007, the General Administration of Customs said on Wednesday.
In November alone, the foreign sales stood at US$2.52 billion, up 13.8 per cent year-on-year. Foreign-funded companies made up 51.9 per cent of China’s total furniture exports.
They sold US$12.53 billion worth, up 11.5 per cent. The United States and the European Union were the major target markets of Chinese-made furniture.
Ok… so it is still thriving…it just followed the crowd. Gotcha.