Home Furnishings in China - New Study Released
In 2012, the sluggish property market, constrained by the continuous policies of the Chinese Government, had a negative impact on home furnishings sales, as house sales cooled down dramatically. However, the traditional culture of parents buying houses for their children once married provided constant demand for home furnishings products as well. High house prices gradually led to a shift in the custom, whereby the heavy burden of buying a new house is shared between parents and the young...
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