Realty slowdown proves fillip for associated sectors
By Zheng Xin | China Daily | Updated: 2015-07-30 08:39
The slowdown in real estate sales will help the country's furniture sector and other building products producers raise their environmental standards, and weed out weak industry players, according to a leading industry body.
China's real estate market has begun to feel the pinch after booming in the past years, causing concerns for many sectors, including construction and building materials.
But Zhu Changling, president of the China National Furniture Association, insisted the slowdown has already led to what he called an industry reshuffle that has been beneficial to the "most-innovative players with vision".
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