China’s Furniture Price Decreases Under Inflation

2011-07-11 15:16:56.0 By: GlobalMarket Team

Tag:
China Manufacturing ,
Leather Sofa Beds ,
Bedroom Furniture Beds
up-and-down-graph

When it comes to China’s economy, inflation has become a heated topic of this year. According to the data released by the National Bureau of Statistics, China’s CPI has risen by 5.1%, reaching the highest growth since September 2008. With the rising costs of rents, wages and raw materials, the price of China Manufacturing furniture is expected to grow as well. However, instead of increasing rapidly, it fell below the original price.

Backed up by the continuous growth of the real estate, China’s furniture industry should have profited from rocketing sales, but the fact is that the residential vacancy rates has exceeded 60%, indicating China’s real estate bubble. The real demand for furniture is far lower than what it appears to be.

Besides, in China, it is common that there are far more salespersons than customers in high end furniture mart, compared with the opposite in low end furniture warehouse. Furniture with high performance-price ratio such as Leather Sofa Beds and chair folding storage table are greatly welcomed by the mass. According to the management of some furniture marts, because of inflation, many people are becoming more rational.

Recommend Bedroom Furniture Beds:

Cheap Modern Furniture; Bedroom Furniture Set       Modern Bed, Modern Bedroom Furniture

Cheap Modern Furniture; Bedroom            Modern Bed, Modern Bedroom Furniture

Furniture Set                  

Model: Chunzhisheng 728 Bed                       Model: Milano

Foshan Yonghaoxuan Furniture Co., Ltd.    Shenzhen Yuanfangyuan Industry Development Co., Ltd.

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