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China property malaise spreads to furnishings

Posted on 05 January 2012

China’s property prices fell for the fourth straight month in December, adding further pressure on Chinese consumers at a time when both the domestic and global economy increasingly depend on their spending.
The property slump has triggered a slowdown in sales growth of goods ranging from furniture to refrigerators. Investment in residential real estate accounts for about 12% of China’s economy, but as much as 25% is tied up in a broader category that also includes industries such as construction materials and appliances, according to economists………………………………………..Full Article: Source


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