Outlook on China Flexible PU Foam Development
2019-03-12    [Source:PUdaily]
Furniture is one of the upstream sectors of the real estate industry. Its prosperity is closely related to the sales of commercial housing. In 2018, China's housing prices moved sideways at high level, but the real estate sector largely lost its momentum of rapid growth. As a result, it provided smaller boost to the growth of the furniture industry. In this context, the second-hand and renovated houses replaced the new ones to become the main consumers of furniture products. Typically, houses that have served for more than 5 years need to be partially renovated...
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