Slowdown hits Wenzhou firms
China Daily | Updated: 2008-09-03 07:28
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Zhejiang province was the country's biggest furniture exporter in the first five months, but many manufacturers are now shedding staff to survive. Lu Guoliang |
The furniture factories outside the manufacturing hub are eerily quiet. They are victims of a housing crisis half a world away in the United States that is sapping demand for everything from beds to bookcases.
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