China: domestic market to be worth $2 trillion this year
20/09/2010
In a speech at an international export forum, deputy international trade representative, Chong Quan, pointed out that this would put the value of the domestic market higher than the value of China’s total exports.
High levels of consumption in the Chinese domestic market are providing many global industries with an important boost at the moment, and the leather industry is no exception. Companies selling luxury cars, leathergoods and high-end footwear are all looking to the Chinese domestic market for growth. Sales of furniture for new homes in Chinese cities are also providing a much-needed boost to the leather upholstery sector.
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