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Profitability crashed for Chinese furniture manufacturers

China2020Chinese furniture manufacturers saw profitability crash by more than a quarter in the first eight months of the year after a double-digit drop in sales.

Profitability fell by 27.3% to £2.21bn after sales dropped 11.1% to £45bn, according to Chinese government statistics.

The number of items produced dropped by 7.7% to 544.1million. 

In August product showed signs of recovery with production increasing by 10.8% to 81.4million pieces.