| Italians ready to enter Chinese market The
Italian furniture industry seems ready to invade the Chinese market. From the last
exhibition in Milan, the sensational news is that Italian furniture manufacturers have
found the new market, China (especially since there is talk of consumption growing at
about a 12-15% yearly for the next decade).
The entry of China into the WTO also 'encourages' foreign manufacturers since some of
the import taxes will soon reduce (from 22% to 10% and then to zero by 2006) and there
will be more attention paid to copyright and patent legislation.
Italian manufacturers plans to develop production and trade agreements with local
partners. Other reasons for a close look at China will be the 2008 Olympic Games in
Beijing, the 2010 Universal Exposition in Shanghai, which will boost the construction
sector (specially hotels) and the recent law allowing even more Chinese citizens to become
owners of their apartments. This new situation is expected to create a growth in interior
furnishings and decoration.
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