NANNING, China, Dec. 24, 2015 /PRNewswire/ -- On November 16, China national center for financial information index academy issued "China (Pingxiang) "Chinese Redwood" Furniture Index report(2015)" in South China's Pingxiang, Guangxi Zhuang Autonomous Region. According to the report, it is estimated that the industry of "Chinese Redwood" furniture will stay in a period of adjustment, and the rate of the adjustment would slow down. The leading index might bounce back from bottom line and the industry may revive in the next few years.
The report found that the important importing countries of China's "Chinese Redwood" have also been replaced over the years. In the past, Southeast Asia has been an important importer. But from June, 2014, it was replaced by Africa.
In recent years, Pingxiang took advantage of the geographic location, and "Chinese Redwood" industry has been developing by leaps and bounds, becoming one of the three pillar industries of Pingxiang. Sun Ruijun, mayor of Pingxiang, said that the report is a good way for the people in this industry to grasp the latest trend of China's "Chinese Redwood" furniture industry, and it is a platform where "Chinese Redwood" furniture enterprises can learn from each other's successful experience.
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SOURCE China national center for financial information index academy