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BEIJING, March 16 (Xinhuanet) -- Shenzhen's furniture industry maintained
its strong growth momentum last year, figures released by an industry
organization showed.
Sales of the furniture industry totaled 25 billion yuan (US$3.02 billion)
last year, surging 51.5 percent from a year earler, according to the Shenzhen
Furniture Association.
Furniture exports rose 15.63 percent year on year to US$1.48 billion
despite a U.S. dumping charge that threatens to whittle down the city's exports.
The United States is the largest overseas market for Shenzhen's furniture
makers, which exported US$600 million worth of goods, or 48 percent of their
total exports, to the country in 2002.
But a group of U.S. makers of timber bedroom furniture filed an
anti-dumping petition with the U.S. International Trade Commission (ITC) and the
U.S. Department of Commerce (DOC) last year, alleging that cheaper imports of
Chinese timber bedroom furniture had hurt U.S. makers.
The case is expected to be decided this fall. If the ITC and DOC rule in
favor of the petition, then Chinese wood furniture makers have to pay high
duties.
Shenzhen furniture makers, who have strongly denied the accusation that
they have dumped their products in the United States below cost, have pooled
US$1.5 million to fight the charge.
(Shenzhen Daily) |