Much of the housing for sale now is out of the price range of the average wage earner. Opportunities for home ownership are unlikely to change overnight, although the country has launched three groups of affordable housing projects. The Industrial and Commercial Bank of China is also trying to help. In the meantime, many consumers choose to remodel their existing homes. Wood can also play a role in these renovations.
China has a long history of furniture production and it's a good industry for that country.
You can see why China already is Asia's largest furniture exporter. The manufacturing of these wood products has moved in recent years from places like Japan and Taiwan to China. The main reason is lower labor costs. An Industry Leader Helps FAS Raymond S.C. Lo, President of Lo Brothers and Associates in Lilburn, Ga., was born in China, grew up in Taiwan and earned a degree in architecture from the Georgia Institute of Technology. He is Chairman of the American Hardwood Export Council's Strategic Planning Committee for Greater China.