Walmart, Home Depot Cancel Orders—China’s Furniture Industry Collapses Overnight
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China's furniture and home goods industry is facing an unprecedented crisis. Upstream markets for timber, boards, hardware, and coatings have seen sharp drops in transactions, while logistics have slowed due to fewer orders. Midstream furniture factories are under pressure from rising material costs and declining orders, forcing many to halt production or lay off staff. Retail outlets are the hardest hit, with store closures spreading nationwide, foot traffic falling sharply, and consumer confidence weakening.
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