During the festival of Diwali China lamp sales hit Waterloo, plunged more than 40%

India Federation of industry and Commerce (Assocham ASDF) released a survey report, the report shows that this year during Diwali, from the Chinese decorative products (such as lamps, gifts, wall etc.) sales are likely to decrease 40%-45%.

(source: Network)

Assocham Secretary General D.S. Rawat said: "once in India sales of excellent Chinese lighting products, in 2017 during Diwali, sales fell 40% to 45%, Chinese electronics manufacturing such as the mobile phone sales fell slightly, according to data China manufacturing liquid crystal display, mobile phone and other electronic products demand declined 15% to 20%."

The electronics industry chamber of Commerce said the exchange has with Agha Maida Bud, Bangalore, Bhopal, Chennai, Dehra Dun, Delhi, Hyderabad, Jaipur, Lucknow and Mumbai City wholesalers, retailers, traders, assess the demand for Chinese products across India.

Sold in 2016 during Diwali China goods worth about 65 billion rupees, of which about 40000000000 rupees consumption is associated with Diwali items, such as toys, gifts, lamps, high-grade plastic products and accessories etc..

From China high-grade lamps, lamp shade, Ganesha and Lakshmi Hill, Lan Guoli God Lakshmi statue (India sand pattern) and firecrackers are the most popular in India. But according to the survey, 2017 Diwali, India people love the local products rather than Chinese products.

The seller said that the majority of customers in India buys India produced lamps.

The report said: "although the huge market demand for high-end lamps Chinese manufacturing, but also reduce. But because of the problems of quality China products, sellers do not wish to be guaranteed for any goods sold China. Compared Chinese firecrackers, firecrackers make India more popular in Tamil nadu."

Source: Hugo

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