As a leading furniture exporter and home to the largest furniture market in the world. Foshan once named as China’s Furniture Business Capital has speeded its economic development, becoming a big attraction for foreigner retailers and other companies looking to catering the demand of a middle class that seeks international lifestyle products.
Traditionally, Foshan has a competitive edge in the manufacturing of high-end furniture and wood products as well a qualified workforce for the industry on-site. The city offers integral advantages in raw materials, business links, and industrial agglomeration, representing, great advantages for furniture companies looking for opportunities to provide technology or companies trying to reach South China's consumer market by reducing their cost.
• Sofitel Foshan, is China's first furniture-experience hotel, opened in Furniture Town Lecong, Shunde District. The hotel introduces a new business pattern into the market: what you experience is what on sale, which means that customers could buy all items presented in the hotel, from hard decorations, soft decorations, and indoor construction design to every piece of furniture, ornaments, lightings and accessories.
• 1 in 12 of world's furniture is produced in Foshan*
• Swedish home furnishings retailer Ikea Group opened a new store that cost 1.1 billion RMB in Foshan, Nanhai district. This store became the retailer's largest outlet in South China.