New policies dim lighting firms' sales
By Yu Ran in Shanghai | China Daily | Updated: 2013-08-28 07:58
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China's restrictions on new property construction and on extravagant official spending are hitting the lighting industry. Pan Chaoyue / Xinhua |
Lighting companies say they are struggling with fewer individual customers and shrinking sales revenue because of recent government limits on the construction of new properties and restrictions on extravagant official galas.
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