World Bank Raises Forecast for China's Economy
Published at: www.nytimes.com
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James GouldPresidentThe Floor Covering Institute
China’s Economy and Construction Boom Creates Huge Floor Covering Potential
November 6, 2009
A new, 40 billion square meter floor covering market is expected to emerge in China between now and 2025. The urbanization of China continues and is expected to increase its cities’ population by another 350 million people, creating demand for as many as five million new buildings. Every square meter of new construction will require floor covering. Ultimately China may be the world's largest floor covering market; Mohawk Industries, Shaw, Armstrong World Industries and Tarkett should take heed.
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