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China recently began to import some African-manufactured value-added goods, such as processed foods and household consumer goods.
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Higher spending on utilities does not signal consumer confidence the way purchases on household goods, such as new appliances or furniture, typically do.
NPR: US Consumers Boost Spending 0.2 Pct. Last Month
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However, they will face more competition from Chinese domestic firms in consumer goods sectors such as food and beverages, household appliances and personal care products.
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Since household spending reacts only modestly to swings in share prices, some consumer-goods firms may be able to muddle through with such tactics at least for a while.
ECONOMIST: Bear necessities
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These individuals and organizations represent many industries, including automotive, consumer electronics, medical, aerospace, packaging, household appliances, furniture, sporting goods, and toys.
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