Slowdown in China’s Real Estate Market Impacts Demand for Motor Drives in Escalators and Elevators

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SHANGHAI

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Defense, Risk & Security; Healthcare/Pharmaceuticals; Economics; Country & Industry Forecasting; Design & Supply Chain
IHS Media Relations, +1 303 305 8021
press@ihs.com
or

Design & Supply Chain
Jonathan Cassell, +1 408 654 1714
jonathan.cassell@ihs.com

Wilmer Zhou
Senior Analyst, Industrial Automation
wilmer.zhou@ihs.com
+86 (13) 9167 23286

Slowdown in China’s Real Estate Market Impacts Demand for Motor Drives in Escalators and Elevators

Shanghai, China (Nov. 18, 2014) –With the Chinese real estate market decelerating, the expansion of demand for elevators and escalators is slowing as well, resulting in reduced growth for the motor drives used to power these conveyances, according to IHS Technology (NYSE: IHS).

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Slowdown in China’s Real Estate Market Impacts Demand for Motor Drives in Escalators and Elevators

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