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Ikea Goes Ahead With $1.4 Billion China Investment Despite Slowing Growth

An Ikea store in Beijing.
An Ikea store in Beijing.Photographer: Tomohiro Ohsumi/Bloomberg

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Home furnishing giant Ikea has seen sales growth soften for three consecutive years in China as the country grapples with a slowing economy and waning consumer confidence caused by a grinding trade conflict with the U.S.