CHEAA convened the 2nd council meeting & 3rd standing council meeting of its 6th council in Suqian, Jiangsu, on Dec 8, 2016. At this meeting, CHEAA included Flyco Group Co., Ltd as a new council member.

Jiang Feng, president of CHEAA, briefed what CHEAA had achieved in the past 2016 and CHEAA’s working plan for 2017. Hu Xiaohong, director of CHEAA’s Department of Information, introduced performance of China’s home appliance industry in the past 2016 and predicted trends in 2017. China’s home appliance industry saw a notably improved quality of its economic growth in 2016, with upgraded consumption preferences of consumers, a rebalanced industry structure and product mix, and enhanced product quality. While major appliance market was sluggish in the first half of 2016 with a fall in both production and sales of air conditioners and refrigerators, it picked up in the second half. According to Hu, in the forthcoming 2017, domestic market is expected to go further stable. Export of China’s home appliance market is expected to face a tough battle, though overseas market is estimated to maintain stable in short term.

Wan Chunhui, director of CHEAA’s Department of Standards and Regulations, briefed policy progress in 2016. Liu Zhao, director of CHEAA’s Department of Membership Affairs, shared what she’s learned from the Smart Manufacturing Training Class organized by Ministry of Industry and Information.

At this meeting, Ren Xingzhou, an invited expert of Development Research Center of the State Council, gave a report concerning current macro-economic performance and trends. Ren pointed out economic indicators showed a stable performance in 2016 with slight progress and improved quality. As to 2017, she noted that, the fast half of 2017 is expected to maintain stable but the second half might come under downward pressure. GDP is expected to grow by 6.5% to 7%, slightly down from 6.7% of year 2016. In 2017, as she predicted, we shall watch out potential risks posed by property market, debt, capital outflow and mass overseas investment, and financial risks.

Attendees visited JD E-commerce Industry Park and Donper Group’s subsidiary in Suqian, Jiangsu province.