Overall development of China’s home appliance industry from Jan to July 2024
In the first half of 2024, China’s home appliance industry was under a continued influence posed by the downturn in the real estate sector and weak consumer expectations. The trade-in policy was introduced but produced little effect in the first half of 2024 as it was in the early implementation...
Performance of China’s air conditioner industry in FY2024
While the scorching summers attracted an influx of new players into China’s air conditioner industry in the past two years, the industry’s total production capacity was spiked up by 20 million units in only a year. Entering FY2024 (from September 2023 to August 2024) or the so-called “Cooling...
China's Home Appliance Exports Rise 14.7% in First Eight Months
Home appliance exports from China jumped 14.7 percent in the first eight months from a year ago, driven mainly by Chinese companies' global expansion and higher external demand, which, however, may weaken.
Trade-ins boosting green goods demand
China's latest efforts to promote trade-ins of home appliances will further stimulate consumer spending appetites, bolster consumption recovery and inject strong momentum into the country's economic growth, experts said.
Chinese refrigerator brands go global with a focus on high-end, smart and energy-efficient products
Profit improvement has been a long challenge since the Chinese refrigerator brands entered the global markets. And there are reasons behind it. Given the unique demands of consumers from different regions of the world in terms of food storage temperature and refrigerator compartment layout, Chinese...
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