Overall Development of China’s Home Appliance Industry in 2024
Fueled by the national home appliance trade-in program and the continued recovery of the international markets, both the domestic and export markets of China's home appliance industry maintained growth in 2024. In particular, the trade-in program greatly stimulated the domestic home appliance...
Data | Retail Sales of Household Appliances and Audio-Visual Equipment in November up 22.2% YoY
On December 16, the National Bureau of Statistics released the economic performance report for November. In terms of consumption, in November, total retail sales of consumer goods amounted to 4.3763 trillion yuan, a 3.0% increase year-on-year, with a month-on-month increase of 0.16%. Notably, the ...
Read More →Three challenges facing China’s refrigerator industry in 2025
In 2024, China’s refrigerator industry hit a plateau in its development, facing challenges including sluggish domestic market demand, severe technical competition pressure, and highly uncertain global markets.
Data | Retail Sales of Household Appliances and Audio-Visual Equipment in November up 22.2% YoY
On December 16, the National Bureau of Statistics released the economic performance report for November. In terms of consumption, in November, total retail sales of consumer goods amounted to 4.3763 trillion yuan, a 3.0% increase year-on-year, with a month-on-month increase of 0.16%. Notably, the ...
Read More →Will pet appliances become the next battleground?
The enormous potential of the pet economy has attracted players from all industries to enter the market. In this blue ocean, the pet appliance market is rapidly growing. Traditional home appliance giants such as Haier and Panasonic, as well as emerging pet appliance brands like Homerun and PETKIT,...
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