China’s home appliance industry posted revenue of 742.25bn Yuan in H1 2018
China’s home appliance industry posted revenue of 742.25 billion Yuan, a year-on-year growth of 13.1%, and profit of 52.29 billion Yuan, a year-on-year growth of 15.9%, according to statistics released by China’s Ministry of Industry and Information Technology on August 20th 2018.
How could Trump’s tariffs on 200bn worth of Chinese imports affect China’s home appliance industry?
United States President Donald Trump imposed 10 percent tariffs on Chinese products amounting to USD 200 billion on September 17th. The tariffs are set to come into effect from September 24 with the 10 percent level, which will be increased to 25 per cent from next year.
Online sales of home appliances rise by 22% in H1
Online sales of home appliances in China stood at 264.1 billion yuan ($38.6 billion) in H1, up 22 percent year on year, according to a report released by the China Center for Information Industry Development under the Ministry of Industry and Information Technology on August 2nd 2018...
RMB depreciation could make China’s home appliance industry more concentrated
The exchange rate of the RMB against the US dollar plunged starting from the second quarter of 2018, depreciating 8% in July from April and falling below 6.91 recently to a new low. People's Bank of China announced on August 3rd that, it will adjust forward foreign exchange risk reserve requirement ...
Read More →Growth of separate dryers slowed down in H1 2018
Separate dryer sector posted retail sales volume of 163,700 units in the first half of 2018, a year-on-year rise of 31.5%, and sales value of 708 million RMB, a year-on-year growth of 51.2%, according to All View Cloud. The average price has climbed by 16.5% to reach 4323 RMB, mainly attributed to...
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