Coal to clean energy project heats up the heating market in Northern China
Amid China’s Ministry of Environmental Protection’s (MEP) action plan of cutting coal consumption volume of 28 cities to a negative growth, heat pump water heaters and gas boilers, major replacements of coal-burning boilers, saw a surge in market size...
Performance of China's home appliance industry in 2017 and outlook in 2018
China’s home appliance industry has seen its economic indicators continuously going up in 2017 thanks to its efforts in technology upgrading and product mix rebalancing. The main operating revenue from Jan to Oct posted 1.36 trillion RMB, a year-on-year rise of 18.1%, and profit for the same period...
Dishwasher, a future 'kitchen star'
Chinese middle-class affluence is helping revive the local market for dishwashers, a product that never really took off in the past. The segment is expected to double its growth this year, in line with the ongoing consumption upgrade in the country, according to a report from GfK China, a consumer...
Performance of China’s home appliance enterprises on Singles’ Day online shopping spree
Singles’ Day shopping festival, China’s largest online shopping spree on Nov 11 initiated by Alibaba, has witnessed new sales record. On this day, Alibaba’s Tmall posted GMV of 168.2 billion RMB, a year-on-year rise of 39%, while JD.COM posted 127.1 billion RMB. According to freshly released...
Performance of China's residential air conditioner sector in FY 2017
According to statistics from ChinaIOL.com, aggregate sell-in volume of residential air conditioners in FY 2017 posted 135 million units, a year-on-year rise of 37.6%, of which domestic sell-in volume posted 82.04 million units, a year-on-year rise of 59.7% and export sell-in volume 52.96 million...
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