Data | China’s exports to the “Belt and Road” countries account for an all-time high share by value
According to data from the General Administration of Customs, China’s total trade volume of mechanical and electrical products decreased by 5.8% to 1,162.81 billion USD in the first five months of 2023. Among them, the export value was 810.65 billion USD, a year-on-year increase of 1.6%, and the...
Read More →Data | The air conditioner production in the first five months up 14.2% YoY
According to the data from the National Bureau of Statistics, the air conditioner production from January to May of 2023 reached 114.25 million units, with a year-on-year increase of 14.2%. In May alone, the air conditioner production was 26.063 million units, a year-on-year growth of 18.3%.
Read More →Rise of large-capacity refrigerators in the past decade
China’s refrigerator industry forged ahead in the past decade amid the ups and downs of the market with the rise of large-capacity refrigerators standing out as a highlight.
Performance of China’s home appliance industry in Q1 2023
From January to February 2023, revenue of China’s home appliance industry stood at 237.4 billion Yuan, up 2.9% YoY, and profit of it made a growth to reach 15.5 billion Yuan. Year 2023 marks the recovery of China’s home appliance industry.
China’s washing machine industry deepens development
The washing machine market has been freezing up with a fall in both sales value and volume in 2022. Omnichannel retail sales volume of China’s washing machine industry stood at 33.81 million units in 2022, down 9.1% YoY, and retail sales value 68.2 billion Yuan, down 11% YoY, according to All View ...
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