CHEAA convened the 3rd council meeting and 5th standing council meeting of its 6th council in Guangzhou on 6 Dec 2017. At this meeting, CHEAA included Konka as a new council member.

Jiang Feng, president of CHEAA, briefed what CHEAA had achieved in the past 2017 and CHEAA’s working plans for 2017.

Luo Yuanyuan, director of CHEAA’s Department of Information, introduced the performance of China’s home appliance industry in the past 2017 and predicted trends in 2018. According to her report, 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 93.11 billion RMB, a year-on-year rise of 11.9%.

Most categories expanded their outputs in 2017. Refrigerator sector reversed its two-year long sliding trend. Air conditioner sector made a historic high. Washing machine sector stayed steady. Microwave oven sector and electric cooker sector maintained the fast-growing momentum. Hoods, vacuum cleaners, electric fans, electric ovens & grills and water dispensers saw optimistic performance.

According to statistics from General Administration of Customs, for the first half of 2017, aggregate export value of home appliance industry has grown by 7.7% year-on-year to post 31.05 billion US dollars, of which the first quarter saw a year-on-year rise of 5.9% while the second quarter 8.8%. The aggregate export value from Jan to Oct registered 51.559 billion US dollars, a year-on-year rise of 8.4%, a record high, and aggregate import value posted 3.355 billion US dollars, a year-on-year rise of 22.2%, leading to a trade surplus of 48.2 billion US dollars, a year-on-year rise of 7.6%.

Looking at the coming 2018, Luo Yuanyuan believed that consumers’ new demand for traditional large appliances is expected to see a slower growth, while the replacement demand become the main driver of the market growth.

Wan Chunhui, Vice Secretary General of CHEAA and director of CHEAA’s Department of Standards and Regulations, briefed policy progress in 2017. To date, CHEAA has released its plans of developing 7 sets of CHEAA standards, and has released the industry’s first standard on interconnected appliances-Cloud to Cloud Interconnection for Smart Household Appliances.

Attendees shared their views on the industry development in 2017. After the meeting, they visited GAC Group.