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China Home Appliance Industry: A Big Step Out of Crisis

China Home Appliance Industry: A Big Step Out of Crisis

Write: Moray [2011-05-20]
p>According to data from National Bureau of Statistics of China, the nation s home appliance industry kept strong momentum in the first of this year. With sales of most products performed much better than those before the downturn, it was obvious that the industry had already got rid of the economic crisis.

The data also showed that refrigerator output in Jan-Jun increased by 28.3% year on year to 38.95 million while freezer output reached 8.728 million, up 31.4% compared with the same period last year.

Besides, referring to data newly released by China s Ministry of Commerce, the policies of "home appliances going to the countryside" brought a sales volume in Jan-Jul of 39.268 million, 1.8 times more than that of the same period last year. Meanwhile, sales volume brought by subsidy program for replacement of household electrical appliances reached 19 million, with sales of around Rmb 71 billion.

Industry insiders predicted that good economic trend at home and abroad could undoubtedly boost the development of China s home appliance industry, but what can really made China s home appliance industry go up in the next few years was to upgrade industrial structure through technology innovation.

China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html