China

The Chinese Chiller Market The rapid developments in real estate have brought unlimited market opportunities to the HVAC&R industry. However, from 2004 the Chinese government began to slow down over zealous investment in the fixed asset market through macroeconomic control, which has had a strong negative impact on the HVAC&R industry. The increase in raw material and energy costs and the fall in the price of AC products has caused a decrease in economic returns. Increased investment from international companies has caused a more competitive AC market.