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Refrigerated Cars in Short Supply
Over 1 billion tons of perishable food is consumed in China every year, of this more than 50% needs to be transported via cold chain. However, the integrated cold chain circulation rate now comes to only 19%, and agricultural goods are seeing a high rate of loss. The loss value for fruits and vegeta.../images/up/News/20172252340451750.jpg
Midea Completes Acquisition Transaction of Kuka Group
Midea Group announced on January 6, 2017 that it has completed all payments in regards to the acquisition of Kuka Group. Upon completion of this acquisition, Midea’s wholly-owned overseas subsidiary, MECCA International (BVI), now holds 37,605,732 shares of Kuka Group accounting for 94.55% of all sh.../images/up/News/201722523371984134.jpg
China Sees 6.7% GDP Growth in 2016
China saw a gross domestic product (GDP) growth rate of 6.7% in 2016. Its economic scale broke RMB 70 trillion (US $ 10 trillion), consumer price index (CPI) rose by 2% while consumption made 71% contribution to economic growth. According to the director of the National Development and Reform Com...
Euroklimat Commercial Air Conditioner Honored in Guangdong
Upon the arrival of Chinese Lunar New Year at the end of January, Euroklimat received its first honor in 2017: being named a Famous Brand Product in Guangdong. The process to obtain this honor include: a company application, local government approval, publicity, on-site inspection, expert evaluation...
China Accelerates Exploration of Indian Home Appliances Market
Home appliances manufacturers have joined Internet technology companies and mobile manufacturers in expecting great things from the Indian market. This market has higher demands on refrigerators and air conditioners thanks to its hot cli-mate. In 2016, Chinese home appliances giants such as Haier.../images/up/News/201722519591369699.jpg
Good Electrical Appliances Recognized
On January 10, 2017, an award ceremony for 2016’s good electrical appliances was held in Beijing, which was hosted by China Household Electric Appliance Research Institute (CHEARI) and China Market Monitor. At the ceremony, 57 models of electric appliances from 32 brands in China received awards....
China’s Air Conditioner Industry Speeding up to Be Intelligent
Intelligence was the keyword in China’s air conditioner industry in 2016. Midea Group acquired Kuka, a German industrial robot manufacturer. Gree independently developed a smart robot. Haier set up a smart interconnected factory for the production of commercial air conditioners in Qingdao. Haier .../images/up/News/201722519552777321.jpg
Hisense Hitachi Establishes State-level Lab
The test and evaluation center of Qingdao Hisense Hitachi Air Conditioning Systems passed assessment by China National Accreditation Service for Conformity Assessment (CNAS), and was certified as CNAS state-level laboratory. The center is capable of testing all kinds of air conditioners, includin.../images/up/News/20172251953933794.jpg
Highly Doubles Sales of Motor Compressors for the First Half of 2016
According to Highly’s financial statement for the first half of 2016, its compressor sales for nonresidential air conditioners achieved 330,000 units, of which models for heat pump water heaters saw a sales volume of 145,000 units, maintaining an 80% market share in Europe and the United States. Mor.../images/up/News/201722519503712758.jpg
Tariff Cut Accelerating China’s Products Export to Australia
The China-Australia Free Trade Agreement (ChAFTA), which came into force on December 20, 2015, is now offering even more tax preferences to Chinese enterprises and consumers. More favorable tariffs apply to commodities exported from China including textiles, cloth, auto parts, steel and steel pro...
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