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Renewable Energy Development Accelerating
At a press conference held on January 5, 2017, Li Yangzhe, deputy director of the National Energy Administration, noted that renewable energy development and utilization will be sped up during the 13th Five-year Plan period spanning from 2016 to 2020. During this period, heating that utilizes ren...
Samsung Provides VRFs for Two Projects
Thanks to its large capacity and flexible installation, Samsung’s DVM S series of variable refrigerant flow (VRF) systems won two big projects in China: Beijing Hyundai Motor and the South Korean Embassy. Responding to a call from the Chinese government to boost economic circle integration in Bei.../images/up/News/201722523453793576.jpg
Gree Ranks No. 1 in Invention Patent Ranking in China
On January 19, 2017, the State Intellectual Property Office released the 2016 China Invention Patent Ranking. Gree capitalized on the acceptance of 3,299 invention patent applications and authorization of 871 invention patents, to rank seventh in the national ranking list, making itself the only hou.../images/up/News/201722523414697093.jpg
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
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